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Cumberland County/South Portland/04106

04106

ZIPSAFMR
Cumberland County, ME
Zillow

ZIP Investment Score

72Below average

095130300
BRFMR
Eff. Rent
0 BR$1,840$1,750
1 BR$2,090$2,100
2 BR$2,640$2,460
3 BR$3,260$3,260
4 BR$3,470$3,240
5 BR$3,990Not available
6 BR$4,589Not available
7 BR$5,277Not available
8 BR$6,069Not available

Purchase Price Calculator

Maximum purchase price
$303,639

Cost breakdown

+Likely effective rent$2,460
HUD FMR$2,640
Market rentUsed$2,460
Est. payment standard (96%)$2,520
-Principal and interest-$1,535
Loan amount$242,911
Down payment$60,728
Rate6.50%
Term30 years
-Operating costs-$725
Property taxes-$304
Insurance-$175
Utilities$0
HOA$0
Management-$246
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$39,250(64.6% ROI)
Projected value
$326,985
Return breakdown
Property appreciation+$23,347
Loan principal paid down+$8,703
Rental cash flow+$7,200
5-year hold
+$67,420(111.0% ROI)
Projected value
$343,539
Return breakdown
Property appreciation+$39,901
Loan principal paid down+$15,520
Rental cash flow+$12,000
10-year hold
+$146,025(240.5% ROI)
Projected value
$388,683
Return breakdown
Property appreciation+$85,044
Loan principal paid down+$36,980
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.05
1 BR
1.00
2 BR
1.07
4 BR
1.07
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 04106 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04106 (South Portland, ME) is $2,640 a month. That is up 11.4% from $2,370 in FY 2026. South 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, 04106 is tied for the 9th-highest two-bedroom rent (county range $1,650–$3,440). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04106 is 93% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04106
BedroomsFY 2027Change90–110% range
Studio$1,840+12.9%$1,656–$2,024
1BR$2,090+13.0%$1,881–$2,299
2BR$2,640+11.4%$2,376–$2,904
3BR$3,260+13.2%$2,934–$3,586
4BR$3,470+10.5%$3,123–$3,817

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04106
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,840$2,090$2,640$3,260$3,470
FY 2026$1,630$1,850$2,370$2,880$3,140
FY 2025$1,550$1,760$2,260$2,770$3,100
FY 2024$1,480$1,700$2,190$2,720$3,090
FY 2023$1,390$1,620$2,080$2,620$3,060

Two-bedroom rent in nearby Cumberland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04106
04098$2,340−11.4%
04101$2,420−8.3%
04102$2,340−11.4%
04103$2,380−9.8%
04104$2,340−11.4%
04105$3,200+21.2%
04106Current$2,640—
04107$3,360+27.3%
04108$2,270−14.0%
04109$2,6400.0%
04110$2,870+8.7%
04112$2,340−11.4%

Questions about ZIP 04106 rents

How much will Section 8 pay for a two-bedroom in ZIP 04106?

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 $2,640 it would be $2,376 to $2,904. 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 04106 in?

ZIP 04106 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 04106 for FY 2027?

The two-bedroom FMR rose 11.4%, from $2,370 in FY 2026 to $2,640 in FY 2027. Since FY 2023 it has risen 26.9%.

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