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RentData.org Logo Franklin County Fair Market Rent FY 2021 Franklin County, ME Rental Data

Fair Market Rent Prices in Franklin County, ME :
$549 $628 $753 $1,017 $1,021
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Franklin County are very low compared to the national average. This FMR area is less expensive than 100% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Franklin County is $753 per month.

The previous year, rent for a two-bedroom home was $714 per month. This is a 5.46% increase year-over-year.

This FMR rate applies to Dryden, ME, East Dixfield, ME, East Wilton, ME, North Jay, ME, Weld, ME, Eustis, ME, Farmington Falls, ME, Oquossoc, ME, Temple, ME, West Farmington, ME and other cities within the region. The Metro Code or CBSA code for this region is NCNTY23007N23007.

Additionally, This Fair Market Rent (FMR) area Franklin County, ME spans twenty-six counties or cities in which ares listed in the table below. Estimated population of Franklin County, ME FMR area is 30,185 people based on latest Census data.

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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 Franklin County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Franklin County

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 $ 589
1-BR 1-Bedroom $ 673
2-BR 2-Bedroom $ 808
3-BR 3-Bedroom $ 1092
4-BR 4-Bedroom $ 1096
Change Year:

The counties, cities, towns, and regions listed below fall into the Franklin County, ME FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers two metro areas: Portland - Auburn and Bangor.

County / Region Est. Population
Avon town, ME 560
Carrabassett Valley town, ME 540
Carthage town, ME 675
Chesterville town, ME 1,430
Coplin plantation, ME 100
Dallas plantation, ME 285
East Central Franklin UT, ME 630
Eustis town, ME 460
Farmington town, ME 7,625
Industry town, ME 930
Jay town, ME 4,685
Kingfield town, ME 785
New Sharon town, ME 1,595
New Vineyard town, ME 900
North Franklin UT, ME 30
Phillips town, ME 1,025
Rangeley town, ME 935
Rangeley plantation, ME 165
Sandy River plantation, ME 170
South Franklin UT, ME 115
Strong town, ME 1,415
Temple town, ME 645
Weld town, ME 370
West Central Franklin UT, ME 0
Wilton town, ME 4,010
Wyman UT, ME 105
Zip Codes in Franklin County, ME

There are 21 unique zip codes in this Fair Market Rent (FMR) area:

04224, 04225, 04227, 04234, 04262, 04285, 04294, 04936, 04938, 04940, 04947, 04955, 04956, 04961, 04964, 04966, 04970, 04982, 04983, 04984 and 04992

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