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Cumberland County/Poland/04274

04274

ZIPSAFMR
Cumberland County, ME
Zillow

ZIP Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$1,330$1,330
1 BR$1,500$1,500
2 BR$1,920$1,920
3 BR$2,340$2,340
4 BR$2,650$2,650
5 BR$3,047Not available
6 BR$3,505Not available
7 BR$4,030Not available
8 BR$4,635Not available

Purchase Price Calculator

Maximum purchase price
$223,395

Cost breakdown

+Likely effective rent$1,920
HUD FMRUsed$1,920
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,130
Loan amount$178,716
Down payment$44,679
Rate6.50%
Term30 years
-Operating costs-$590
Property taxes-$223
Insurance-$175
Utilities$0
HOA$0
Management-$192
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,780(68.9% ROI)
Projected value
$240,572
Return breakdown
Property appreciation+$17,177
Loan principal paid down+$6,403
Rental cash flow+$7,200
5-year hold
+$52,774(118.1% ROI)
Projected value
$252,751
Return breakdown
Property appreciation+$29,356
Loan principal paid down+$11,418
Rental cash flow+$12,000
10-year hold
+$113,777(254.7% ROI)
Projected value
$285,964
Return breakdown
Property appreciation+$62,569
Loan principal paid down+$27,207
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
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Tax rate
--
Mortgage rate
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ZIP 04274 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04274 (Poland, ME) is $1,920 a month. That is up 6.1% from $1,810 in FY 2026. Poland 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, 04274 is tied for the 44th-highest two-bedroom rent (county range $1,650–$3,440). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04274 is 40% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04274
BedroomsFY 2027Change90–110% range
Studio$1,330+6.4%$1,197–$1,463
1BR$1,500+6.4%$1,350–$1,650
2BR$1,920+6.1%$1,728–$2,112
3BR$2,340+4.5%$2,106–$2,574
4BR$2,650+5.6%$2,385–$2,915

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04274
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,330$1,500$1,920$2,340$2,650
FY 2026$1,250$1,410$1,810$2,240$2,510
FY 2025$1,190$1,370$1,760$2,180$2,470
FY 2024$1,120$1,310$1,680$2,110$2,460
FY 2023$1,030$1,200$1,550$1,980$2,430

Two-bedroom rent in nearby Cumberland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04274
04104$2,340+21.9%
04105$3,200+66.7%
04106$2,640+37.5%
04107$3,360+75.0%
04108$2,270+18.2%
04109$2,640+37.5%
04110$2,870+49.5%
04112$2,340+21.9%
04116$2,340+21.9%
04222$1,900−1.0%
04260$1,880−2.1%
04274Current$1,920—

Questions about ZIP 04274 rents

How much will Section 8 pay for a two-bedroom in ZIP 04274?

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 $1,920 it would be $1,728 to $2,112. 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 04274 in?

ZIP 04274 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 04274 for FY 2027?

The two-bedroom FMR rose 6.1%, from $1,810 in FY 2026 to $1,920 in FY 2027. Since FY 2023 it has risen 23.9%.

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