FMR is below market; voucher rent may lag private rents.
0.72
1 BR
1 BR- 04108
0.70ratio
FMR$1,800
Market$2,570
vs market-$770
FMR is below market; voucher rent may lag private rents.
0.70
2 BR
2 BR- 04108
0.76ratio
FMR$2,270
Market$2,980
vs market-$710
FMR is below market; voucher rent may lag private rents.
0.76
4 BR
4 BR- 04108
0.84ratio
FMR$2,980
Market$3,540
vs market-$560
FMR is below market; voucher rent may lag private rents.
0.84
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
--
Peaks Island, ME fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Peaks Island, ME is $2,270 a month. That is up 14.6% from $1,980 in FY 2026. Peaks Island is in the Cumberland 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 $1,941. The median county two-bedroom FMR in Maine is $1,371, so Peaks Island is 66% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Peaks Island, ME
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,370
$1,580
+15.3%
$1,422–$1,738
1BR
$1,540
$1,800
+16.9%
$1,620–$1,980
2BR
$1,980
$2,270
+14.6%
$2,043–$2,497
3BR
$2,410
$2,800
+16.2%
$2,520–$3,080
4BR
$2,620
$2,980
+13.7%
$2,682–$3,278
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Peaks Island, ME
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,580
$1,800
$2,270
$2,800
$2,980
FY 2026
$1,370
$1,540
$1,980
$2,410
$2,620
FY 2025
$1,280
$1,450
$1,860
$2,280
$2,560
FY 2024
$1,120
$1,310
$1,680
$2,110
$2,460
FY 2023
$1,140
$1,330
$1,710
$2,160
$2,510
Questions about Peaks Island, ME rents
How much will Section 8 pay for a two-bedroom in Peaks Island, ME?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,941, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,747 to $2,135 a month; under the ZIP-level Small Area FMR of $2,270 it would be $2,043 to $2,497. 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 Peaks Island, ME in?
Peaks Island, ME is in the Cumberland County, ME (part) HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,941.
How much did fair market rent change in Peaks Island, ME for FY 2027?
The two-bedroom FMR rose 14.6%, from $1,980 in FY 2026 to $2,270 in FY 2027. Since FY 2023 it has risen 32.7%.
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