Logo Somerset County Fair Market Rent FY 2016 Somerset County, ME Rental Data

Fair Market Rent Prices in Somerset County, ME :
$556 $580 $708 $892 $970
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 61% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Somerset County is $708 per month.

The previous year, rent for a two-bedroom home was $746 per month. This is a 5.09% 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 one county or city in Maine which is listed in the table below. Estimated population of Somerset County, ME FMR area is 60 people based on latest Census data.

Compared to the rest of Maine, the Somerset County FMR area is less expensive than 78% 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 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 $ 585
1-BR 1-Bedroom $ 609
2-BR 2-Bedroom $ 744
3-BR 3-Bedroom $ 937
4-BR 4-Bedroom $ 1020
Change Year:

There is just one county (listed below) within the Somerset County, ME FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Bangor.

County / Region Est. Population
Somerset County, ME 60
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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