FY2021 Fair Market Rents — Aroostook County, ME
The HUD-published Fair Market Rents for FY2021 in this area are:
Studio
$492
1BR
$605
2BR
$734
3BR
$992
4BR
$1,140
Hours/week at min wage
39 hrs
to afford the 2BR FMR @ $14.65/hr (ME)
YoY change (2BR)
+2.8%
+$20 vs FY2020
Voucher payment standard
$661–$807
PHAs set HCV payment at 90–110% of the 2BR FMR
Aroostook County, ME
Non-Metropolitan area · ME · View full history · Income limits · LIHTC rents
FY2021 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $492 | $5,904 |
| 1-Bedroom | $605 | $7,260 |
| 2-Bedroom | $734 | $8,808 |
| 3-Bedroom | $992 | $11,904 |
| 4-Bedroom | $1,140 | $13,680 |
Recent 2-Bedroom FMR Trend
FY2017 $681 → FY2021 $734
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2021 | $492 | $605 | $734 | $992 | $1,140 |
| FY2020 | $520 | $602 | $714 | $989 | $1,076 |
| FY2019 | $563 | $633 | $742 | $1,000 | $1,073 |
| FY2018 | $548 | $602 | $697 | $924 | $1,011 |
| FY2017 | $533 | $584 | $681 | $877 | $950 |
View full FMR history back to FY2000 →
FY2021 Income Limits
Area Median Income (AMI): $54,900
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $13,450 | $17,420 | $21,960 | $26,500 | $31,040 | $35,580 |
| 50% AMI (Very Low) | $22,400 | $25,600 | $28,800 | $32,000 | $34,600 | $37,150 |
| 80% AMI (Low) | $35,850 | $41,000 | $46,100 | $51,200 | $55,300 | $59,400 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$8,808/yr
FMR as % of Area Median Income
16% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$29,360/yr
$2,447/mo gross income
FY2021 LIHTC Maximum Rents
Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →
| AMI Band | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 50% AMI Maximum | $480 | $549 | $617 | $741 | $796 |
| 60% AMI Maximum | $576 | $658 | $741 | $889 | $955 |
FY2021 HOME Program Rent Limits
Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $492 | $605 | $734 | $892 | $892 |
| Low HOME Rent | $560 | $640 | $720 | $800 | $865 |
Compare Aroostook County, ME With Other ME Metros
vs. Bangor, ME HUD Metro FMR Area
vs. Cumberland County, ME (part) HUD Metro FMR Area
vs. Lewiston-Auburn, ME MSA
vs. Penobscot County, ME (part) HUD Metro FMR Area
vs. Portland, ME HUD Metro FMR Area