HUD User Logo

FY 2022 Fair Market Rent Documentation System

Final FY 2022 FMRs By Unit Bedrooms
Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom
$837 $842 $1,041 $1,287 $1,675

Prospect town is part of Waldo County, ME, which consists of the following towns: Belfast city, ME; Belmont town, ME; Brooks town, ME; Burnham town, ME; Frankfort town, ME; Freedom town, ME; Islesboro town, ME; Jackson town, ME; Knox town, ME; Liberty town, ME; Lincolnville town, ME; Monroe town, ME; Montville town, ME; Morrill town, ME; Northport town, ME; Palermo town, ME; Prospect town, ME; Searsmont town, ME; Searsport town, ME; Stockton Springs town, ME; Swanville town, ME; Thorndike town, ME; Troy town, ME; Unity town, ME; Waldo town, ME; and Winterport town, ME. All information here applies to the entirety of Waldo County, ME.

The FY 2022 Fair Market Rents for Waldo County, ME are based on the results of a local rent survey conducted in January, 2021.

The locally conducted survey is more current than the available ACS data. Therefore HUD calculates the locally based survey 2-bedroom FMR using the following steps:

  1. The local survey is adjusted to 2020 dollars by multiplying the survey rent value for 2021 by the annual CPI-U value for 2021 divided by the CPI-U value for January, 2021. This calculation is:

    $997 * (258.844/262.231) =

    $984

  2. The annually adjusted survey value of $984 is trended forward to the mid-point of FY2022 using the Northeast Census region trend factor of 1.0577. This calculation is:

    $984 * 1.0577   =

    $1,041

Permanent link to this page: http://www.huduser.gov/portal/datasets/fmr/fmrs/FY2022_code/2022summary.odn?&year=2022&fmrtype=Final&selection_type=county&fips=2302761210

Select a different area