FMR is near market; voucher and private rents are aligned.
1.09
1 BR
1 BR- 04950
1.06ratio
FMR$1,220
Market$1,150
vs market+$70
FMR is near market; voucher and private rents are aligned.
1.06
2 BR
2 BR- 04950
0.93ratio
FMR$1,460
Market$1,570
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.93
3 BR
3 BR- 04950
1.22ratio
FMR$1,970
Market$1,610
vs market+$360
FMR is above market; underwrite to market rent.
1.22
4 BR
4 BR- 04950
1.23ratio
FMR$2,030
Market$1,650
vs market+$380
FMR is above market; underwrite to market rent.
1.23
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
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Madison, ME fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Madison, ME is $1,460 a month. That is down 3.9% from $1,520 in FY 2026. Madison is in the Somerset 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 $1,242. The median county two-bedroom FMR in Maine is $1,371, so Madison is 7% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Madison, ME
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,220
$1,210
−0.8%
$1,089–$1,331
1BR
$1,300
$1,220
−6.2%
$1,098–$1,342
2BR
$1,520
$1,460
−3.9%
$1,314–$1,606
3BR
$2,030
$1,970
−3.0%
$1,773–$2,167
4BR
$2,180
$2,030
−6.9%
$1,827–$2,233
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Madison, ME
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,210
$1,220
$1,460
$1,970
$2,030
FY 2026
$1,220
$1,300
$1,520
$2,030
$2,180
FY 2025
$1,000
$1,080
$1,250
$1,600
$1,790
FY 2024area FMR
$815
$846
$1,026
$1,269
$1,465
FY 2023area FMR
$717
$721
$920
$1,140
$1,288
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Madison, ME rents
How much will Section 8 pay for a two-bedroom in Madison, ME?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,242, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,118 to $1,366 a month; under the ZIP-level Small Area FMR of $1,460 it would be $1,314 to $1,606. 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 Madison, ME in?
Madison, ME is in the Somerset County, ME non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,242.
How much did fair market rent change in Madison, ME for FY 2027?
The two-bedroom FMR fell 3.9%, from $1,520 in FY 2026 to $1,460 in FY 2027. Since FY 2025 it has risen 16.8%.
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