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York County/Newfield/04056

04056

ZIPSAFMR
York County, ME
Zillow

ZIP Investment Score

63Below average

095130300
BRFMR
Eff. Rent
0 BR$1,380$1,380
1 BR$1,520$1,520
2 BR$1,820$1,820
3 BR$2,500$2,500
4 BR$2,820$2,820
5 BR$3,243Not available
6 BR$3,729Not available
7 BR$4,289Not available
8 BR$4,932Not available

Purchase Price Calculator

Maximum purchase price
$208,535

Cost breakdown

+Likely effective rent$1,820
HUD FMRUsed$1,820
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,054
Loan amount$166,828
Down payment$41,707
Rate6.50%
Term30 years
-Operating costs-$566
Property taxes-$209
Insurance-$175
Utilities$0
HOA$0
Management-$182
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,211(70.0% ROI)
Projected value
$224,569
Return breakdown
Property appreciation+$16,034
Loan principal paid down+$5,977
Rental cash flow+$7,200
5-year hold
+$50,062(120.0% ROI)
Projected value
$235,938
Return breakdown
Property appreciation+$27,403
Loan principal paid down+$10,659
Rental cash flow+$12,000
10-year hold
+$107,805(258.5% ROI)
Projected value
$266,942
Return breakdown
Property appreciation+$58,407
Loan principal paid down+$25,398
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
--
Tax rate
--
Mortgage rate
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ZIP 04056 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04056 (Newfield, ME) is $1,820 a month. That is up 9.0% from $1,670 in FY 2026. Newfield 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, 04056 is tied for the 34th-highest two-bedroom rent (county range $1,550–$3,010). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04056 is 33% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04056
BedroomsFY 2027Change90–110% range
Studio$1,380+11.3%$1,242–$1,518
1BR$1,520+10.9%$1,368–$1,672
2BR$1,820+9.0%$1,638–$2,002
3BR$2,500+12.1%$2,250–$2,750
4BR$2,820+13.3%$2,538–$3,102

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04056
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,380$1,520$1,820$2,500$2,820
FY 2026$1,240$1,370$1,670$2,230$2,490
FY 2025$1,120$1,270$1,560$2,060$2,270
FY 2024$990$1,100$1,370$1,790$1,960
FY 2023$990$1,040$1,300$1,680$1,900

Two-bedroom rent in nearby York County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04056
04042$1,920+5.5%
04043$2,020+11.0%
04046$1,920+5.5%
04047$1,760−3.3%
04048$1,920+5.5%
04049$1,920+5.5%
04054$1,880+3.3%
04056Current$1,820—
04061$1,840+1.1%
04063$1,950+7.1%
04064$1,920+5.5%
04072$2,070+13.7%

Questions about ZIP 04056 rents

How much will Section 8 pay for a two-bedroom in ZIP 04056?

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 $1,820 it would be $1,638 to $2,002. 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 04056 in?

ZIP 04056 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 04056 for FY 2027?

The two-bedroom FMR rose 9.0%, from $1,670 in FY 2026 to $1,820 in FY 2027. Since FY 2023 it has risen 40.0%.

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