FMR is below market; voucher rent may lag private rents.
0.80
1 BR
1 BR- 03902
0.86ratio
FMR$1,780
Market$2,080
vs market-$300
FMR is below market; voucher rent may lag private rents.
0.86
2 BR
2 BR- 03902
0.98ratio
FMR$2,270
Market$2,320
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.98
3 BR
3 BR- 03902
1.05ratio
FMR$2,820
Market$2,690
vs market+$130
FMR is near market; voucher and private rents are aligned.
1.05
4 BR
4 BR- 03902
1.15ratio
FMR$3,330
Market$2,890
vs market+$440
FMR is above market; underwrite to market rent.
1.15
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Cape Neddick, ME fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Cape Neddick, ME is $2,270 a month. That is up 1.8% from $2,230 in FY 2026. Cape Neddick is in the York County, ME (part) HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,792. The median county two-bedroom FMR in Maine is $1,371, so Cape Neddick is 66% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Cape Neddick, ME
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,570
$1,620
+3.2%
$1,458–$1,782
1BR
$1,740
$1,780
+2.3%
$1,602–$1,958
2BR
$2,230
$2,270
+1.8%
$2,043–$2,497
3BR
$2,770
$2,820
+1.8%
$2,538–$3,102
4BR
$3,630
$3,330
−8.3%
$2,997–$3,663
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Cape Neddick, ME
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,620
$1,780
$2,270
$2,820
$3,330
FY 2026
$1,570
$1,740
$2,230
$2,770
$3,630
FY 2025
$1,440
$1,630
$2,070
$2,690
$3,350
FY 2024
$1,250
$1,400
$1,810
$2,380
$2,950
FY 2023
$1,220
$1,340
$1,740
$2,360
$2,850
Questions about Cape Neddick, ME rents
How much will Section 8 pay for a two-bedroom in Cape Neddick, ME?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,792, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,613 to $1,971 a month; under the ZIP-level Small Area FMR of $2,270 it would be $2,043 to $2,497. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Cape Neddick, ME in?
Cape Neddick, ME is in the York County, ME (part) HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,792.
How much did fair market rent change in Cape Neddick, ME for FY 2027?
The two-bedroom FMR rose 1.8%, from $2,230 in FY 2026 to $2,270 in FY 2027. Since FY 2023 it has risen 30.5%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set