FMR is below market; voucher rent may lag private rents.
0.79
1 BR
1 BR- 04938
0.82ratio
FMR$990
Market$1,200
vs market-$210
FMR is below market; voucher rent may lag private rents.
0.82
2 BR
2 BR- 04938
1.00ratio
FMR$1,300
Market$1,300
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
3 BR
3 BR- 04938
1.18ratio
FMR$1,800
Market$1,520
vs market+$280
FMR is above market; underwrite to market rent.
1.18
4 BR
4 BR- 04938
1.33ratio
FMR$2,170
Market$1,630
vs market+$540
FMR is above market; underwrite to market rent.
1.33
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
--
Farmington, ME fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Farmington, ME is $1,300 a month. That is down 4.4% from $1,360 in FY 2026. Farmington 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 is 5% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Farmington, ME
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$940
$910
−3.2%
$819–$1,001
1BR
$1,040
$990
−4.8%
$891–$1,089
2BR
$1,360
$1,300
−4.4%
$1,170–$1,430
3BR
$1,800
$1,800
0.0%
$1,620–$1,980
4BR
$1,810
$2,170
+19.9%
$1,953–$2,387
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Farmington, ME
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$910
$990
$1,300
$1,800
$2,170
FY 2026
$940
$1,040
$1,360
$1,800
$1,810
FY 2025
$770
$860
$1,130
$1,490
$1,500
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, ME rents
How much will Section 8 pay for a two-bedroom in Farmington, 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 $1,300 it would be $1,170 to $1,430. 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, ME in?
Farmington, 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, ME for FY 2027?
The two-bedroom FMR fell 4.4%, from $1,360 in FY 2026 to $1,300 in FY 2027. Since FY 2025 it has risen 15.0%.
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