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Cumberland County/Portland/04101

04101

ZIPSAFMR
Cumberland County, ME
Zillow

ZIP Investment Score

35Below average

095130300
BRFMR
Eff. Rent
0 BR$1,690$1,860
1 BR$1,920$2,110
2 BR$2,420$2,660
3 BR$2,980$2,980
4 BR$3,180$2,690
5 BR$3,657Not available
6 BR$4,206Not available
7 BR$4,836Not available
8 BR$5,562Not available

Purchase Price Calculator

Maximum purchase price
$333,358

Cost breakdown

+Likely effective rent$2,660
HUD FMR$2,420
Market rent$3,360
Est. payment standard (110%)Used$2,660
-Principal and interest-$1,686
Loan amount$266,687
Down payment$66,672
Rate6.50%
Term30 years
-Operating costs-$774
Property taxes-$333
Insurance-$175
Utilities$0
HOA$0
Management-$266
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$42,387(63.6% ROI)
Projected value
$358,991
Return breakdown
Property appreciation+$25,632
Loan principal paid down+$9,555
Rental cash flow+$7,200
5-year hold
+$72,845(109.3% ROI)
Projected value
$377,164
Return breakdown
Property appreciation+$43,806
Loan principal paid down+$17,039
Rental cash flow+$12,000
10-year hold
+$157,969(236.9% ROI)
Projected value
$426,727
Return breakdown
Property appreciation+$93,369
Loan principal paid down+$40,600
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.78
1 BR
0.70
2 BR
0.72
4 BR
1.18
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 04101 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04101 (Portland, ME) is $2,420 a month. That is up 10.5% from $2,190 in FY 2026. Portland 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, 04101 has the 13th-highest two-bedroom rent (county range $1,650–$3,440). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04101 is 77% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04101
BedroomsFY 2027Change90–110% range
Studio$1,690+11.9%$1,521–$1,859
1BR$1,920+12.3%$1,728–$2,112
2BR$2,420+10.5%$2,178–$2,662
3BR$2,980+12.0%$2,682–$3,278
4BR$3,180+9.7%$2,862–$3,498

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04101
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,690$1,920$2,420$2,980$3,180
FY 2026$1,510$1,710$2,190$2,660$2,900
FY 2025$1,400$1,590$2,040$2,500$2,800
FY 2024$1,350$1,550$1,990$2,470$2,800
FY 2023$1,300$1,510$1,940$2,450$2,850

Two-bedroom rent in nearby Cumberland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04101
04093$2,260−6.6%
04096$2,510+3.7%
04097$2,400−0.8%
04098$2,340−3.3%
04101Current$2,420—
04102$2,340−3.3%
04103$2,380−1.7%
04104$2,340−3.3%
04105$3,200+32.2%
04106$2,640+9.1%
04107$3,360+38.8%
04108$2,270−6.2%

Questions about ZIP 04101 rents

How much will Section 8 pay for a two-bedroom in ZIP 04101?

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 $2,420 it would be $2,178 to $2,662. 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 04101 in?

ZIP 04101 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 04101 for FY 2027?

The two-bedroom FMR rose 10.5%, from $2,190 in FY 2026 to $2,420 in FY 2027. Since FY 2023 it has risen 24.7%.

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