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Kennebec County/North Monmouth/04265

04265

ZIPSAFMR
Kennebec County, ME
Zillow

ZIP Investment Score

109Above average

095130300
BRFMR
Eff. Rent
0 BR$1,290$1,290
1 BR$1,300$1,350
2 BR$1,700$1,700
3 BR$2,190$2,190
4 BR$2,680$2,680
5 BR$3,082Not available
6 BR$3,544Not available
7 BR$4,076Not available
8 BR$4,687Not available

Purchase Price Calculator

Maximum purchase price
$190,703

Cost breakdown

+Likely effective rent$1,700
HUD FMRUsed$1,700
Market rentN/A
Est. payment standardN/A
-Principal and interest-$964
Loan amount$152,562
Down payment$38,141
Rate6.50%
Term30 years
-Operating costs-$536
Property taxes-$191
Insurance-$175
Utilities$0
HOA$0
Management-$170
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,329(71.7% ROI)
Projected value
$205,366
Return breakdown
Property appreciation+$14,663
Loan principal paid down+$5,466
Rental cash flow+$7,200
5-year hold
+$46,807(122.7% ROI)
Projected value
$215,763
Return breakdown
Property appreciation+$25,060
Loan principal paid down+$9,747
Rental cash flow+$12,000
10-year hold
+$100,639(263.9% ROI)
Projected value
$244,116
Return breakdown
Property appreciation+$53,413
Loan principal paid down+$23,226
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

1 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 04265 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04265 (North Monmouth, ME) is $1,700 a month. That is down 2.9% from $1,750 in FY 2026. North Monmouth is in the Kennebec County, ME non-metropolitan 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 county-wide two-bedroom FMR of $1,374. Among 38 ZIP codes in Kennebec County, 04265 has the 3rd-highest two-bedroom rent (county range $1,280–$1,920). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04265 is 24% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04265
BedroomsFY 2027Change90–110% range
Studio$1,290−3.7%$1,161–$1,419
1BR$1,300−3.7%$1,170–$1,430
2BR$1,700−2.9%$1,530–$1,870
3BR$2,190−2.7%$1,971–$2,409
4BR$2,680+0.4%$2,412–$2,948

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04265
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,290$1,300$1,700$2,190$2,680
FY 2026$1,340$1,350$1,750$2,250$2,670
FY 2025$1,130$1,140$1,470$1,840$2,200
FY 2024area FMR$857$860$1,104$1,374$1,622
FY 2023area FMR$754$759$971$1,203$1,443

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Kennebec County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04265
04254$1,430−15.9%
04259$1,530−10.0%
04265Current$1,700—
04284$1,530−10.0%
04330$1,350−20.6%
04332$1,370−19.4%
04333$1,370−19.4%
04338$1,370−19.4%
04343$1,370−19.4%
04344$1,280−24.7%
04345$1,420−16.5%
04346$1,430−15.9%

Questions about ZIP 04265 rents

How much will Section 8 pay for a two-bedroom in ZIP 04265?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,374, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,237 to $1,511 a month; under the ZIP-level Small Area FMR of $1,700 it would be $1,530 to $1,870. 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 04265 in?

ZIP 04265 is in the Kennebec County, ME non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,374.

How much did fair market rent change in ZIP 04265 for FY 2027?

The two-bedroom FMR fell 2.9%, from $1,750 in FY 2026 to $1,700 in FY 2027. Since FY 2025 it has risen 15.6%.

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