FY2027 Small Area FMR · Hancock, ME

ZIP 04640 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 04640 (Hancock, ME) is $1,520 a month, unchanged from FY2026. That is 2% above the Hancock County, ME area-wide FMR of $1,484.

2-bedroom SAFMR$1,520per month ■ 0.0%

Area-wide 2 BR FMR$1,484Hancock County, ME

Rank in the area21stof 46 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,368

2 BR Small Area FMR$1,520

110% of SAFMR$1,672

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

Studio$1,190▼ 4.0%

1 BR$1,200▼ 4.0%

2 BR$1,520■ 0.0%

3 BR$2,100▲ 1.4%

4 BR$2,250▲ 8.2%

FY2027 FY2026

Where 04640 sits in the Hancock County, ME area

Of the 46 ZIP codes HUD lists for the area, 04640 has the 21st highest two-bedroom Small Area FMR. Hancock 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 $1,484 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,520 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	$1,163	$1,240
1 bedroom	$1,200	$1,080 – $1,320	$1,171	$1,250
2 bedrooms	$1,520	$1,368 – $1,672	$1,484	$1,520
3 bedrooms	$2,100	$1,890 – $2,310	$2,050	$2,070
4 bedrooms	$2,250	$2,025 – $2,475	$2,198	$2,080

A household renting a two-bedroom home at the Small Area FMR of $1,520 needs about $60,800 a year to keep housing costs at 30% of income. The area median family income is $101,200 and the 80% low-income limit for four people is $80,950. ZIP code 04640 lies mainly in Hancock County. See the Hancock County, ME county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
04677	Sorrento	6.2 mi	$2,230
04664	Sullivan	8.2 mi	$1,490
04609	Bar Harbor	8.8 mi	$1,730
04634	Franklin	9.3 mi	$1,500
04607	Gouldsboro	10.5 mi	$1,730
04605	Ellsworth	11.5 mi	$1,460

Questions

What is the Fair Market Rent for ZIP code 04640?

HUD's FY2027 Small Area Fair Market Rents for 04640 are $1,190 (studio), $1,200 (1 BR), $1,520 (2 BR), $2,100 (3 BR) and $2,250 (4 BR) a month.

What is the Section 8 payment standard in 04640?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 04640 that range is $1,368 to $1,672 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 04640?

The FY2026 income limits of the Hancock County, ME area apply: median family income $101,200, low-income (80%) limit $80,950 for a family of four.