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Cumberland County/Freeport/04032

04032

ZIPSAFMR
Cumberland County, ME
Zillow

ZIP Investment Score

48Below average

095130300
BRFMR
Eff. Rent
0 BR$1,580$1,740
1 BR$1,800$1,980
2 BR$2,270$2,500
3 BR$2,800$2,880
4 BR$2,980$3,000
5 BR$3,427Not available
6 BR$3,941Not available
7 BR$4,532Not available
8 BR$5,212Not available

Purchase Price Calculator

Maximum purchase price
$309,582

Cost breakdown

+Likely effective rent$2,500
HUD FMR$2,270
Market rent$2,710
Est. payment standard (110%)Used$2,500
-Principal and interest-$1,565
Loan amount$247,666
Down payment$61,916
Rate6.50%
Term30 years
-Operating costs-$735
Property taxes-$310
Insurance-$175
Utilities$0
HOA$0
Management-$250
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$39,877(64.4% ROI)
Projected value
$333,386
Return breakdown
Property appreciation+$23,804
Loan principal paid down+$8,873
Rental cash flow+$7,200
5-year hold
+$68,505(110.6% ROI)
Projected value
$350,264
Return breakdown
Property appreciation+$40,682
Loan principal paid down+$15,823
Rental cash flow+$12,000
10-year hold
+$148,414(239.7% ROI)
Projected value
$396,292
Return breakdown
Property appreciation+$86,709
Loan principal paid down+$37,704
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.76
1 BR
0.78
2 BR
0.84
3 BR
0.96
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 04032 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04032 (Freeport, ME) is $2,270 a month. That is up 2.7% from $2,210 in FY 2026. Freeport is in the Cumberland 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 $1,941. Among 53 ZIP codes in Cumberland County, 04032 is tied for the 28th-highest two-bedroom rent (county range $1,650–$3,440). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04032 is 66% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04032
BedroomsFY 2027Change90–110% range
Studio$1,580+3.9%$1,422–$1,738
1BR$1,800+4.7%$1,620–$1,980
2BR$2,270+2.7%$2,043–$2,497
3BR$2,800+4.1%$2,520–$3,080
4BR$2,980+1.7%$2,682–$3,278

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04032
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,580$1,800$2,270$2,800$2,980
FY 2026$1,520$1,720$2,210$2,690$2,930
FY 2025$1,490$1,690$2,180$2,670$3,000
FY 2024$1,460$1,670$2,150$2,670$3,030
FY 2023$1,350$1,570$2,020$2,550$2,970

Two-bedroom rent in nearby Cumberland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04032
04015$1,920−15.4%
04017$3,140+38.3%
04019$3,250+43.2%
04021$2,990+31.7%
04022$1,650−27.3%
04024$2,100−7.5%
04029$1,980−12.8%
04032Current$2,270—
04033$2,340+3.1%
04038$2,210−2.6%
04039$2,100−7.5%
04040$1,650−27.3%

Questions about ZIP 04032 rents

How much will Section 8 pay for a two-bedroom in ZIP 04032?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,941, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,747 to $2,135 a month; under the ZIP-level Small Area FMR of $2,270 it would be $2,043 to $2,497. 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 04032 in?

ZIP 04032 is in the Cumberland County, ME (part) HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,941.

How much did fair market rent change in ZIP 04032 for FY 2027?

The two-bedroom FMR rose 2.7%, from $2,210 in FY 2026 to $2,270 in FY 2027. Since FY 2023 it has risen 12.4%.

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