ZIP 04468 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 04468 in the Bangor, ME FMR area.

Bangor, ME

$1,270Efficiency
$1,3701 bedroom
$1,7602 bedrooms
$2,3503 bedrooms
$2,5004 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,270$1,143$1,397$1,305
1 bedroom$1,370$1,233$1,507$1,380
2 bedrooms$1,760$1,584$1,936$1,722
3 bedrooms$2,350$2,115$2,585$2,203
4 bedrooms$2,500$2,250$2,750$2,495

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Penobscot County, ME (part)

$1,270Efficiency
$1,3701 bedroom
$1,7602 bedrooms
$2,3503 bedrooms
$2,5004 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,270$1,143$1,397$1,042
1 bedroom$1,370$1,233$1,507$1,144
2 bedrooms$1,760$1,584$1,936$1,496
3 bedrooms$2,350$2,115$2,585$2,039
4 bedrooms$2,500$2,250$2,750$2,096

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 04468

$57,716average adjusted gross income per tax return (2022)
$43,174average salaries and wages per return
4,360tax returns filed
37%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00031.4%
$25,000 to $50,00029.8%
$50,000 to $75,00015.4%
$75,000 to $100,0008.5%
$100,000 to $200,00013.1%
$200,000 or more1.8%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 14.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 04468?

HUD's FY2027 Small Area FMRs for ZIP 04468 (Bangor, ME) are $1,270 efficiency, $1,370 one bedroom, $1,760 two bedrooms, $2,350 three and $2,500 four bedrooms.

What payment standard can a housing authority set in ZIP 04468?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,584 to $1,936.

How affordable is rent in ZIP 04468?

Tax returns filed from ZIP 04468 reported an average adjusted gross income of $57,716 (2022). A two-bedroom unit at the Small Area FMR costs $21,120 a year, or 37% of that income.