Somerset County Fair Market Rent FY 2023 Somerset County, ME Rental Data

Fair Market Rent prices in Somerset County are average compared to the national average. This FMR area is more expensive than 65% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Somerset County is $920 per month.

The previous year, rent for a two-bedroom home was $850 per month. This is a 8.24% increase 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 50,573 people based on latest Census data.

Compared to the rest of Maine, the Somerset County FMR area is less expensive than 80% of the state.

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.

50^th Percentile Rental Prices: