FY2027 Small Area FMR · Lovell, ME

ZIP 04051 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 04051 (Lovell, ME) is $1,790 a month, down 1.6% from FY2026. That is 46% above the Oxford County, ME area-wide FMR of $1,224.

2-bedroom SAFMR$1,790per month ▼ 1.6%

Area-wide 2 BR FMR$1,224Oxford County, ME

Rank in the area2ndof 38 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,611

2 BR Small Area FMR$1,790

110% of SAFMR$1,969

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,250■ 0.0%

1 BR$1,390■ 0.0%

2 BR$1,790▼ 1.6%

3 BR$2,480▼ 2.0%

4 BR$2,990▼ 2.0%

FY2027 FY2026

Where 04051 sits in the Oxford County, ME area

Of the 38 ZIP codes HUD lists for the area, 04051 has the 2nd highest two-bedroom Small Area FMR. Oxford County, ME is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,224 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,790 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,250	$1,125 – $1,375	$852	$1,250
1 bedroom	$1,390	$1,251 – $1,529	$949	$1,390
2 bedrooms	$1,790	$1,611 – $1,969	$1,224	$1,820
3 bedrooms	$2,480	$2,232 – $2,728	$1,695	$2,530
4 bedrooms	$2,990	$2,691 – $3,289	$2,046	$3,050

A household renting a two-bedroom home at the Small Area FMR of $1,790 needs about $71,600 a year to keep housing costs at 30% of income. The area median family income is $81,000 and the 80% low-income limit for four people is $73,500. ZIP code 04051 lies mainly in Oxford County. See the Oxford County, ME county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
04040	Harrison	4.6 mi	$1,650
04267	North Waterford	4.7 mi	$1,400
04231	Stoneham	4.9 mi	$1,420
04037	Fryeburg	6.9 mi	$1,280
04088	Waterford	8.1 mi	$1,400
03813	Center Conway	9.8 mi	$1,770

Questions

What is the Fair Market Rent for ZIP code 04051?

HUD's FY2027 Small Area Fair Market Rents for 04051 are $1,250 (studio), $1,390 (1 BR), $1,790 (2 BR), $2,480 (3 BR) and $2,990 (4 BR) a month.

What is the Section 8 payment standard in 04051?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 04051 that range is $1,611 to $1,969 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 04051?

The FY2026 income limits of the Oxford County, ME area apply: median family income $81,000, low-income (80%) limit $73,500 for a family of four.