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Sagadahoc County/Bowdoin/04287

04287

ZIPSAFMR
Sagadahoc County, ME
Zillow

ZIP Investment Score

61Below average

095130300
BRFMR
Eff. Rent
0 BR$1,300$1,300
1 BR$1,400$1,400
2 BR$1,800$1,800
3 BR$2,360$2,360
4 BR$2,820$2,820
5 BR$3,243Not available
6 BR$3,729Not available
7 BR$4,289Not available
8 BR$4,932Not available

Purchase Price Calculator

Maximum purchase price
$205,563

Cost breakdown

+Likely effective rent$1,800
HUD FMRUsed$1,800
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,039
Loan amount$164,450
Down payment$41,113
Rate6.50%
Term30 years
-Operating costs-$561
Property taxes-$206
Insurance-$175
Utilities$0
HOA$0
Management-$180
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,898(70.3% ROI)
Projected value
$221,369
Return breakdown
Property appreciation+$15,806
Loan principal paid down+$5,892
Rental cash flow+$7,200
5-year hold
+$49,519(120.4% ROI)
Projected value
$232,575
Return breakdown
Property appreciation+$27,013
Loan principal paid down+$10,507
Rental cash flow+$12,000
10-year hold
+$106,611(259.3% ROI)
Projected value
$263,138
Return breakdown
Property appreciation+$57,575
Loan principal paid down+$25,036
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 04287 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04287 (Bowdoin, ME) is $1,800 a month. That is up 7.1% from $1,680 in FY 2026. Bowdoin is in the Sagadahoc County, ME 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 $1,659. Among 13 ZIP codes in Sagadahoc County, 04287 has the 5th-highest two-bedroom rent (county range $1,420–$2,210). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04287 is 31% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04287
BedroomsFY 2027Change90–110% range
Studio$1,300+7.4%$1,170–$1,430
1BR$1,400+6.1%$1,260–$1,540
2BR$1,800+7.1%$1,620–$1,980
3BR$2,360+4.9%$2,124–$2,596
4BR$2,820+6.8%$2,538–$3,102

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04287
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,300$1,400$1,800$2,360$2,820
FY 2026$1,210$1,320$1,680$2,250$2,640
FY 2025$1,030$1,130$1,420$1,910$2,230
FY 2024$900$1,070$1,320$1,820$2,150
FY 2023$860$1,000$1,250$1,670$1,940

Two-bedroom rent in nearby Sagadahoc County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04287
04008$1,740−3.3%
04011$2,020+12.2%
04086$2,210+22.8%
04252$1,970+9.4%
04280$1,640−8.9%
04287Current$1,800—
04345$1,420−21.1%
04357$1,570−12.8%
04530$1,540−14.4%
04548$1,700−5.6%
04562$1,630−9.4%
04565$1,660−7.8%

Questions about ZIP 04287 rents

How much will Section 8 pay for a two-bedroom in ZIP 04287?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,659, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,493 to $1,825 a month; under the ZIP-level Small Area FMR of $1,800 it would be $1,620 to $1,980. 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 04287 in?

ZIP 04287 is in the Sagadahoc County, ME HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,659.

How much did fair market rent change in ZIP 04287 for FY 2027?

The two-bedroom FMR rose 7.1%, from $1,680 in FY 2026 to $1,800 in FY 2027. Since FY 2023 it has risen 44.0%.

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