FY2027 Small Area FMR · Hanover, ME

ZIP 04237 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 04237 (Hanover, ME) is $1,290 a month, down 6.5% from FY2026. That is 5% above the Oxford County, ME area-wide FMR of $1,224.

2-bedroom SAFMR$1,290per month ▼ 6.5%

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

Rank in the area20thof 38 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,161

2 BR Small Area FMR$1,290

110% of SAFMR$1,419

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

Studio$900▼ 5.3%

1 BR$1,010▼ 3.8%

2 BR$1,290▼ 6.5%

3 BR$1,790▼ 6.8%

4 BR$2,160▼ 6.5%

FY2027 FY2026

Where 04237 sits in the Oxford County, ME area

Of the 38 ZIP codes HUD lists for the area, 04237 has the 20th 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 $1,290 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	$900	$810 – $990	$852	$950
1 bedroom	$1,010	$909 – $1,111	$949	$1,050
2 bedrooms	$1,290	$1,161 – $1,419	$1,224	$1,380
3 bedrooms	$1,790	$1,611 – $1,969	$1,695	$1,920
4 bedrooms	$2,160	$1,944 – $2,376	$2,046	$2,310

A household renting a two-bedroom home at the Small Area FMR of $1,290 needs about $51,600 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 04237 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
04276	Rumford	7.0 mi	$1,170
04226	East Andover	7.2 mi	$1,170
04217	Bethel	9.0 mi	$1,180
04286	West Bethel	9.1 mi	$1,220
04219	Bryant Pond	10.8 mi	$1,290
04255	Greenwood	11.0 mi	$1,710

Questions

What is the Fair Market Rent for ZIP code 04237?

HUD's FY2027 Small Area Fair Market Rents for 04237 are $900 (studio), $1,010 (1 BR), $1,290 (2 BR), $1,790 (3 BR) and $2,160 (4 BR) a month.

What is the Section 8 payment standard in 04237?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 04237 that range is $1,161 to $1,419 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 04237?

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.