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Penobscot County/Carmel/04419

04419

ZIPSAFMR
Penobscot County, ME
Zillow

ZIP Investment Score

94Below average

095130300
BRFMR
Eff. Rent
0 BR$1,390$1,390
1 BR$1,530$1,530
2 BR$2,000$2,000
3 BR$2,730$2,730
4 BR$2,800$2,800
5 BR$3,220Not available
6 BR$3,703Not available
7 BR$4,258Not available
8 BR$4,897Not available

Purchase Price Calculator

Maximum purchase price
$235,283

Cost breakdown

+Likely effective rent$2,000
HUD FMRUsed$2,000
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,190
Loan amount$188,226
Down payment$47,057
Rate6.50%
Term30 years
-Operating costs-$610
Property taxes-$235
Insurance-$175
Utilities$0
HOA$0
Management-$200
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,035(68.1% ROI)
Projected value
$253,374
Return breakdown
Property appreciation+$18,091
Loan principal paid down+$6,744
Rental cash flow+$7,200
5-year hold
+$54,944(116.8% ROI)
Projected value
$266,201
Return breakdown
Property appreciation+$30,918
Loan principal paid down+$12,026
Rental cash flow+$12,000
10-year hold
+$118,554(251.9% ROI)
Projected value
$301,182
Return breakdown
Property appreciation+$65,899
Loan principal paid down+$28,655
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
--
Tax rate
--
Mortgage rate
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ZIP 04419 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04419 (Carmel, ME) is $2,000 a month. That is up 7.0% from $1,870 in FY 2026. Carmel is in the Penobscot 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 $1,496. Among 50 ZIP codes in Penobscot County, 04419 has the 7th-highest two-bedroom rent (county range $1,260–$2,350). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04419 is 46% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04419
BedroomsFY 2027Change90–110% range
Studio$1,390+5.3%$1,251–$1,529
1BR$1,530+7.0%$1,377–$1,683
2BR$2,000+7.0%$1,800–$2,200
3BR$2,730+12.8%$2,457–$3,003
4BR$2,800+3.7%$2,520–$3,080

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04419
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,390$1,530$2,000$2,730$2,800
FY 2026$1,320$1,430$1,870$2,420$2,700
FY 2025$1,140$1,200$1,570$1,980$2,340
FY 2024$1,010$1,080$1,420$1,770$1,980
FY 2023$960$1,000$1,320$1,660$1,770

Two-bedroom rent in nearby Penobscot County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04419
04410$1,530−23.5%
04411$1,810−9.5%
04412$1,670−16.5%
04417$1,260−37.0%
04418$1,500−25.0%
04419Current$2,000—
04422$2,050+2.5%
04427$1,500−25.0%
04428$1,830−8.5%
04429$1,910−4.5%
04430$1,260−37.0%
04434$1,910−4.5%

Questions about ZIP 04419 rents

How much will Section 8 pay for a two-bedroom in ZIP 04419?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,496, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,346 to $1,646 a month; under the ZIP-level Small Area FMR of $2,000 it would be $1,800 to $2,200. 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 04419 in?

ZIP 04419 is in the Penobscot County, ME (part) HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,496.

How much did fair market rent change in ZIP 04419 for FY 2027?

The two-bedroom FMR rose 7.0%, from $1,870 in FY 2026 to $2,000 in FY 2027. Since FY 2023 it has risen 51.5%.

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