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FY 2023 Fair Market Rent Documentation System

Final FY 2023 FMRs By Unit Bedrooms
Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom
$913 $918 $1,165 $1,418 $1,773

Wiscasset town is part of Lincoln County, ME, which consists of the following towns: Alna town, ME; Boothbay town, ME; Boothbay Harbor town, ME; Bremen town, ME; Bristol town, ME; Damariscotta town, ME; Dresden town, ME; Edgecomb town, ME; Hibberts gore, ME; Jefferson town, ME; Louds Island UT, ME; Monhegan plantation, ME; Newcastle town, ME; Nobleboro town, ME; Somerville town, ME; South Bristol town, ME; Southport town, ME; Waldoboro town, ME; Westport Island town, ME; Whitefield town, ME; and Wiscasset town, ME. All information here applies to the entirety of Lincoln County, ME.

The FY 2023 Fair Market Rents for Lincoln 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:

    $1,017 * (258.838/262.2) =

    $1,004

  2. The annually adjusted survey value of $1,004 is augmented by the growth in gross rents from the Northeast Census region measured between 2021 and 2022. This calculation is:

    $1,004 * 1.0390   =

    $1,043

  3. The CPI adjusted survey value of $1,043 is trended forward to the mid-point of FY2023 using the Northeast Census region trend factor of 1.1165. This calculation is:

    $1,043 * 1.1165   =

    $1,165

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=2301587075

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