ZIP 04854 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 04854 in the Knox County, ME FMR area.

$1,260Efficiency
$1,4601 bedroom
$1,7702 bedrooms
$2,3203 bedrooms
$2,3304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,260$1,134$1,386$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 04854

$81,041average adjusted gross income per tax return (2022)
$38,254average salaries and wages per return
810tax returns filed
26%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00032.1%
$25,000 to $50,00021.0%
$50,000 to $75,00016.0%
$75,000 to $100,0008.6%
$100,000 to $200,00014.8%
$200,000 or more7.4%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 12.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 04854?

HUD's FY2027 Small Area FMRs for ZIP 04854 (Knox County, ME) are $1,260 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 04854?

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 04854?

Tax returns filed from ZIP 04854 reported an average adjusted gross income of $81,041 (2022). A two-bedroom unit at the Small Area FMR costs $21,240 a year, or 26% of that income.