FMR is near market; voucher and private rents are aligned.
1.02
1 BR
1 BR- 04438
0.97ratio
FMR$1,280
Market$1,320
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.97
2 BR
2 BR- 04438
1.04ratio
FMR$1,530
Market$1,470
vs market+$60
FMR is near market; voucher and private rents are aligned.
1.04
3 BR
3 BR- 04438
1.29ratio
FMR$1,980
Market$1,530
vs market+$450
FMR is above market; underwrite to market rent.
1.29
4 BR
4 BR- 04438
1.50ratio
FMR$2,210
Market$1,470
vs market+$740
FMR is above market; underwrite to market rent.
1.50
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
--
Frankfort, ME fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Frankfort, ME is $1,530 a month. That is up 3.4% from $1,480 in FY 2026. Frankfort is in the Waldo 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 $1,367. The median county two-bedroom FMR in Maine is $1,371, so Frankfort is 12% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Frankfort, ME
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,190
$1,260
+5.9%
$1,134–$1,386
1BR
$1,190
$1,280
+7.6%
$1,152–$1,408
2BR
$1,480
$1,530
+3.4%
$1,377–$1,683
3BR
$1,910
$1,980
+3.7%
$1,782–$2,178
4BR
$2,080
$2,210
+6.3%
$1,989–$2,431
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Frankfort, ME
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,260
$1,280
$1,530
$1,980
$2,210
FY 2026
$1,190
$1,190
$1,480
$1,910
$2,080
FY 2025
$960
$970
$1,230
$1,600
$1,710
FY 2024area FMR
$886
$892
$1,160
$1,431
$1,606
FY 2023area FMR
$891
$896
$1,142
$1,390
$1,694
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Frankfort, ME rents
How much will Section 8 pay for a two-bedroom in Frankfort, ME?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,367, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,230 to $1,504 a month; under the ZIP-level Small Area FMR of $1,530 it would be $1,377 to $1,683. 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 Frankfort, ME in?
Frankfort, ME is in the Waldo County, ME non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,367.
How much did fair market rent change in Frankfort, ME for FY 2027?
The two-bedroom FMR rose 3.4%, from $1,480 in FY 2026 to $1,530 in FY 2027. Since FY 2025 it has risen 24.4%.
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