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Waldo County/Monroe/04951

04951

ZIPSAFMR
Waldo County, ME
Zillow

ZIP Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$1,280$1,280
1 BR$1,290$1,290
2 BR$1,540$1,540
3 BR$1,990$1,990
4 BR$2,230$2,230
5 BR$2,565Not available
6 BR$2,949Not available
7 BR$3,392Not available
8 BR$3,900Not available

Purchase Price Calculator

Maximum purchase price
$166,927

Cost breakdown

+Likely effective rent$1,540
HUD FMRUsed$1,540
Market rentN/A
Est. payment standardN/A
-Principal and interest-$844
Loan amount$133,542
Down payment$33,385
Rate6.50%
Term30 years
-Operating costs-$496
Property taxes-$167
Insurance-$175
Utilities$0
HOA$0
Management-$154
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,820(74.3% ROI)
Projected value
$179,762
Return breakdown
Property appreciation+$12,835
Loan principal paid down+$4,784
Rental cash flow+$7,200
5-year hold
+$42,468(127.2% ROI)
Projected value
$188,862
Return breakdown
Property appreciation+$21,936
Loan principal paid down+$8,532
Rental cash flow+$12,000
10-year hold
+$91,084(272.8% ROI)
Projected value
$213,681
Return breakdown
Property appreciation+$46,754
Loan principal paid down+$20,330
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 04951 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04951 (Monroe, ME) is $1,540 a month. That is down 8.3% from $1,680 in FY 2026. Monroe is in the Waldo 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 $1,367. Among 21 ZIP codes in Waldo County, 04951 has the 6th-highest two-bedroom rent (county range $1,300–$2,130). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04951 is 12% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04951
BedroomsFY 2027Change90–110% range
Studio$1,280−5.2%$1,152–$1,408
1BR$1,290−5.1%$1,161–$1,419
2BR$1,540−8.3%$1,386–$1,694
3BR$1,990−8.7%$1,791–$2,189
4BR$2,230−5.9%$2,007–$2,453

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04951
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,280$1,290$1,540$1,990$2,230
FY 2026$1,350$1,360$1,680$2,180$2,370
FY 2025$1,160$1,160$1,490$1,930$2,070
FY 2024area FMR$886$892$1,160$1,431$1,606
FY 2023area FMR$891$896$1,142$1,390$1,694

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

Two-bedroom rent in nearby Waldo County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04951
04915$1,320−14.3%
04921$1,360−11.7%
04922$1,420−7.8%
04932$2,130+38.3%
04941$1,300−15.6%
04949$1,380−10.4%
04951Current$1,540—
04952$1,380−10.4%
04973$1,300−15.6%
04974$1,310−14.9%
04981$1,630+5.8%
04986$1,330−13.6%

Questions about ZIP 04951 rents

How much will Section 8 pay for a two-bedroom in ZIP 04951?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,367, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,230 to $1,504 a month; under the ZIP-level Small Area FMR of $1,540 it would be $1,386 to $1,694. 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 04951 in?

ZIP 04951 is in the Waldo County, ME non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,367.

How much did fair market rent change in ZIP 04951 for FY 2027?

The two-bedroom FMR fell 8.3%, from $1,680 in FY 2026 to $1,540 in FY 2027. Since FY 2025 it has risen 3.4%.

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