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FY 2025 Fair Market Rent Documentation System

The FY 2025 Waldo County, ME FMRs for All Bedroom Sizes

FINAL FY 2025 FMRs By Unit Bedrooms
Year Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom
FY 2025 FMR $946 $952 $1,219 $1,576 $1,694
FY 2024 FMR $886 $892 $1,160 $1,431 $1,606

Belfast city 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 2025 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 annual 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:

    $997 * (258.838/262.2) =

    $984

  2. The annually adjusted survey value of $984 is augmented by the growth in gross rents from the Northeast Census region measured between 2021 and 2023, using annual inflation factors for each year. This calculation is:

    $984 * 1.0687 * 1.0530   =

    $1,108

  3. The CPI adjusted survey value of $1,108 is trended forward to the mid-point of FY2025 using the Northeast Census region trend factor of 1.1009. This calculation is:

    $1,108 * 1.1009   =

    $1,219

Permanent link to this page: http://www.huduser.gov/portal/datasets/fmr/fmrs/FY2025_code/2025summary.odn?&year=2025&fmrtype=FINAL&selection_type=county&fips=2302747245

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Prepared by the Program Parameters and Research Division, HUD. Technical Problems or questions? Contact Us.