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Franklin County/Kingfield/04947

04947

ZIPSAFMR
Franklin County, ME
Zillow

ZIP Investment Score

50Below average

095130300
BRFMR
Eff. Rent
0 BR$1,080$1,080
1 BR$1,180$1,180
2 BR$1,550$1,550
3 BR$2,150$2,150
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
$168,413

Cost breakdown

+Likely effective rent$1,550
HUD FMRUsed$1,550
Market rentN/A
Est. payment standardN/A
-Principal and interest-$852
Loan amount$134,730
Down payment$33,683
Rate6.50%
Term30 years
-Operating costs-$498
Property taxes-$168
Insurance-$175
Utilities$0
HOA$0
Management-$155
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,976(74.2% ROI)
Projected value
$181,362
Return breakdown
Property appreciation+$12,949
Loan principal paid down+$4,827
Rental cash flow+$7,200
5-year hold
+$42,739(126.9% ROI)
Projected value
$190,544
Return breakdown
Property appreciation+$22,131
Loan principal paid down+$8,608
Rental cash flow+$12,000
10-year hold
+$91,681(272.2% ROI)
Projected value
$215,583
Return breakdown
Property appreciation+$47,170
Loan principal paid down+$20,511
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 04947 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04947 (Kingfield, ME) is $1,550 a month. That is down 1.3% from $1,570 in FY 2026. Kingfield is in the Franklin 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 $1,264. Among 22 ZIP codes in Franklin County, 04947 has the highest two-bedroom rent (county range $1,190–$1,550). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04947 is 13% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04947
BedroomsFY 2027Change90–110% range
Studio$1,0800.0%$972–$1,188
1BR$1,180−1.7%$1,062–$1,298
2BR$1,550−1.3%$1,395–$1,705
3BR$2,150+3.4%$1,935–$2,365
4BR$2,590+23.9%$2,331–$2,849

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04947
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,080$1,180$1,550$2,150$2,590
FY 2026$1,080$1,200$1,570$2,080$2,090
FY 2025$950$1,050$1,380$1,820$1,830
FY 2024area FMR$723$812$1,067$1,416$1,421
FY 2023area FMR$632$713$939$1,257$1,261

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

Two-bedroom rent in nearby Franklin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04947
04936$1,410−9.0%
04938$1,300−16.1%
04940$1,260−18.7%
04947Current$1,550—
04955$1,370−11.6%
04956$1,230−20.6%
04961$1,490−3.9%
04964$1,190−23.2%
04966$1,260−18.7%
04970$1,190−23.2%
04982$1,290−16.8%
04983$1,200−22.6%

Questions about ZIP 04947 rents

How much will Section 8 pay for a two-bedroom in ZIP 04947?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,264, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,138 to $1,390 a month; under the ZIP-level Small Area FMR of $1,550 it would be $1,395 to $1,705. 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 04947 in?

ZIP 04947 is in the Franklin County, ME non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,264.

How much did fair market rent change in ZIP 04947 for FY 2027?

The two-bedroom FMR fell 1.3%, from $1,570 in FY 2026 to $1,550 in FY 2027. Since FY 2025 it has risen 12.3%.

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