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ME/Franklin County/Farmington Falls

Farmington Falls, ME

CitySAFMR
Franklin County
Found 1 ZIP
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City Median Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$880$970
1 BR$960$1,060
2 BR$1,260$1,310
3 BR$1,740$1,740
4 BR$2,110$1,630
5 BR$2,427Not available
6 BR$2,790Not available
7 BR$3,209Not available
8 BR$3,690Not available

Purchase Price Calculator

Maximum purchase price
$132,749

Cost breakdown

+Likely effective rent$1,310
HUD FMR$1,260
Market rent$1,330
Est. payment standard (104%)Used$1,310
-Principal and interest-$671
Loan amount$106,199
Down payment$26,550
Rate6.50%
Term30 years
-Operating costs-$439
Property taxes-$133
Insurance-$175
Utilities$0
HOA$0
Management-$131
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,212(79.9% ROI)
Projected value
$142,956
Return breakdown
Property appreciation+$10,207
Loan principal paid down+$3,805
Rental cash flow+$7,200
5-year hold
+$36,229(136.5% ROI)
Projected value
$150,193
Return breakdown
Property appreciation+$17,444
Loan principal paid down+$6,785
Rental cash flow+$12,000
10-year hold
+$77,349(291.3% ROI)
Projected value
$169,930
Return breakdown
Property appreciation+$37,181
Loan principal paid down+$16,168
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.75
1 BR
0.76
2 BR
0.95
4 BR
1.29
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Farmington Falls, ME fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Farmington Falls, ME is $1,260 a month. That is down 4.5% from $1,320 in FY 2026. Farmington Falls is in the Franklin County, ME non-metropolitan 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 county-wide two-bedroom FMR of $1,264. The median county two-bedroom FMR in Maine is $1,371, so Farmington Falls is 8% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Farmington Falls, ME
BedroomsFY 2027Change90–110% range
Studio$880−3.3%$792–$968
1BR$960−5.0%$864–$1,056
2BR$1,260−4.5%$1,134–$1,386
3BR$1,740−0.6%$1,566–$1,914
4BR$2,110+20.6%$1,899–$2,321

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Farmington Falls, ME
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$880$960$1,260$1,740$2,110
FY 2026$910$1,010$1,320$1,750$1,750
FY 2025$770$870$1,140$1,500$1,510
FY 2024area FMR$723$812$1,067$1,416$1,421
FY 2023area FMR$632$713$939$1,257$1,261

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Questions about Farmington Falls, ME rents

How much will Section 8 pay for a two-bedroom in Farmington Falls, ME?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,264, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,138 to $1,390 a month; under the ZIP-level Small Area FMR of $1,260 it would be $1,134 to $1,386. 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 Farmington Falls, ME in?

Farmington Falls, ME is in the Franklin County, ME non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,264.

How much did fair market rent change in Farmington Falls, ME for FY 2027?

The two-bedroom FMR fell 4.5%, from $1,320 in FY 2026 to $1,260 in FY 2027. Since FY 2025 it has risen 10.5%.

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