Skip to main content
Loading page
Knox County/Friendship/04547

04547

ZIPSAFMR
Knox County, ME
Zillow

ZIP Investment Score

61Below average

095130300
BRFMR
Eff. Rent
0 BR$1,290$1,290
1 BR$1,350$1,350
2 BR$1,640$1,640
3 BR$2,150$2,150
4 BR$2,210$2,210
5 BR$2,542Not available
6 BR$2,923Not available
7 BR$3,361Not available
8 BR$3,865Not available

Purchase Price Calculator

Maximum purchase price
$181,787

Cost breakdown

+Likely effective rent$1,640
HUD FMRUsed$1,640
Market rentN/A
Est. payment standardN/A
-Principal and interest-$919
Loan amount$145,429
Down payment$36,357
Rate6.50%
Term30 years
-Operating costs-$521
Property taxes-$182
Insurance-$175
Utilities$0
HOA$0
Management-$164
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,388(72.6% ROI)
Projected value
$195,765
Return breakdown
Property appreciation+$13,978
Loan principal paid down+$5,210
Rental cash flow+$7,200
5-year hold
+$45,180(124.3% ROI)
Projected value
$205,675
Return breakdown
Property appreciation+$23,888
Loan principal paid down+$9,292
Rental cash flow+$12,000
10-year hold
+$97,056(266.9% ROI)
Projected value
$232,703
Return breakdown
Property appreciation+$50,916
Loan principal paid down+$22,140
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

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
--

ZIP 04547 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04547 (Friendship, ME) is $1,640 a month. That is down 8.4% from $1,790 in FY 2026. Friendship is in the Knox 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 $1,503. Among 22 ZIP codes in Knox County, 04547 is tied for the 9th-highest two-bedroom rent (county range $1,380–$2,000). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04547 is 20% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04547
BedroomsFY 2027Change90–110% range
Studio$1,290−9.8%$1,161–$1,419
1BR$1,350−9.4%$1,215–$1,485
2BR$1,640−8.4%$1,476–$1,804
3BR$2,150−4.9%$1,935–$2,365
4BR$2,210−9.8%$1,989–$2,431

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04547
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,290$1,350$1,640$2,150$2,210
FY 2026$1,430$1,490$1,790$2,260$2,450
FY 2025$1,050$1,290$1,530$1,910$2,330
FY 2024area FMR$890$929$1,120$1,406$1,585
FY 2023area FMR$738$918$1,103$1,419$1,482

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

Two-bedroom rent in nearby Knox County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04547
04547Current$1,640—
04563$1,770+7.9%
04572$1,380−15.9%
04574$1,440−12.2%
04645$1,380−15.9%
04841$1,380−15.9%
04843$1,6400.0%
04847$1,490−9.1%
04851$1,500−8.5%
04853$1,910+16.5%
04854$1,770+7.9%
04855$1,970+20.1%

Questions about ZIP 04547 rents

How much will Section 8 pay for a two-bedroom in ZIP 04547?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,503, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,353 to $1,653 a month; under the ZIP-level Small Area FMR of $1,640 it would be $1,476 to $1,804. 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 04547 in?

ZIP 04547 is in the Knox County, ME non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,503.

How much did fair market rent change in ZIP 04547 for FY 2027?

The two-bedroom FMR fell 8.4%, from $1,790 in FY 2026 to $1,640 in FY 2027. Since FY 2025 it has risen 7.2%.

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