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York County/Ocean Park/04063

04063

ZIPSAFMR
York County, ME
Zillow

ZIP Investment Score

63Below average

095130300
BRFMR
Eff. Rent
0 BR$1,420$1,490
1 BR$1,590$1,750
2 BR$1,950$2,150
3 BR$2,540$2,770
4 BR$2,780$3,060
5 BR$3,197Not available
6 BR$3,677Not available
7 BR$4,228Not available
8 BR$4,862Not available

Purchase Price Calculator

Maximum purchase price
$257,573

Cost breakdown

+Likely effective rent$2,150
HUD FMR$1,950
Market rent$2,440
Est. payment standard (110%)Used$2,150
-Principal and interest-$1,302
Loan amount$206,058
Down payment$51,515
Rate6.50%
Term30 years
-Operating costs-$648
Property taxes-$258
Insurance-$175
Utilities$0
HOA$0
Management-$215
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,387(66.8% ROI)
Projected value
$277,378
Return breakdown
Property appreciation+$19,805
Loan principal paid down+$7,383
Rental cash flow+$7,200
5-year hold
+$59,012(114.6% ROI)
Projected value
$291,420
Return breakdown
Property appreciation+$33,847
Loan principal paid down+$13,165
Rental cash flow+$12,000
10-year hold
+$127,512(247.5% ROI)
Projected value
$329,715
Return breakdown
Property appreciation+$72,142
Loan principal paid down+$31,370
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.93
1 BR
0.77
2 BR
0.80
3 BR
0.88
4 BR
0.83
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 04063 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04063 (Ocean Park, ME) is $1,950 a month. That is up 7.7% from $1,810 in FY 2026. Ocean Park 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, 04063 has the 18th-highest two-bedroom rent (county range $1,550–$3,010). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04063 is 42% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04063
BedroomsFY 2027Change90–110% range
Studio$1,420+12.7%$1,278–$1,562
1BR$1,590+12.8%$1,431–$1,749
2BR$1,950+7.7%$1,755–$2,145
3BR$2,540+12.9%$2,286–$2,794
4BR$2,780+11.6%$2,502–$3,058

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04063
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,420$1,590$1,950$2,540$2,780
FY 2026$1,260$1,410$1,810$2,250$2,490
FY 2025$1,190$1,370$1,760$2,180$2,470
FY 2024$1,120$1,310$1,680$2,110$2,460
FY 2023$1,100$1,220$1,550$1,980$2,430

Two-bedroom rent in nearby York County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04063
04046$1,920−1.5%
04047$1,760−9.7%
04048$1,920−1.5%
04049$1,920−1.5%
04054$1,880−3.6%
04056$1,820−6.7%
04061$1,840−5.6%
04063Current$1,950—
04064$1,920−1.5%
04072$2,070+6.2%
04073$1,680−13.8%
04076$1,690−13.3%

Questions about ZIP 04063 rents

How much will Section 8 pay for a two-bedroom in ZIP 04063?

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 $1,950 it would be $1,755 to $2,145. 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 04063 in?

ZIP 04063 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 04063 for FY 2027?

The two-bedroom FMR rose 7.7%, from $1,810 in FY 2026 to $1,950 in FY 2027. Since FY 2023 it has risen 25.8%.

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