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Kennebec County/Waterville/04901

04901

ZIPSAFMR
Kennebec County, ME
Zillow

ZIP Investment Score

114Above average

095130300
BRFMR
Eff. Rent
0 BR$1,030$1,130
1 BR$1,040$1,140
2 BR$1,360$1,450
3 BR$1,750$1,860
4 BR$2,140$2,050
5 BR$2,461Not available
6 BR$2,830Not available
7 BR$3,255Not available
8 BR$3,743Not available

Purchase Price Calculator

Maximum purchase price
$153,553

Cost breakdown

+Likely effective rent$1,450
HUD FMR$1,360
Market rent$1,500
Est. payment standard (107%)Used$1,450
-Principal and interest-$776
Loan amount$122,842
Down payment$30,711
Rate6.50%
Term30 years
-Operating costs-$474
Property taxes-$154
Insurance-$175
Utilities$0
HOA$0
Management-$145
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,408(76.2% ROI)
Projected value
$165,360
Return breakdown
Property appreciation+$11,807
Loan principal paid down+$4,401
Rental cash flow+$7,200
5-year hold
+$40,027(130.3% ROI)
Projected value
$173,731
Return breakdown
Property appreciation+$20,178
Loan principal paid down+$7,848
Rental cash flow+$12,000
10-year hold
+$85,709(279.1% ROI)
Projected value
$196,561
Return breakdown
Property appreciation+$43,008
Loan principal paid down+$18,701
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.87
1 BR
0.87
2 BR
0.91
3 BR
0.91
4 BR
1.04
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 04901 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04901 (Waterville, ME) is $1,360 a month. That is down 3.5% from $1,410 in FY 2026. Waterville is in the Kennebec 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 $1,374. Among 38 ZIP codes in Kennebec County, 04901 has the 26th-highest two-bedroom rent (county range $1,280–$1,920).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04901
BedroomsFY 2027Change90–110% range
Studio$1,030−4.6%$927–$1,133
1BR$1,040−3.7%$936–$1,144
2BR$1,360−3.5%$1,224–$1,496
3BR$1,750−3.3%$1,575–$1,925
4BR$2,140−0.5%$1,926–$2,354

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04901
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,030$1,040$1,360$1,750$2,140
FY 2026$1,080$1,080$1,410$1,810$2,150
FY 2025$890$900$1,160$1,450$1,740
FY 2024area FMR$857$860$1,104$1,374$1,622
FY 2023area FMR$754$759$971$1,203$1,443

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

Two-bedroom rent in nearby Kennebec County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04901
04901Current$1,360—
04903$1,370+0.7%
04910$1,880+38.2%
04917$1,280−5.9%
04918$1,280−5.9%
04926$1,370+0.7%
04927$1,490+9.6%
04935$1,370+0.7%
04937$1,280−5.9%
04962$1,370+0.7%
04963$1,280−5.9%
04988$1,300−4.4%

Questions about ZIP 04901 rents

How much will Section 8 pay for a two-bedroom in ZIP 04901?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,374, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,237 to $1,511 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 04901 in?

ZIP 04901 is in the Kennebec County, ME non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,374.

How much did fair market rent change in ZIP 04901 for FY 2027?

The two-bedroom FMR fell 3.5%, from $1,410 in FY 2026 to $1,360 in FY 2027. Since FY 2025 it has risen 17.2%.

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