ZIP 04860 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 04860 in the Knox County, ME FMR area.

$1,560Efficiency
$1,6401 bedroom
$2,0002 bedrooms
$2,6203 bedrooms
$2,6604 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,560$1,404$1,716$1,101
1 bedroom$1,640$1,476$1,804$1,236
2 bedrooms$2,000$1,800$2,200$1,503
3 bedrooms$2,620$2,358$2,882$1,968
4 bedrooms$2,660$2,394$2,926$1,975

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

Income in ZIP 04860

$84,073average adjusted gross income per tax return (2022)
$34,240average salaries and wages per return
860tax returns filed
29%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00027.9%
$25,000 to $50,00024.4%
$50,000 to $75,00015.1%
$75,000 to $100,00010.5%
$100,000 to $200,00014.0%
$200,000 or more8.1%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 10.5% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 04860?

HUD's FY2027 Small Area FMRs for ZIP 04860 (Knox County, ME) are $1,560 efficiency, $1,640 one bedroom, $2,000 two bedrooms, $2,620 three and $2,660 four bedrooms.

What payment standard can a housing authority set in ZIP 04860?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,800 to $2,200.

How affordable is rent in ZIP 04860?

Tax returns filed from ZIP 04860 reported an average adjusted gross income of $84,073 (2022). A two-bedroom unit at the Small Area FMR costs $24,000 a year, or 29% of that income.