ME/Kennebec County/WATERVILLE
WATERVILLE, ME
CityFMR
Kennebec County
Found 2 ZIPs
BRFMR
Eff. Rent
0 BR$1,082$1,150 – $1,190
1 BR$1,090$1,160 – $1,200
2 BR$1,416$1,470 – $1,530
3 BR$1,819$1,880
4 BR$2,158$1,930 – $2,050
5 BR$2,482
6 BR$2,854
7 BR$3,282
8 BR$3,774

Purchase Price Calculator

Maximum purchase price
$160,983

Cost breakdown

+Likely effective rent$1,500
HUD FMR$1,416
Market rent$1,545
Est. payment standard (106%)Used$1,500
Estimated payment standard is $1,500 (106% of FMR).
-Principal and interest-$814
Loan amount$128,786
Down payment$32,197
Rate6.50%
Term30 years
-Operating costs-$486
Property taxes-$161
Insurance-$175
Utilities$0
HOA$0
Management-$150
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,192(75.1% ROI)
Projected value
$173,361
Current value$160,983
Return breakdown
Property appreciation+$12,378
Loan principal paid down+$4,614
Rental cash flow+$7,200
5-year hold
+$41,383(128.5% ROI)
Projected value
$182,137
Current value$160,983
Return breakdown
Property appreciation+$21,154
Loan principal paid down+$8,228
Rental cash flow+$12,000
10-year hold
+$88,695(275.5% ROI)
Projected value
$206,072
Current value$160,983
Return breakdown
Property appreciation+$45,089
Loan principal paid down+$19,606
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio- 1 ZIP
0.80ratio
FMR$1,082
Market$1,350
vs market-$268

FMR is below market; voucher rent may lag private rents.

90% standard$974 / 0.72 ratio110% standard$1,190 / 0.88 ratio
1
Studio- 1 ZIP
0.91ratio
FMR$1,082
Market$1,190
vs market-$108

FMR is near market; voucher and private rents are aligned.

90% standard$974 / 0.82 ratio110% standard$1,190 / 1.00 ratio
1
0.80-0.91
1 BR
1 BR- 1 ZIP
0.87ratio
FMR$1,090
Market$1,260
vs market-$170

FMR is below market; voucher rent may lag private rents.

90% standard$981 / 0.78 ratio110% standard$1,199 / 0.95 ratio
1
1 BR- 1 ZIP
0.91ratio
FMR$1,090
Market$1,200
vs market-$110

FMR is near market; voucher and private rents are aligned.

90% standard$981 / 0.82 ratio110% standard$1,199 / 1.00 ratio
1
0.87-0.91
2 BR
2 BR- 1 ZIP
0.89ratio
FMR$1,416
Market$1,590
vs market-$174

FMR is below market; voucher rent may lag private rents.

90% standard$1,274 / 0.80 ratio110% standard$1,558 / 0.98 ratio
1
2 BR- 1 ZIP
0.94ratio
FMR$1,416
Market$1,500
vs market-$84

FMR is near market; voucher and private rents are aligned.

90% standard$1,274 / 0.85 ratio110% standard$1,558 / 1.04 ratio
1
0.89-0.94
3 BR
3 BR- 2 ZIPs
0.95ratio range
Median FMR$1,819
Median Market$1,915
vs market-$96

FMR is near market; voucher and private rents are aligned.

90% standard$1,637 / 0.85 ratio110% standard$2,001 / 1.04 ratio
2
0.95-0.95
4 BR
4 BR- 1 ZIP
1.05ratio
FMR$2,158
Market$2,050
vs market+$108

FMR is near market; voucher and private rents are aligned.

90% standard$1,942 / 0.95 ratio110% standard$2,374 / 1.16 ratio
1
4 BR- 1 ZIP
1.12ratio
FMR$2,158
Market$1,930
vs market+$228

FMR is above market; underwrite to market rent.

90% standard$1,942 / 1.01 ratio110% standard$2,374 / 1.23 ratio
1
1.05-1.12
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for WATERVILLE, ME (ME) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled FMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

Related ZIPs

WATERVILLE, ME fair market rent and Section 8 rent limits

The FY 2026 HUD Fair Market Rent (FMR) page for WATERVILLE, ME shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,416 and the 4 bedroom fair market rent is $2,158.

Use this page for searches like WATERVILLE, ME FMR, WATERVILLE, ME fair market rent, and WATERVILLE, ME Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for WATERVILLE, ME
Bedroom sizeHUD FMR
Studio$1,082
1 bedroom$1,090
2 bedroom$1,416
3 bedroom$1,819
4 bedroom$2,158