ZIP 04742 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 04742 in the Aroostook County, ME FMR area.

$990Efficiency
$1,0001 bedroom
$1,2902 bedrooms
$1,7603 bedrooms
$1,8304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$990$891$1,089$892
1 bedroom$1,000$900$1,100$898
2 bedrooms$1,290$1,161$1,419$1,175
3 bedrooms$1,760$1,584$1,936$1,581
4 bedrooms$1,830$1,647$2,013$1,642

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

Income in ZIP 04742

$56,600average adjusted gross income per tax return (2022)
$40,471average salaries and wages per return
1,520tax returns filed
27%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00032.9%
$25,000 to $50,00027.6%
$50,000 to $75,00015.1%
$75,000 to $100,0008.6%
$100,000 to $200,00012.5%
$200,000 or more3.3%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 15.1% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 04742?

HUD's FY2027 Small Area FMRs for ZIP 04742 (Aroostook County, ME) are $990 efficiency, $1,000 one bedroom, $1,290 two bedrooms, $1,760 three and $1,830 four bedrooms.

What payment standard can a housing authority set in ZIP 04742?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,161 to $1,419.

How affordable is rent in ZIP 04742?

Tax returns filed from ZIP 04742 reported an average adjusted gross income of $56,600 (2022). A two-bedroom unit at the Small Area FMR costs $15,480 a year, or 27% of that income.