Logo Bangor Fair Market Rent FY 2021 Bangor, ME HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Bangor, ME :
$708 $826 $1,057 $1,315 $1,729
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Bangor are high compared to the national average. This FMR area is more expensive than 89% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Bangor is $1,057 per month.

The previous year, rent for a two-bedroom home was $943 per month. This is a 12.09% increase year-over-year.

This FMR rate applies to Winn, ME, Passadumkeag, ME, Stacyville, ME, Burlington, ME, Stillwater, ME, East Newport, ME, Lagrange, ME, Lee, ME, Exeter, ME, Garland, ME and other cities within the region. The Metro Code or CBSA code for this region is METRO12620MM0730.

Additionally, This Fair Market Rent (FMR) area Bangor, ME HUD Metro FMR Area spans fourteen counties or cities in Maine which ares listed in the table below. Estimated population of Bangor, ME HUD Metro FMR Area FMR area is 0 people based on 2000 Census data.

Compared to the rest of Maine, the Bangor FMR area is more expensive than 70% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Bangor. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Bangor

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 741
1-BR 1-Bedroom $ 865
2-BR 2-Bedroom $ 1107
3-BR 3-Bedroom $ 1377
4-BR 4-Bedroom $ 1811
Change Year:

The counties, cities, towns, and regions listed below fall into the Bangor, ME HUD Metro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Bangor.

County / Region Est. Population
Bangor city, ME Metro 0
Brewer city, ME Metro 0
Eddington town, ME Metro 0
Glenburn town, ME Metro 0
Hampden town, ME Metro 0
Hermon town, ME Metro 0
Holden town, ME Metro 0
Kenduskeag town, ME Metro 0
Milford town, ME Metro 0
Old Town city, ME Metro 0
Orono town, ME Metro 0
Orrington town, ME Metro 0
Penobscot Indian Island Reservation, ME Metro 0
Veazie town, ME Metro 0
Zip Codes in Bangor, ME HUD Metro FMR Area

There are 44 unique zip codes in this Fair Market Rent (FMR) area:

04401, 04402, 04410, 04411, 04412, 04417, 04418, 04419, 04422, 04427, 04428, 04430, 04434, 04435, 04444, 04448, 04449, 04450, 04453, 04455, 04456, 04457, 04460, 04461, 04462, 04468, 04469, 04473, 04474, 04475, 04479, 04488, 04489, 04493, 04495, 04765, 04777, 04928, 04930, 04932, 04933, 04939, 04953 and 04969

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