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York County/Waterboro/04087

04087

ZIPSAFMR
York County, ME
Zillow

ZIP Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$1,390$1,390
1 BR$1,540$1,540
2 BR$1,840$1,840
3 BR$2,530$2,530
4 BR$2,850$2,850
5 BR$3,277Not available
6 BR$3,769Not available
7 BR$4,334Not available
8 BR$4,985Not available

Purchase Price Calculator

Maximum purchase price
$211,507

Cost breakdown

+Likely effective rent$1,840
HUD FMRUsed$1,840
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,069
Loan amount$169,205
Down payment$42,301
Rate6.50%
Term30 years
-Operating costs-$571
Property taxes-$212
Insurance-$175
Utilities$0
HOA$0
Management-$184
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,525(69.8% ROI)
Projected value
$227,770
Return breakdown
Property appreciation+$16,263
Loan principal paid down+$6,062
Rental cash flow+$7,200
5-year hold
+$50,604(119.6% ROI)
Projected value
$239,300
Return breakdown
Property appreciation+$27,794
Loan principal paid down+$10,811
Rental cash flow+$12,000
10-year hold
+$108,999(257.7% ROI)
Projected value
$270,747
Return breakdown
Property appreciation+$59,240
Loan principal paid down+$25,760
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 04087 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04087 (Waterboro, ME) is $1,840 a month. That is up 1.7% from $1,810 in FY 2026. Waterboro 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, 04087 is tied for the 32nd-highest two-bedroom rent (county range $1,550–$3,010). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04087 is 34% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04087
BedroomsFY 2027Change90–110% range
Studio$1,390+3.0%$1,251–$1,529
1BR$1,540+3.4%$1,386–$1,694
2BR$1,840+1.7%$1,656–$2,024
3BR$2,530+4.5%$2,277–$2,783
4BR$2,850+5.6%$2,565–$3,135

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04087
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,390$1,540$1,840$2,530$2,850
FY 2026$1,350$1,490$1,810$2,420$2,700
FY 2025$1,270$1,440$1,770$2,340$2,580
FY 2024$1,270$1,380$1,720$2,250$2,470
FY 2023$1,410$1,490$1,850$2,400$2,710

Two-bedroom rent in nearby York County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04087
04063$1,950+6.0%
04064$1,920+4.3%
04072$2,070+12.5%
04073$1,680−8.7%
04076$1,690−8.2%
04083$1,760−4.3%
04084$2,160+17.4%
04087Current$1,840—
04090$1,880+2.2%
04093$2,260+22.8%
04094$1,880+2.2%
04095$1,880+2.2%

Questions about ZIP 04087 rents

How much will Section 8 pay for a two-bedroom in ZIP 04087?

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 $1,840 it would be $1,656 to $2,024. 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 04087 in?

ZIP 04087 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 04087 for FY 2027?

The two-bedroom FMR rose 1.7%, from $1,810 in FY 2026 to $1,840 in FY 2027. Since FY 2023 it has fallen 0.5%.

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