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York County/Biddeford/04005

04005

ZIPSAFMR
York County, ME
Zillow

ZIP Investment Score

56Below average

095130300
BRFMR
Eff. Rent
0 BR$1,330$1,460
1 BR$1,500$1,650
2 BR$1,920$2,110
3 BR$2,410$2,500
4 BR$2,710$2,730
5 BR$3,116Not available
6 BR$3,584Not available
7 BR$4,122Not available
8 BR$4,740Not available

Purchase Price Calculator

Maximum purchase price
$251,629

Cost breakdown

+Likely effective rent$2,110
HUD FMR$1,920
Market rent$2,560
Est. payment standard (110%)Used$2,110
-Principal and interest-$1,272
Loan amount$201,303
Down payment$50,326
Rate6.50%
Term30 years
-Operating costs-$638
Property taxes-$252
Insurance-$175
Utilities$0
HOA$0
Management-$211
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,760(67.1% ROI)
Projected value
$270,977
Return breakdown
Property appreciation+$19,348
Loan principal paid down+$7,212
Rental cash flow+$7,200
5-year hold
+$57,927(115.1% ROI)
Projected value
$284,695
Return breakdown
Property appreciation+$33,066
Loan principal paid down+$12,861
Rental cash flow+$12,000
10-year hold
+$125,123(248.6% ROI)
Projected value
$322,106
Return breakdown
Property appreciation+$70,477
Loan principal paid down+$30,646
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.79
1 BR
0.69
2 BR
0.75
3 BR
0.95
4 BR
0.99
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 04005 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04005 (Biddeford, ME) is $1,920 a month. That is up 6.1% from $1,810 in FY 2026. Biddeford is in the York 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 $1,792. Among 43 ZIP codes in York County, 04005 is tied for the 19th-highest two-bedroom rent (county range $1,550–$3,010). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04005 is 40% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04005
BedroomsFY 2027Change90–110% range
Studio$1,330+6.4%$1,197–$1,463
1BR$1,500+6.4%$1,350–$1,650
2BR$1,920+6.1%$1,728–$2,112
3BR$2,410+8.6%$2,169–$2,651
4BR$2,710+8.8%$2,439–$2,981

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04005
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,330$1,500$1,920$2,410$2,710
FY 2026$1,250$1,410$1,810$2,220$2,490
FY 2025$1,190$1,370$1,760$2,180$2,470
FY 2024$980$1,080$1,350$1,770$1,940
FY 2023$990$1,050$1,300$1,690$1,900

Two-bedroom rent in nearby York County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04005
04001$1,550−19.3%
04002$1,550−19.3%
04004$1,990+3.6%
04005Current$1,920—
04006$1,750−8.9%
04014$1,880−2.1%
04020$1,740−9.4%
04027$1,890−1.6%
04028$1,880−2.1%
04030$1,820−5.2%
04038$2,210+15.1%
04042$1,9200.0%

Questions about ZIP 04005 rents

How much will Section 8 pay for a two-bedroom in ZIP 04005?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,792, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,613 to $1,971 a month; under the ZIP-level Small Area FMR of $1,920 it would be $1,728 to $2,112. 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 ZIP 04005 in?

ZIP 04005 is in the York County, ME (part) HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,792.

How much did fair market rent change in ZIP 04005 for FY 2027?

The two-bedroom FMR rose 6.1%, from $1,810 in FY 2026 to $1,920 in FY 2027. Since FY 2023 it has risen 47.7%.

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

County fair market rentBiddeford, ME fair market rentME statewide rentsWhat is SAFMR?Data sources