Skip to main content
Loading page
Cumberland County/Naples/04055

04055

ZIPSAFMR
Cumberland County, ME
Zillow

ZIP Investment Score

91Below average

095130300
BRFMR
Eff. Rent
0 BR$2,040$2,040
1 BR$2,060$2,060
2 BR$2,560$2,560
3 BR$3,200$3,200
4 BR$4,280$4,280
5 BR$4,922Not available
6 BR$5,660Not available
7 BR$6,509Not available
8 BR$7,486Not available

Purchase Price Calculator

Maximum purchase price
$318,498

Cost breakdown

+Likely effective rent$2,560
HUD FMRUsed$2,560
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,611
Loan amount$254,799
Down payment$63,700
Rate6.50%
Term30 years
-Operating costs-$749
Property taxes-$318
Insurance-$175
Utilities$0
HOA$0
Management-$256
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,818(64.1% ROI)
Projected value
$342,988
Return breakdown
Property appreciation+$24,490
Loan principal paid down+$9,129
Rental cash flow+$7,200
5-year hold
+$70,132(110.1% ROI)
Projected value
$360,352
Return breakdown
Property appreciation+$41,853
Loan principal paid down+$16,279
Rental cash flow+$12,000
10-year hold
+$151,997(238.6% ROI)
Projected value
$407,705
Return breakdown
Property appreciation+$89,206
Loan principal paid down+$38,790
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
--

ZIP 04055 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04055 (Naples, ME) is $2,560 a month. That is up 14.8% from $2,230 in FY 2026. Naples 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, 04055 has the 11th-highest two-bedroom rent (county range $1,650–$3,440). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04055 is 87% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04055
BedroomsFY 2027Change90–110% range
Studio$2,040+32.5%$1,836–$2,244
1BR$2,060+21.2%$1,854–$2,266
2BR$2,560+14.8%$2,304–$2,816
3BR$3,200+10.3%$2,880–$3,520
4BR$4,280+15.7%$3,852–$4,708

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04055
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,040$2,060$2,560$3,200$4,280
FY 2026$1,540$1,700$2,230$2,900$3,700
FY 2025$1,510$1,680$2,200$2,760$3,360
FY 2024$1,250$1,400$1,840$2,290$2,710
FY 2023$1,180$1,320$1,740$2,190$2,370

Two-bedroom rent in nearby Cumberland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04055
04038$2,210−13.7%
04039$2,100−18.0%
04040$1,650−35.5%
04050$3,440+34.4%
04055Current$2,560—
04057$1,690−34.0%
04062$1,960−23.4%
04066$1,890−26.2%
04069$2,230−12.9%
04070$2,340−8.6%
04071$2,060−19.5%
04072$2,070−19.1%

Questions about ZIP 04055 rents

How much will Section 8 pay for a two-bedroom in ZIP 04055?

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 $2,560 it would be $2,304 to $2,816. 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 04055 in?

ZIP 04055 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 04055 for FY 2027?

The two-bedroom FMR rose 14.8%, from $2,230 in FY 2026 to $2,560 in FY 2027. Since FY 2023 it has risen 47.1%.

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

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