ZIP 04961 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 04961 in the Franklin County, ME FMR area.

Franklin County, ME

$1,140Efficiency
$1,1901 bedroom
$1,4902 bedrooms
$2,0303 bedrooms
$2,2604 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,140$1,026$1,254$880
1 bedroom$1,190$1,071$1,309$966
2 bedrooms$1,490$1,341$1,639$1,264
3 bedrooms$2,030$1,827$2,233$1,750
4 bedrooms$2,260$2,034$2,486$2,113

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

Somerset County, ME

$1,140Efficiency
$1,1901 bedroom
$1,4902 bedrooms
$2,0303 bedrooms
$2,2604 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,140$1,026$1,254$1,031
1 bedroom$1,190$1,071$1,309$1,038
2 bedrooms$1,490$1,341$1,639$1,242
3 bedrooms$2,030$1,827$2,233$1,676
4 bedrooms$2,260$2,034$2,486$1,731

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

Income in ZIP 04961

$52,253average adjusted gross income per tax return (2022)
$32,798average salaries and wages per return
450tax returns filed
34%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00033.3%
$25,000 to $50,00031.1%
$50,000 to $75,00015.6%
$75,000 to $100,0008.9%
$100,000 to $200,00011.1%
$200,000 or more0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 20.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 04961?

HUD's FY2027 Small Area FMRs for ZIP 04961 (Franklin County, ME) are $1,140 efficiency, $1,190 one bedroom, $1,490 two bedrooms, $2,030 three and $2,260 four bedrooms.

What payment standard can a housing authority set in ZIP 04961?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,341 to $1,639.

How affordable is rent in ZIP 04961?

Tax returns filed from ZIP 04961 reported an average adjusted gross income of $52,253 (2022). A two-bedroom unit at the Small Area FMR costs $17,880 a year, or 34% of that income.