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RentData.org Logo Somerset County Fair Market Rent FY 2014 Somerset County, ME Rental Data

Fair Market Rent Prices in Somerset County, ME :
$566 $593 $706 $961 $964
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Non-Metro

Fair Market Rent prices in Somerset County are average compared to the national average. This FMR area is more expensive than 74% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Somerset County is $706 per month.

The previous year, rent for a two-bedroom home was $722 per month. This is a 2.22% decrease year-over-year.

This FMR rate applies to Rockwood, ME, West Forks, ME, Cambridge, ME, New Portland, ME, Caratunk, ME, Shawmut, ME, Hinckley, ME, Detroit, ME, Athens, ME, Solon, ME and other cities within the region. The Metro Code or CBSA code for this region is NCNTY23025N23025.

Additionally, This Fair Market Rent (FMR) area Somerset County, ME spans thirty-seven counties or cities in Maine which ares listed in the table below. Estimated population of Somerset County, ME FMR area is 52,228 people based on latest Census data.

Compared to the rest of Maine, the Somerset County FMR area is less expensive than 67% of the state.

Maine Rents Map

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

Median Rent Prices in Somerset 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 $ 599
1-BR 1-Bedroom $ 627
2-BR 2-Bedroom $ 747
3-BR 3-Bedroom $ 1016
4-BR 4-Bedroom $ 1020
Change Year:

The counties, cities, towns, and regions listed below fall into the Somerset County, ME 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
West Forks plantation, ME 60
The Forks plantation, ME 37
Starks town, ME 640
Solon town, ME 1,053
Smithfield town, ME 1,033
Skowhegan town, ME 8,589
Seboomook Lake UT, ME 48
St. Albans town, ME 2,005
Ripley town, ME 488
Pleasant Ridge plantation, ME 93
Pittsfield town, ME 4,215
Palmyra town, ME 1,986
Northwest Somerset UT, ME 62
Northeast Somerset UT, ME 390
Norridgewock town, ME 3,367
New Portland town, ME 718
Moscow town, ME 512
Moose River town, ME 218
Mercer town, ME 664
Madison town, ME 4,855
Jackman town, ME 862
Highland plantation, ME 73
Hartland town, ME 1,782
Harmony town, ME 939
Fairfield town, ME 6,735
Embden town, ME 939
Detroit town, ME 852
Dennistown plantation, ME 33
Cornville town, ME 1,314
Central Somerset UT, ME 338
Caratunk town, ME 69
Canaan town, ME 2,275
Cambridge town, ME 462
Brighton plantation, ME 70
Bingham town, ME 922
Athens town, ME 1,019
Anson town, ME 2,511
Zip Codes in Somerset County, ME

There are 22 unique zip codes in this Fair Market Rent (FMR) area:

04478, 04911, 04912, 04920, 04923, 04924, 04925, 04929, 04943, 04944, 04945, 04950, 04954, 04957, 04958, 04965, 04967, 04971, 04975, 04976, 04979 and 04985

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