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Lincoln County/Newcastle/04553

04553

ZIPSAFMR
Lincoln County, ME
Zillow

ZIP Investment Score

56Below average

095130300
BRFMR
Eff. Rent
0 BR$1,310$1,310
1 BR$1,360$1,360
2 BR$1,480$1,480
3 BR$2,050$2,050
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
$158,011

Cost breakdown

+Likely effective rent$1,480
HUD FMRUsed$1,480
Market rentN/A
Est. payment standardN/A
-Principal and interest-$799
Loan amount$126,409
Down payment$31,602
Rate6.50%
Term30 years
-Operating costs-$481
Property taxes-$158
Insurance-$175
Utilities$0
HOA$0
Management-$148
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,878(75.6% ROI)
Projected value
$170,160
Return breakdown
Property appreciation+$12,150
Loan principal paid down+$4,529
Rental cash flow+$7,200
5-year hold
+$40,840(129.2% ROI)
Projected value
$178,775
Return breakdown
Property appreciation+$20,764
Loan principal paid down+$8,076
Rental cash flow+$12,000
10-year hold
+$87,501(276.9% ROI)
Projected value
$202,267
Return breakdown
Property appreciation+$44,256
Loan principal paid down+$19,244
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 04553 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04553 (Newcastle, ME) is $1,480 a month. That is down 0.7% from $1,490 in FY 2026. Newcastle is in the Lincoln 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 $1,307. Among 32 ZIP codes in Lincoln County, 04553 has the 6th-highest two-bedroom rent (county range $1,270–$1,960). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04553 is 8% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04553
BedroomsFY 2027Change90–110% range
Studio$1,310+0.8%$1,179–$1,441
1BR$1,3600.0%$1,224–$1,496
2BR$1,480−0.7%$1,332–$1,628
3BR$2,050−0.5%$1,845–$2,255
4BR$2,210+7.3%$1,989–$2,431

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04553
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,310$1,360$1,480$2,050$2,210
FY 2026$1,300$1,360$1,490$2,060$2,060
FY 2025$1,110$1,130$1,280$1,690$1,700
FY 2024area FMR$942$978$1,183$1,575$1,654
FY 2023area FMR$913$918$1,165$1,418$1,773

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

Two-bedroom rent in nearby Lincoln County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04553
04538$1,300−12.2%
04539$1,310−11.5%
04541$1,310−11.5%
04543$1,270−14.2%
04544$1,360−8.1%
04551$1,380−6.8%
04553Current$1,480—
04554$1,310−11.5%
04555$1,270−14.2%
04556$1,960+32.4%
04558$1,310−11.5%
04564$1,310−11.5%

Questions about ZIP 04553 rents

How much will Section 8 pay for a two-bedroom in ZIP 04553?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,307, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,176 to $1,438 a month; under the ZIP-level Small Area FMR of $1,480 it would be $1,332 to $1,628. 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 04553 in?

ZIP 04553 is in the Lincoln County, ME non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,307.

How much did fair market rent change in ZIP 04553 for FY 2027?

The two-bedroom FMR fell 0.7%, from $1,490 in FY 2026 to $1,480 in FY 2027. Since FY 2025 it has risen 15.6%.

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