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Waldo County/Thorndike/04986

04986

ZIPSAFMR
Waldo County, ME
Zillow

ZIP Investment Score

58Below average

095130300
BRFMR
Eff. Rent
0 BR$1,110$1,110
1 BR$1,120$1,120
2 BR$1,330$1,330
3 BR$1,720$1,720
4 BR$1,930$1,930
5 BR$2,220Not available
6 BR$2,552Not available
7 BR$2,935Not available
8 BR$3,376Not available

Purchase Price Calculator

Maximum purchase price
$135,721

Cost breakdown

+Likely effective rent$1,330
HUD FMRUsed$1,330
Market rentN/A
Est. payment standardN/A
-Principal and interest-$686
Loan amount$108,577
Down payment$27,144
Rate6.50%
Term30 years
-Operating costs-$444
Property taxes-$136
Insurance-$175
Utilities$0
HOA$0
Management-$133
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,526(79.3% ROI)
Projected value
$146,157
Return breakdown
Property appreciation+$10,436
Loan principal paid down+$3,890
Rental cash flow+$7,200
5-year hold
+$36,772(135.5% ROI)
Projected value
$153,556
Return breakdown
Property appreciation+$17,835
Loan principal paid down+$6,937
Rental cash flow+$12,000
10-year hold
+$78,543(289.4% ROI)
Projected value
$173,734
Return breakdown
Property appreciation+$38,013
Loan principal paid down+$16,530
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
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Tax rate
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Mortgage rate
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ZIP 04986 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04986 (Thorndike, ME) is $1,330 a month. That is down 6.3% from $1,420 in FY 2026. Thorndike 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, 04986 has the 15th-highest two-bedroom rent (county range $1,300–$2,130). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04986 is 3% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04986
BedroomsFY 2027Change90–110% range
Studio$1,110−2.6%$999–$1,221
1BR$1,120−2.6%$1,008–$1,232
2BR$1,330−6.3%$1,197–$1,463
3BR$1,720−7.0%$1,548–$1,892
4BR$1,930−4.0%$1,737–$2,123

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04986
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,110$1,120$1,330$1,720$1,930
FY 2026$1,140$1,150$1,420$1,850$2,010
FY 2025$970$980$1,250$1,620$1,740
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. 04986
04922$1,420+6.8%
04932$2,130+60.2%
04941$1,300−2.3%
04949$1,380+3.8%
04951$1,540+15.8%
04952$1,380+3.8%
04973$1,300−2.3%
04974$1,310−1.5%
04981$1,630+22.6%
04986Current$1,330—
04987$1,710+28.6%
04988$1,300−2.3%

Questions about ZIP 04986 rents

How much will Section 8 pay for a two-bedroom in ZIP 04986?

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 $1,330 it would be $1,197 to $1,463. 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 04986 in?

ZIP 04986 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 04986 for FY 2027?

The two-bedroom FMR fell 6.3%, from $1,420 in FY 2026 to $1,330 in FY 2027. Since FY 2025 it has risen 6.4%.

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