HUD User Logo

FY 2023 Fair Market Rent Documentation System

Final FY 2023 FMRs By Unit Bedrooms
Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom
$738 $918 $1,103 $1,419 $1,482

Friendship town is part of Knox County, ME, which consists of the following towns: Appleton town, ME; Camden town, ME; Criehaven UT, ME; Cushing town, ME; Friendship town, ME; Hope town, ME; Isle au Haut town, ME; Matinicus Isle plantation, ME; Muscle Ridge Island UT, ME; North Haven town, ME; Owls Head town, ME; Rockland city, ME; Rockport town, ME; St. George town, ME; South Thomaston town, ME; Thomaston town, ME; Union town, ME; Vinalhaven town, ME; Warren town, ME; and Washington town, ME. All information here applies to the entirety of Knox County, ME.

The FY 2023 Fair Market Rents for Knox 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 2021 dollars by multiplying the survey rent value for 2021 by the annual CPI-based Gross Rent value for 2021 divided by the CPI-based Gross Rent value for January, 2021. This calculation is:

    $963 * (258.838/262.2) =

    $951

  2. The annually adjusted survey value of $951 is augmented by the growth in gross rents from the Northeast Census region measured between 2021 and 2022. This calculation is:

    $951 * 1.0390   =

    $988

  3. The CPI adjusted survey value of $988 is trended forward to the mid-point of FY2023 using the Northeast Census region trend factor of 1.1165. This calculation is:

    $988 * 1.1165   =

    $1,103

Permanent link to this page: http://www.huduser.gov/portal/datasets/fmr/fmrs/FY2023_code/2023summary.odn?&year=2023&fmrtype=Final&selection_type=county&fips=2301326805

Select a different area