Skip to main content
Loading page
ME/Somerset County/West Forks

West Forks, ME

CitySAFMR
Somerset County
Found 1 ZIP

City Median Investment Score

53Below average

095130300
BRFMR
Eff. Rent
0 BR$1,030$1,030
1 BR$1,040$1,040
2 BR$1,240$1,240
3 BR$1,670$1,670
4 BR$1,730$1,730
5 BR$1,989Not available
6 BR$2,288Not available
7 BR$2,631Not available
8 BR$3,026Not available

Purchase Price Calculator

Maximum purchase price
$122,347

Cost breakdown

+Likely effective rent$1,240
HUD FMRUsed$1,240
Market rentN/A
Est. payment standardN/A
-Principal and interest-$619
Loan amount$97,878
Down payment$24,469
Rate6.50%
Term30 years
-Operating costs-$421
Property taxes-$122
Insurance-$175
Utilities$0
HOA$0
Management-$124
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,114(82.2% ROI)
Projected value
$131,754
Return breakdown
Property appreciation+$9,407
Loan principal paid down+$3,507
Rental cash flow+$7,200
5-year hold
+$34,331(140.3% ROI)
Projected value
$138,424
Return breakdown
Property appreciation+$16,077
Loan principal paid down+$6,253
Rental cash flow+$12,000
10-year hold
+$73,168(299.0% ROI)
Projected value
$156,615
Return breakdown
Property appreciation+$34,268
Loan principal paid down+$14,901
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

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
--

West Forks, ME fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in West Forks, ME is $1,240 a month. That is down 2.4% from $1,270 in FY 2026. West Forks 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 West Forks is 10% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for West Forks, ME
BedroomsFY 2027Change90–110% range
Studio$1,030+1.0%$927–$1,133
1BR$1,040−4.6%$936–$1,144
2BR$1,240−2.4%$1,116–$1,364
3BR$1,670−1.2%$1,503–$1,837
4BR$1,730−4.9%$1,557–$1,903

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for West Forks, ME
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,030$1,040$1,240$1,670$1,730
FY 2026$1,020$1,090$1,270$1,690$1,820
FY 2025$840$910$1,050$1,350$1,510
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 West Forks, ME rents

How much will Section 8 pay for a two-bedroom in West Forks, 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 $1,240 it would be $1,116 to $1,364. 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 West Forks, ME in?

West Forks, 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 West Forks, ME for FY 2027?

The two-bedroom FMR fell 2.4%, from $1,270 in FY 2026 to $1,240 in FY 2027. Since FY 2025 it has risen 18.1%.

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