FY2027 Small Area FMR · Lewiston, ME

ZIP 04240 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 04240 (Lewiston, ME) is $1,650 a month, up 5.1% from FY2026. That is 2% below the Lewiston-Auburn, ME area-wide FMR of $1,677.

2-bedroom SAFMR$1,650per month ▲ 5.1%

Area-wide 2 BR FMR$1,677Lewiston-Auburn, ME

Rank in the area22ndof 29 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,485

2 BR Small Area FMR$1,650

110% of SAFMR$1,815

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

Studio$1,190▲ 5.3%

1 BR$1,260▲ 4.1%

2 BR$1,650▲ 5.1%

3 BR$2,080▲ 2.5%

4 BR$2,420▲ 6.1%

FY2027 FY2026

Where 04240 sits in the Lewiston-Auburn, ME area

Of the 29 ZIP codes HUD lists for the area, 04240 has the 22nd highest two-bedroom Small Area FMR. Lewiston-Auburn, 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 $1,677 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,650 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	$1,190	$1,071 – $1,309	$1,210	$1,130
1 bedroom	$1,260	$1,134 – $1,386	$1,282	$1,210
2 bedrooms	$1,650	$1,485 – $1,815	$1,677	$1,570
3 bedrooms	$2,080	$1,872 – $2,288	$2,119	$2,030
4 bedrooms	$2,420	$2,178 – $2,662	$2,459	$2,280

A household renting a two-bedroom home at the Small Area FMR of $1,650 needs about $66,000 a year to keep housing costs at 30% of income. The area median family income is $96,600 and the 80% low-income limit for four people is $75,100. ZIP code 04240 lies mainly in Androscoggin County. See the Lewiston-Auburn, ME county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
04210	Auburn	3.9 mi	$1,680
04250	Lisbon	5.4 mi	$1,740
04280	Sabattus	5.7 mi	$1,640
04252	Lisbon Falls	6.7 mi	$1,970
04236	Greene	7.1 mi	$1,770
04258	Minot	8.8 mi	$1,750

Questions

What is the Fair Market Rent for ZIP code 04240?

HUD's FY2027 Small Area Fair Market Rents for 04240 are $1,190 (studio), $1,260 (1 BR), $1,650 (2 BR), $2,080 (3 BR) and $2,420 (4 BR) a month.

What is the Section 8 payment standard in 04240?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 04240 that range is $1,485 to $1,815 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 04240?

The FY2026 income limits of the Lewiston-Auburn, ME area apply: median family income $96,600, low-income (80%) limit $75,100 for a family of four.