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Somerset County/Cambridge/04923

04923

ZIPSAFMR
Somerset County, ME
Zillow

ZIP Investment Score

77Below average

095130300
BRFMR
Eff. Rent
0 BR$1,030$1,030
1 BR$1,040$1,040
2 BR$1,240$1,240
3 BR$1,670$1,670
4 BR$1,730$1,730
5 BR$1,989Not available
6 BR$2,288Not available
7 BR$2,631Not available
8 BR$3,026Not available

Purchase Price Calculator

Maximum purchase price
$122,347

Cost breakdown

+Likely effective rent$1,240
HUD FMRUsed$1,240
Market rentN/A
Est. payment standardN/A
-Principal and interest-$619
Loan amount$97,878
Down payment$24,469
Rate6.50%
Term30 years
-Operating costs-$421
Property taxes-$122
Insurance-$175
Utilities$0
HOA$0
Management-$124
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,114(82.2% ROI)
Projected value
$131,754
Return breakdown
Property appreciation+$9,407
Loan principal paid down+$3,507
Rental cash flow+$7,200
5-year hold
+$34,331(140.3% ROI)
Projected value
$138,424
Return breakdown
Property appreciation+$16,077
Loan principal paid down+$6,253
Rental cash flow+$12,000
10-year hold
+$73,168(299.0% ROI)
Projected value
$156,615
Return breakdown
Property appreciation+$34,268
Loan principal paid down+$14,901
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 04923 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04923 (Cambridge, ME) is $1,240 a month. That is down 2.4% from $1,270 in FY 2026. Cambridge is in the Somerset 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 $1,242. Among 30 ZIP codes in Somerset County, 04923 is tied for the 20th-highest two-bedroom rent (county range $1,140–$1,860). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04923 is 10% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04923
BedroomsFY 2027Change90–110% range
Studio$1,030+1.0%$927–$1,133
1BR$1,040−4.6%$936–$1,144
2BR$1,240−2.4%$1,116–$1,364
3BR$1,670−1.2%$1,503–$1,837
4BR$1,730−4.9%$1,557–$1,903

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04923
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,030$1,040$1,240$1,670$1,730
FY 2026$1,020$1,090$1,270$1,690$1,820
FY 2025$840$910$1,050$1,350$1,510
FY 2024area FMR$815$846$1,026$1,269$1,465
FY 2023area FMR$717$721$920$1,140$1,288

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

Two-bedroom rent in nearby Somerset County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04923
04911$1,200−3.2%
04912$1,150−7.3%
04920$1,140−8.1%
04923Current$1,240—
04924$1,630+31.5%
04925$1,2400.0%
04927$1,490+20.2%
04929$1,300+4.8%
04930$1,520+22.6%
04937$1,280+3.2%
04942$1,280+3.2%
04943$1,140−8.1%

Questions about ZIP 04923 rents

How much will Section 8 pay for a two-bedroom in ZIP 04923?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,242, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,118 to $1,366 a month; under the ZIP-level Small Area FMR of $1,240 it would be $1,116 to $1,364. 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 04923 in?

ZIP 04923 is in the Somerset County, ME non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,242.

How much did fair market rent change in ZIP 04923 for FY 2027?

The two-bedroom FMR fell 2.4%, from $1,270 in FY 2026 to $1,240 in FY 2027. Since FY 2025 it has risen 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 rentCambridge, ME fair market rentME statewide rentsWhat is SAFMR?Data sources