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York County/Wells/04090

04090

ZIPSAFMR
York County, ME
Zillow

ZIP Investment Score

47Below average

095130300
BRFMR
Eff. Rent
0 BR$1,420$1,560
1 BR$1,570$1,730
2 BR$1,880$2,070
3 BR$2,580$2,580
4 BR$2,910$2,680
5 BR$3,346Not available
6 BR$3,848Not available
7 BR$4,426Not available
8 BR$5,090Not available

Purchase Price Calculator

Maximum purchase price
$245,685

Cost breakdown

+Likely effective rent$2,070
HUD FMR$1,880
Market rent$2,220
Est. payment standard (110%)Used$2,070
-Principal and interest-$1,242
Loan amount$196,548
Down payment$49,137
Rate6.50%
Term30 years
-Operating costs-$628
Property taxes-$246
Insurance-$175
Utilities$0
HOA$0
Management-$207
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,133(67.4% ROI)
Projected value
$264,576
Return breakdown
Property appreciation+$18,891
Loan principal paid down+$7,042
Rental cash flow+$7,200
5-year hold
+$56,842(115.7% ROI)
Projected value
$277,970
Return breakdown
Property appreciation+$32,285
Loan principal paid down+$12,557
Rental cash flow+$12,000
10-year hold
+$122,735(249.8% ROI)
Projected value
$314,497
Return breakdown
Property appreciation+$68,812
Loan principal paid down+$29,922
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.71
1 BR
0.74
2 BR
0.85
4 BR
1.09
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 04090 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04090 (Wells, ME) is $1,880 a month. That is up 8.7% from $1,730 in FY 2026. Wells 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, 04090 is tied for the 26th-highest two-bedroom rent (county range $1,550–$3,010). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04090 is 37% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04090
BedroomsFY 2027Change90–110% range
Studio$1,420+10.1%$1,278–$1,562
1BR$1,570+10.6%$1,413–$1,727
2BR$1,880+8.7%$1,692–$2,068
3BR$2,580+11.2%$2,322–$2,838
4BR$2,910+12.8%$2,619–$3,201

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04090
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,420$1,570$1,880$2,580$2,910
FY 2026$1,290$1,420$1,730$2,320$2,580
FY 2025$1,130$1,270$1,570$2,070$2,280
FY 2024$990$1,100$1,370$1,790$1,970
FY 2023$1,020$1,070$1,330$1,730$1,940

Two-bedroom rent in nearby York County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04090
04063$1,950+3.7%
04064$1,920+2.1%
04072$2,070+10.1%
04073$1,680−10.6%
04076$1,690−10.1%
04083$1,760−6.4%
04084$2,160+14.9%
04087$1,840−2.1%
04090Current$1,880—
04093$2,260+20.2%
04094$1,8800.0%
04095$1,8800.0%

Questions about ZIP 04090 rents

How much will Section 8 pay for a two-bedroom in ZIP 04090?

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 $1,880 it would be $1,692 to $2,068. 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 04090 in?

ZIP 04090 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 04090 for FY 2027?

The two-bedroom FMR rose 8.7%, from $1,730 in FY 2026 to $1,880 in FY 2027. Since FY 2023 it has risen 41.4%.

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