Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Hancock, ME fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Hancock, ME is $1,520 a month. That is unchanged from FY 2026. Hancock is in the Hancock 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 $1,484. The median county two-bedroom FMR in Maine is $1,371, so Hancock is 11% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Hancock, ME
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,240
$1,190
−4.0%
$1,071–$1,309
1BR
$1,250
$1,200
−4.0%
$1,080–$1,320
2BR
$1,520
$1,520
0.0%
$1,368–$1,672
3BR
$2,070
$2,100
+1.4%
$1,890–$2,310
4BR
$2,080
$2,250
+8.2%
$2,025–$2,475
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Hancock, ME
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,190
$1,200
$1,520
$2,100
$2,250
FY 2026
$1,240
$1,250
$1,520
$2,070
$2,080
FY 2025
$1,000
$1,010
$1,190
$1,570
$1,580
FY 2024area FMR
$996
$1,002
$1,188
$1,576
$1,582
FY 2023area FMR
$877
$882
$1,036
$1,383
$1,392
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Hancock, ME rents
How much will Section 8 pay for a two-bedroom in Hancock, ME?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,484, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,336 to $1,632 a month; under the ZIP-level Small Area FMR of $1,520 it would be $1,368 to $1,672. 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 Hancock, ME in?
Hancock, ME is in the Hancock County, ME non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,484.
How much did fair market rent change in Hancock, ME for FY 2027?
The two-bedroom FMR was unchanged at $1,520 in FY 2027. Since FY 2025 it has risen 27.7%.
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