FY2027 Small Area FMR · Palmyra, ME
ZIP 04965 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 04965 (Palmyra, ME) is $1,460 a month. That is 2% below the Penobscot County, ME (part) area-wide FMR of $1,496.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
Where 04965 sits in the Penobscot County, ME (part) area
Of the 42 ZIP codes HUD lists for the area, 04965 has the 33rd highest two-bedroom Small Area FMR. Penobscot County, ME (part) 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 $1,496 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,460 for this ZIP code instead.
ZIP code 04965 crosses more than one HUD area. HUD also lists it under Somerset County, ME (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,210 | $1,089 – $1,331 | $1,042 | — |
| 1 bedroom | $1,220 | $1,098 – $1,342 | $1,144 | — |
| 2 bedrooms | $1,460 | $1,314 – $1,606 | $1,496 | — |
| 3 bedrooms | $1,970 | $1,773 – $2,167 | $2,039 | — |
| 4 bedrooms | $2,030 | $1,827 – $2,233 | $2,096 | — |
A household renting a two-bedroom home at the Small Area FMR of $1,460 needs about $58,400 a year to keep housing costs at 30% of income. The area median family income is $79,000 and the 80% low-income limit for four people is $73,500. ZIP code 04965 lies mainly in Somerset County. See the Penobscot County, ME (part) county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 04965?
HUD's FY2027 Small Area Fair Market Rents for 04965 are $1,210 (studio), $1,220 (1 BR), $1,460 (2 BR), $1,970 (3 BR) and $2,030 (4 BR) a month.
What is the Section 8 payment standard in 04965?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 04965 that range is $1,314 to $1,606 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 04965?
The FY2026 income limits of the Penobscot County, ME (part) area apply: median family income $79,000, low-income (80%) limit $73,500 for a family of four.