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Knox County/Spruce Head/04859

04859

ZIPSAFMR
Knox County, ME
Zillow

ZIP Investment Score

49Below average

095130300
BRFMR
Eff. Rent
0 BR$1,520$1,520
1 BR$1,620$1,620
2 BR$1,970$1,970
3 BR$2,580$2,580
4 BR$2,590$2,590
5 BR$2,978Not available
6 BR$3,425Not available
7 BR$3,939Not available
8 BR$4,530Not available

Purchase Price Calculator

Maximum purchase price
$230,825

Cost breakdown

+Likely effective rent$1,970
HUD FMRUsed$1,970
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,167
Loan amount$184,660
Down payment$46,165
Rate6.50%
Term30 years
-Operating costs-$603
Property taxes-$231
Insurance-$175
Utilities$0
HOA$0
Management-$197
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,564(68.4% ROI)
Projected value
$248,573
Return breakdown
Property appreciation+$17,748
Loan principal paid down+$6,616
Rental cash flow+$7,200
5-year hold
+$54,130(117.3% ROI)
Projected value
$261,157
Return breakdown
Property appreciation+$30,332
Loan principal paid down+$11,798
Rental cash flow+$12,000
10-year hold
+$116,763(252.9% ROI)
Projected value
$295,475
Return breakdown
Property appreciation+$64,650
Loan principal paid down+$28,112
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 04859 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04859 (Spruce Head, ME) is $1,970 a month. That is down 5.7% from $2,090 in FY 2026. Spruce Head 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, 04859 is tied for the 2nd-highest two-bedroom rent (county range $1,380–$2,000). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04859 is 44% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04859
BedroomsFY 2027Change90–110% range
Studio$1,520−9.5%$1,368–$1,672
1BR$1,620−6.9%$1,458–$1,782
2BR$1,970−5.7%$1,773–$2,167
3BR$2,580−2.3%$2,322–$2,838
4BR$2,590−9.4%$2,331–$2,849

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04859
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,520$1,620$1,970$2,580$2,590
FY 2026$1,680$1,740$2,090$2,640$2,860
FY 2025$980$1,210$1,430$1,790$2,180
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. 04859
04853$1,910−3.0%
04854$1,770−10.2%
04855$1,9700.0%
04856$1,840−6.6%
04858$1,930−2.0%
04859Current$1,970—
04860$2,000+1.5%
04861$1,470−25.4%
04862$1,380−29.9%
04863$1,400−28.9%
04864$1,410−28.4%
04865$1,500−23.9%

Questions about ZIP 04859 rents

How much will Section 8 pay for a two-bedroom in ZIP 04859?

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 $1,970 it would be $1,773 to $2,167. 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 04859 in?

ZIP 04859 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 04859 for FY 2027?

The two-bedroom FMR fell 5.7%, from $2,090 in FY 2026 to $1,970 in FY 2027. Since FY 2025 it has risen 37.8%.

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