FY2027 Small Area FMR · Peaks Island, ME
ZIP 04108 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 04108 (Peaks Island, ME) is $2,270 a month, up 14.6% from FY2026. That is 4% below the Portland, ME area-wide FMR of $2,353.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 04108 sits in the Portland, ME area
Of the 45 ZIP codes HUD lists for the area, 04108 has the 27th highest two-bedroom Small Area FMR. Portland, 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 $2,353 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,270 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,580 | $1,422 – $1,738 | $1,639 | $1,370 |
| 1 bedroom | $1,800 | $1,620 – $1,980 | $1,864 | $1,540 |
| 2 bedrooms | $2,270 | $2,043 – $2,497 | $2,353 | $1,980 |
| 3 bedrooms | $2,800 | $2,520 – $3,080 | $2,902 | $2,410 |
| 4 bedrooms | $2,980 | $2,682 – $3,278 | $3,092 | $2,620 |
A household renting a two-bedroom home at the Small Area FMR of $2,270 needs about $90,800 a year to keep housing costs at 30% of income. The area median family income is $139,100 and the 80% low-income limit for four people is $106,800. ZIP code 04108 lies mainly in Cumberland County. See the Portland, ME metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 04108?
HUD's FY2027 Small Area Fair Market Rents for 04108 are $1,580 (studio), $1,800 (1 BR), $2,270 (2 BR), $2,800 (3 BR) and $2,980 (4 BR) a month.
What is the Section 8 payment standard in 04108?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 04108 that range is $2,043 to $2,497 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 04108?
The FY2026 income limits of the Portland, ME area apply: median family income $139,100, low-income (80%) limit $106,800 for a family of four.