Skip to main content
Loading page
Cumberland County/Gray/04039

04039

ZIPSAFMR
Cumberland County, ME
Zillow

ZIP Investment Score

52Below average

095130300
BRFMR
Eff. Rent
0 BR$1,460$1,610
1 BR$1,660$1,830
2 BR$2,100$2,190
3 BR$2,590$2,360
4 BR$2,760$2,480
5 BR$3,174Not available
6 BR$3,650Not available
7 BR$4,198Not available
8 BR$4,827Not available

Purchase Price Calculator

Maximum purchase price
$263,517

Cost breakdown

+Likely effective rent$2,190
HUD FMR$2,100
Market rent$2,240
Est. payment standard (104%)Used$2,190
-Principal and interest-$1,332
Loan amount$210,813
Down payment$52,703
Rate6.50%
Term30 years
-Operating costs-$658
Property taxes-$264
Insurance-$175
Utilities$0
HOA$0
Management-$219
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,015(66.4% ROI)
Projected value
$283,779
Return breakdown
Property appreciation+$20,262
Loan principal paid down+$7,553
Rental cash flow+$7,200
5-year hold
+$60,097(114.0% ROI)
Projected value
$298,145
Return breakdown
Property appreciation+$34,628
Loan principal paid down+$13,469
Rental cash flow+$12,000
10-year hold
+$129,901(246.5% ROI)
Projected value
$337,324
Return breakdown
Property appreciation+$73,807
Loan principal paid down+$32,094
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.69
1 BR
0.80
2 BR
0.94
3 BR
1.10
4 BR
1.11
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 04039 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04039 (Gray, ME) is $2,100 a month. That is up 7.1% from $1,960 in FY 2026. Gray 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, 04039 is tied for the 36th-highest two-bedroom rent (county range $1,650–$3,440). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04039 is 53% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04039
BedroomsFY 2027Change90–110% range
Studio$1,460+8.1%$1,314–$1,606
1BR$1,660+8.5%$1,494–$1,826
2BR$2,100+7.1%$1,890–$2,310
3BR$2,590+8.8%$2,331–$2,849
4BR$2,760+6.2%$2,484–$3,036

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04039
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,460$1,660$2,100$2,590$2,760
FY 2026$1,350$1,530$1,960$2,380$2,600
FY 2025$1,290$1,460$1,880$2,300$2,580
FY 2024$1,220$1,400$1,800$2,240$2,540
FY 2023$1,160$1,350$1,730$2,180$2,540

Two-bedroom rent in nearby Cumberland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04039
04021$2,990+42.4%
04022$1,650−21.4%
04024$2,1000.0%
04029$1,980−5.7%
04032$2,270+8.1%
04033$2,340+11.4%
04038$2,210+5.2%
04039Current$2,100—
04040$1,650−21.4%
04050$3,440+63.8%
04055$2,560+21.9%
04057$1,690−19.5%

Questions about ZIP 04039 rents

How much will Section 8 pay for a two-bedroom in ZIP 04039?

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 $2,100 it would be $1,890 to $2,310. 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 04039 in?

ZIP 04039 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 04039 for FY 2027?

The two-bedroom FMR rose 7.1%, from $1,960 in FY 2026 to $2,100 in FY 2027. Since FY 2023 it has risen 21.4%.

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