ZIP 04563 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 04563 in the Knox County, ME FMR area.

$1,330Efficiency
$1,4601 bedroom
$1,7702 bedrooms
$2,3203 bedrooms
$2,3304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,330$1,197$1,463$1,101
1 bedroom$1,460$1,314$1,606$1,236
2 bedrooms$1,770$1,593$1,947$1,503
3 bedrooms$2,320$2,088$2,552$1,968
4 bedrooms$2,330$2,097$2,563$1,975

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

Income in ZIP 04563

$87,436average adjusted gross income per tax return (2022)
$46,188average salaries and wages per return
770tax returns filed
24%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00027.3%
$25,000 to $50,00023.4%
$50,000 to $75,00015.6%
$75,000 to $100,00010.4%
$100,000 to $200,00015.6%
$200,000 or more7.8%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 14.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 04563?

HUD's FY2027 Small Area FMRs for ZIP 04563 (Knox County, ME) are $1,330 efficiency, $1,460 one bedroom, $1,770 two bedrooms, $2,320 three and $2,330 four bedrooms.

What payment standard can a housing authority set in ZIP 04563?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,593 to $1,947.

How affordable is rent in ZIP 04563?

Tax returns filed from ZIP 04563 reported an average adjusted gross income of $87,436 (2022). A two-bedroom unit at the Small Area FMR costs $21,240 a year, or 24% of that income.