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Oxford County/South Paris/04281

04281

ZIPSAFMR
Oxford County, ME
Zillow

ZIP Investment Score

62Below average

095130300
BRFMR
Eff. Rent
0 BR$910$1,000
1 BR$1,010$1,110
2 BR$1,300$1,320
3 BR$1,800$1,400
4 BR$2,170$1,430
5 BR$2,496Not available
6 BR$2,870Not available
7 BR$3,300Not available
8 BR$3,795Not available

Purchase Price Calculator

Maximum purchase price
$134,235

Cost breakdown

+Likely effective rent$1,320
HUD FMR$1,300
Market rent$1,330
Est. payment standard (101%)Used$1,320
-Principal and interest-$679
Loan amount$107,388
Down payment$26,847
Rate6.50%
Term30 years
-Operating costs-$441
Property taxes-$134
Insurance-$175
Utilities$0
HOA$0
Management-$132
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,369(79.6% ROI)
Projected value
$144,556
Return breakdown
Property appreciation+$10,321
Loan principal paid down+$3,847
Rental cash flow+$7,200
5-year hold
+$36,501(136.0% ROI)
Projected value
$151,875
Return breakdown
Property appreciation+$17,640
Loan principal paid down+$6,861
Rental cash flow+$12,000
10-year hold
+$77,946(290.3% ROI)
Projected value
$171,832
Return breakdown
Property appreciation+$37,597
Loan principal paid down+$16,349
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.75
1 BR
0.83
2 BR
0.98
3 BR
1.29
4 BR
1.52
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 04281 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04281 (South Paris, ME) is $1,300 a month. That is down 6.5% from $1,390 in FY 2026. South Paris is in the Oxford 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 $1,224. Among 35 ZIP codes in Oxford County, 04281 has the 19th-highest two-bedroom rent (county range $1,170–$1,840). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04281 is 5% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04281
BedroomsFY 2027Change90–110% range
Studio$910−5.2%$819–$1,001
1BR$1,010−4.7%$909–$1,111
2BR$1,300−6.5%$1,170–$1,430
3BR$1,800−6.7%$1,620–$1,980
4BR$2,170−6.9%$1,953–$2,387

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04281
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$910$1,010$1,300$1,800$2,170
FY 2026$960$1,060$1,390$1,930$2,330
FY 2025$870$880$1,150$1,510$1,930
FY 2024area FMR$814$820$1,077$1,321$1,699
FY 2023area FMR$729$734$966$1,176$1,534

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

Two-bedroom rent in nearby Oxford County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04281
04261$1,520+16.9%
04267$1,400+7.7%
04268$1,170−10.0%
04270$1,580+21.5%
04271$1,220−6.2%
04275$1,170−10.0%
04276$1,170−10.0%
04281Current$1,300—
04286$1,220−6.2%
04289$1,170−10.0%
04290$1,180−9.2%
04292$1,330+2.3%

Questions about ZIP 04281 rents

How much will Section 8 pay for a two-bedroom in ZIP 04281?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,224, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,102 to $1,346 a month; under the ZIP-level Small Area FMR of $1,300 it would be $1,170 to $1,430. 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 04281 in?

ZIP 04281 is in the Oxford County, ME non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,224.

How much did fair market rent change in ZIP 04281 for FY 2027?

The two-bedroom FMR fell 6.5%, from $1,390 in FY 2026 to $1,300 in FY 2027. Since FY 2025 it has risen 13.0%.

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