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Hancock County/Northeast Harbor/04662

04662

ZIPSAFMR
Hancock County, ME
Zillow

ZIP Investment Score

59Below average

095130300
BRFMR
Eff. Rent
0 BR$1,390$1,390
1 BR$1,400$1,400
2 BR$1,770$1,770
3 BR$2,440$2,440
4 BR$2,620$2,620
5 BR$3,013Not available
6 BR$3,465Not available
7 BR$3,985Not available
8 BR$4,582Not available

Purchase Price Calculator

Maximum purchase price
$201,105

Cost breakdown

+Likely effective rent$1,770
HUD FMRUsed$1,770
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,017
Loan amount$160,884
Down payment$40,221
Rate6.50%
Term30 years
-Operating costs-$553
Property taxes-$201
Insurance-$175
Utilities$0
HOA$0
Management-$177
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,427(70.7% ROI)
Projected value
$216,568
Return breakdown
Property appreciation+$15,463
Loan principal paid down+$5,764
Rental cash flow+$7,200
5-year hold
+$48,706(121.1% ROI)
Projected value
$227,532
Return breakdown
Property appreciation+$26,427
Loan principal paid down+$10,279
Rental cash flow+$12,000
10-year hold
+$104,819(260.6% ROI)
Projected value
$257,431
Return breakdown
Property appreciation+$56,326
Loan principal paid down+$24,493
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 04662 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04662 (Northeast Harbor, ME) is $1,770 a month. That is down 2.7% from $1,820 in FY 2026. Northeast Harbor 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, 04662 has the 6th-highest two-bedroom rent (county range $1,360–$2,230). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04662 is 29% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04662
BedroomsFY 2027Change90–110% range
Studio$1,390−6.7%$1,251–$1,529
1BR$1,400−6.7%$1,260–$1,540
2BR$1,770−2.7%$1,593–$1,947
3BR$2,440−1.6%$2,196–$2,684
4BR$2,620+5.2%$2,358–$2,882

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04662
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,390$1,400$1,770$2,440$2,620
FY 2026$1,490$1,500$1,820$2,480$2,490
FY 2025$1,240$1,250$1,480$1,950$1,960
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. 04662
04650$1,480−16.4%
04653$2,140+20.9%
04660$1,560−11.9%
04662Current$1,770—
04664$1,490−15.8%
04669$1,480−16.4%
04672$1,480−16.4%
04673$1,480−16.4%
04674$1,560−11.9%
04675$1,630−7.9%
04676$1,480−16.4%
04677$2,230+26.0%

Questions about ZIP 04662 rents

How much will Section 8 pay for a two-bedroom in ZIP 04662?

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 $1,770 it would be $1,593 to $1,947. 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 04662 in?

ZIP 04662 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 04662 for FY 2027?

The two-bedroom FMR fell 2.7%, from $1,820 in FY 2026 to $1,770 in FY 2027. Since FY 2025 it has risen 19.6%.

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