Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔ Logo Somerset County Fair Market Rent FY 2023 Somerset County, ME Rental Data

Fair Market Rent Prices in Somerset County, ME :
$717 $721 $920 $1,140 $1,288
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 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.

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 $ 750
1-BR 1-Bedroom $ 755
2-BR 2-Bedroom $ 963
3-BR 3-Bedroom $ 1193
4-BR 4-Bedroom $ 1348
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 65
The Forks plantation, ME 36
Starks town, ME 495
Solon town, ME 843
Smithfield town, ME 988
Skowhegan town, ME 8,256
Seboomook Lake UT, ME 40
St. Albans town, ME 1,949
Ripley town, ME 436
Pleasant Ridge plantation, ME 57
Pittsfield town, ME 4,020
Palmyra town, ME 2,159
Northwest Somerset UT, ME 0
Northeast Somerset UT, ME 375
Norridgewock town, ME 3,231
New Portland town, ME 567
Moscow town, ME 507
Moose River town, ME 219
Mercer town, ME 796
Madison town, ME 4,675
Jackman town, ME 756
Highland plantation, ME 65
Hartland town, ME 1,652
Harmony town, ME 862
Fairfield town, ME 6,557
Embden town, ME 723
Detroit town, ME 905
Dennistown plantation, ME 37
Cornville town, ME 1,586
Central Somerset UT, ME 428
Caratunk town, ME 48
Canaan town, ME 2,423
Cambridge town, ME 598
Brighton plantation, ME 60
Bingham town, ME 822
Athens town, ME 786
Anson town, ME 2,551
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

Lookup Fair Market Rent by Zip Code
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