For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04469 (Orono, ME) is $1,870 a month. That is up 7.5% from $1,740 in FY 2026. Orono 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, 04469 has the 11th-highest two-bedroom rent (county range $1,260–$2,350). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04469 is 36% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 04469
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,300
$1,390
+6.9%
$1,251–$1,529
1BR
$1,370
$1,490
+8.8%
$1,341–$1,639
2BR
$1,740
$1,870
+7.5%
$1,683–$2,057
3BR
$2,250
$2,420
+7.6%
$2,178–$2,662
4BR
$2,390
$2,690
+12.6%
$2,421–$2,959
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 04469
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,390
$1,490
$1,870
$2,420
$2,690
FY 2026
$1,300
$1,370
$1,740
$2,250
$2,390
FY 2025
$1,090
$1,170
$1,500
$1,920
$2,000
FY 2024
$990
$1,090
$1,390
$1,780
$1,910
FY 2023area FMR
$718
$747
$983
$1,234
$1,321
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Penobscot County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 04469?
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 $1,870 it would be $1,683 to $2,057. 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 04469 in?
ZIP 04469 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 04469 for FY 2027?
The two-bedroom FMR rose 7.5%, from $1,740 in FY 2026 to $1,870 in FY 2027. Since FY 2024 it has risen 34.5%.
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