FMR is near market; voucher and private rents are aligned.
1.01
1 BR
1 BR- 04461
1.00ratio
FMR$1,230
Market$1,230
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
2 BR
2 BR- 04461
1.05ratio
FMR$1,540
Market$1,460
vs market+$80
FMR is near market; voucher and private rents are aligned.
1.05
3 BR
3 BR- 04461
1.15ratio
FMR$1,970
Market$1,720
vs market+$250
FMR is above market; underwrite to market rent.
1.15
4 BR
4 BR- 04461
1.09ratio
FMR$2,230
Market$2,050
vs market+$180
FMR is near market; voucher and private rents are aligned.
1.09
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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Milford, ME fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Milford, ME is $1,540 a month. That is down 4.3% from $1,610 in FY 2026. Milford is in the Penobscot County, ME (part) HUD Metro 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 metro-wide two-bedroom FMR of $1,496. The median county two-bedroom FMR in Maine is $1,371, so Milford is 12% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Milford, ME
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,210
$1,170
−3.3%
$1,053–$1,287
1BR
$1,270
$1,230
−3.1%
$1,107–$1,353
2BR
$1,610
$1,540
−4.3%
$1,386–$1,694
3BR
$2,070
$1,970
−4.8%
$1,773–$2,167
4BR
$2,180
$2,230
+2.3%
$2,007–$2,453
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Milford, ME
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,170
$1,230
$1,540
$1,970
$2,230
FY 2026
$1,210
$1,270
$1,610
$2,070
$2,180
FY 2025
$1,080
$1,170
$1,490
$1,910
$1,980
FY 2024
$940
$1,030
$1,320
$1,690
$1,820
FY 2023
$890
$1,010
$1,300
$1,640
$1,860
Questions about Milford, ME rents
How much will Section 8 pay for a two-bedroom in Milford, ME?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,496, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,346 to $1,646 a month; under the ZIP-level Small Area FMR of $1,540 it would be $1,386 to $1,694. 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 Milford, ME in?
Milford, ME is in the Penobscot County, ME (part) HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,496.
How much did fair market rent change in Milford, ME for FY 2027?
The two-bedroom FMR fell 4.3%, from $1,610 in FY 2026 to $1,540 in FY 2027. Since FY 2023 it has risen 18.5%.
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