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Sagadahoc County/Bowdoinham/04008

04008

ZIPSAFMR
Sagadahoc County, ME
Zillow

ZIP Investment Score

74Below average

095130300
BRFMR
Eff. Rent
0 BR$1,280$1,280
1 BR$1,440$1,440
2 BR$1,740$1,740
3 BR$2,410$2,410
4 BR$2,840$2,840
5 BR$3,266Not available
6 BR$3,756Not available
7 BR$4,319Not available
8 BR$4,967Not available

Purchase Price Calculator

Maximum purchase price
$196,647

Cost breakdown

+Likely effective rent$1,740
HUD FMRUsed$1,740
Market rentN/A
Est. payment standardN/A
-Principal and interest-$994
Loan amount$157,317
Down payment$39,329
Rate6.50%
Term30 years
-Operating costs-$546
Property taxes-$197
Insurance-$175
Utilities$0
HOA$0
Management-$174
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,957(71.1% ROI)
Projected value
$211,767
Return breakdown
Property appreciation+$15,120
Loan principal paid down+$5,636
Rental cash flow+$7,200
5-year hold
+$47,892(121.8% ROI)
Projected value
$222,488
Return breakdown
Property appreciation+$25,841
Loan principal paid down+$10,051
Rental cash flow+$12,000
10-year hold
+$103,028(262.0% ROI)
Projected value
$251,725
Return breakdown
Property appreciation+$55,078
Loan principal paid down+$23,950
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
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Tax rate
--
Mortgage rate
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ZIP 04008 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04008 (Bowdoinham, ME) is $1,740 a month. That is up 4.8% from $1,660 in FY 2026. Bowdoinham is in the Sagadahoc County, ME 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 $1,659. Among 13 ZIP codes in Sagadahoc County, 04008 has the 6th-highest two-bedroom rent (county range $1,420–$2,210). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04008 is 27% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04008
BedroomsFY 2027Change90–110% range
Studio$1,280+10.3%$1,152–$1,408
1BR$1,440+8.3%$1,296–$1,584
2BR$1,740+4.8%$1,566–$1,914
3BR$2,410+4.3%$2,169–$2,651
4BR$2,840+2.2%$2,556–$3,124

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04008
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,280$1,440$1,740$2,410$2,840
FY 2026$1,160$1,330$1,660$2,310$2,780
FY 2025$1,090$1,230$1,510$2,120$2,540
FY 2024$950$1,140$1,400$1,970$2,380
FY 2023$850$1,050$1,270$1,740$2,080

Two-bedroom rent in nearby Sagadahoc County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04008
04008Current$1,740—
04011$2,020+16.1%
04086$2,210+27.0%
04252$1,970+13.2%
04280$1,640−5.7%
04287$1,800+3.4%
04345$1,420−18.4%
04357$1,570−9.8%
04530$1,540−11.5%
04548$1,700−2.3%
04562$1,630−6.3%
04565$1,660−4.6%

Questions about ZIP 04008 rents

How much will Section 8 pay for a two-bedroom in ZIP 04008?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,659, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,493 to $1,825 a month; under the ZIP-level Small Area FMR of $1,740 it would be $1,566 to $1,914. 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 04008 in?

ZIP 04008 is in the Sagadahoc County, ME HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,659.

How much did fair market rent change in ZIP 04008 for FY 2027?

The two-bedroom FMR rose 4.8%, from $1,660 in FY 2026 to $1,740 in FY 2027. Since FY 2023 it has risen 37.0%.

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