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Hancock County/Bernard/04612

04612

ZIPSAFMR
Hancock County, ME
Zillow

ZIP Investment Score

52Below average

095130300
BRFMR
Eff. Rent
0 BR$1,140$1,140
1 BR$1,140$1,140
2 BR$1,360$1,360
3 BR$1,860$1,860
4 BR$2,000$2,000
5 BR$2,300Not available
6 BR$2,645Not available
7 BR$3,042Not available
8 BR$3,498Not available

Purchase Price Calculator

Maximum purchase price
$140,179

Cost breakdown

+Likely effective rent$1,360
HUD FMRUsed$1,360
Market rentN/A
Est. payment standardN/A
-Principal and interest-$709
Loan amount$112,143
Down payment$28,036
Rate6.50%
Term30 years
-Operating costs-$451
Property taxes-$140
Insurance-$175
Utilities$0
HOA$0
Management-$136
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,996(78.5% ROI)
Projected value
$150,957
Return breakdown
Property appreciation+$10,778
Loan principal paid down+$4,018
Rental cash flow+$7,200
5-year hold
+$37,586(134.1% ROI)
Projected value
$158,600
Return breakdown
Property appreciation+$18,421
Loan principal paid down+$7,165
Rental cash flow+$12,000
10-year hold
+$80,334(286.5% ROI)
Projected value
$179,441
Return breakdown
Property appreciation+$39,262
Loan principal paid down+$17,073
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 04612 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04612 (Bernard, ME) is $1,360 a month. That is down 9.3% from $1,500 in FY 2026. Bernard is in the Hancock 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 $1,484. Among 46 ZIP codes in Hancock County, 04612 is tied for the 41st-highest two-bedroom rent (county range $1,360–$2,230).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04612
BedroomsFY 2027Change90–110% range
Studio$1,140−9.5%$1,026–$1,254
1BR$1,140−9.5%$1,026–$1,254
2BR$1,360−9.3%$1,224–$1,496
3BR$1,860−6.1%$1,674–$2,046
4BR$2,000+1.0%$1,800–$2,200

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04612
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,140$1,140$1,360$1,860$2,000
FY 2026$1,260$1,260$1,500$1,980$1,980
FY 2025$1,390$1,400$1,660$2,190$2,200
FY 2024area FMR$996$1,002$1,188$1,576$1,582
FY 2023area FMR$877$882$1,036$1,383$1,392

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

Two-bedroom rent in nearby Hancock County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04612
04605$1,460+7.4%
04607$1,730+27.2%
04609$1,730+27.2%
04612Current$1,360—
04613$1,480+8.8%
04614$1,560+14.7%
04616$1,740+27.9%
04617$1,600+17.6%
04622$1,3600.0%
04624$1,480+8.8%
04625$1,430+5.1%
04627$1,640+20.6%

Questions about ZIP 04612 rents

How much will Section 8 pay for a two-bedroom in ZIP 04612?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,484, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,336 to $1,632 a month; under the ZIP-level Small Area FMR of $1,360 it would be $1,224 to $1,496. 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 04612 in?

ZIP 04612 is in the Hancock County, ME non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,484.

How much did fair market rent change in ZIP 04612 for FY 2027?

The two-bedroom FMR fell 9.3%, from $1,500 in FY 2026 to $1,360 in FY 2027. Since FY 2025 it has fallen 18.1%.

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