FMR is below market; voucher rent may lag private rents.
0.83
1 BR
1 BR
0.82ratio
FMR$1,050
Market$1,280
vs market-$230
FMR is below market; voucher rent may lag private rents.
0.82
2 BR
2 BR
0.87ratio
FMR$1,370
Market$1,570
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.87
3 BR
3 BR
0.97ratio
FMR$1,760
Market$1,810
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.97
4 BR
4 BR
1.33ratio
FMR$2,160
Market$1,620
vs market+$540
FMR is above market; underwrite to market rent.
1.33
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 04962 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04962 (North Vassalboro, ME) is $1,370 a month. That is down 3.5% from $1,420 in FY 2026. North Vassalboro 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, 04962 is tied for the 17th-highest two-bedroom rent (county range $1,280–$1,920).
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 04962
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,090
$1,040
−4.6%
$936–$1,144
1BR
$1,090
$1,050
−3.7%
$945–$1,155
2BR
$1,420
$1,370
−3.5%
$1,233–$1,507
3BR
$1,820
$1,760
−3.3%
$1,584–$1,936
4BR
$2,160
$2,160
0.0%
$1,944–$2,376
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 04962
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,040
$1,050
$1,370
$1,760
$2,160
FY 2026
$1,090
$1,090
$1,420
$1,820
$2,160
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
How much will Section 8 pay for a two-bedroom in ZIP 04962?
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 $1,370 it would be $1,233 to $1,507. 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 04962 in?
ZIP 04962 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 04962 for FY 2027?
The two-bedroom FMR fell 3.5%, from $1,420 in FY 2026 to $1,370 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