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ME/Hancock County/Seal Cove

Seal Cove, ME

CitySAFMR
Hancock County
Found 1 ZIP

City Median Investment Score

56Below average

095130300
BRFMR
Eff. Rent
0 BR$1,220$1,220
1 BR$1,230$1,230
2 BR$1,560$1,560
3 BR$2,150$2,150
4 BR$2,310$2,310
5 BR$2,657Not available
6 BR$3,055Not available
7 BR$3,513Not available
8 BR$4,040Not available

Purchase Price Calculator

Maximum purchase price
$169,899

Cost breakdown

+Likely effective rent$1,560
HUD FMRUsed$1,560
Market rentN/A
Est. payment standardN/A
-Principal and interest-$859
Loan amount$135,919
Down payment$33,980
Rate6.50%
Term30 years
-Operating costs-$501
Property taxes-$170
Insurance-$175
Utilities$0
HOA$0
Management-$156
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,133(74.0% ROI)
Projected value
$182,962
Return breakdown
Property appreciation+$13,064
Loan principal paid down+$4,870
Rental cash flow+$7,200
5-year hold
+$43,010(126.6% ROI)
Projected value
$192,225
Return breakdown
Property appreciation+$22,326
Loan principal paid down+$8,684
Rental cash flow+$12,000
10-year hold
+$92,278(271.6% ROI)
Projected value
$217,485
Return breakdown
Property appreciation+$47,586
Loan principal paid down+$20,692
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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Seal Cove, ME fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Seal Cove, ME is $1,560 a month. That is down 1.9% from $1,590 in FY 2026. Seal Cove 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 Seal Cove is 14% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Seal Cove, ME
BedroomsFY 2027Change90–110% range
Studio$1,220−6.2%$1,098–$1,342
1BR$1,230−6.1%$1,107–$1,353
2BR$1,560−1.9%$1,404–$1,716
3BR$2,150−0.9%$1,935–$2,365
4BR$2,310+6.0%$2,079–$2,541

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Seal Cove, ME
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,220$1,230$1,560$2,150$2,310
FY 2026$1,300$1,310$1,590$2,170$2,180
FY 2025$1,120$1,120$1,330$1,750$1,760
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 Seal Cove, ME rents

How much will Section 8 pay for a two-bedroom in Seal Cove, 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 $1,560 it would be $1,404 to $1,716. 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 Seal Cove, ME in?

Seal Cove, 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 Seal Cove, ME for FY 2027?

The two-bedroom FMR fell 1.9%, from $1,590 in FY 2026 to $1,560 in FY 2027. Since FY 2025 it has risen 17.3%.

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