Housing market/Maine/ZIP 04747

ACS 2023 · FY2027 SAFMR

ZIP 04747 Island Falls, Aroostook County, Maine

Aroostook County, ME · Maine. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
1,318
Households
575
Median HH income
$61,089
Renter share
16.2%
Median gross rent
$836
Vacancy
37.0%
Pop. change
-0.4%
2BR SAFMR
$1,220
SAFMR / rent
1.459×
2–49 unit stock
59
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 04747 · ME — sent to you.

ZIP 04747 · ME

ACS median rent$836
2BR SAFMR$1,220
90% floor$1,098
110% ceiling$1,342

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 04747

  • 1-unit detached78886.5%
  • 1-unit attached20.2%
  • 2–4 units505.5%
  • 5–49 units91.0%
  • Mobile626.8%
TypeUnitsShare
1-unit detached78886.3%
1-unit attached20.2%
2 units (duplex)262.8%
3–4 units242.6%
5–9 units80.9%
10–19 units10.1%
20–49 units00.0%
50+ units00.0%
Mobile626.8%

2–4 unit share 5.5% · 5–49 unit share 1.0% · combined 2–49 6.5%.

Units by bedrooms

Studio
38
1BR
114
2BR
263
3BR
348
4BR
123
5+
27

Rent burden

Rent ≥30% of income8.6%
Rent ≥50% of income8.6%
  • ACS median gross rent $836 (all bedrooms, occupied rentals).
  • Median contract rent $603.
  • Renters paying ≥30% of income 8.6%; ≥50% 8.6%.
  • FY2027 2BR SAFMR $1,220 (1.459× ACS median gross rent).

Population

1,318 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -0.4%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 04747 16.2% of occupied households are renters; vacancy is 37.0%; ACS median gross rent is $836; population changed -0.4% between the 2018 and 2023 ACS vintages; the housing stock includes 50 units in 2–4-unit structures and 9 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,220 versus ACS median gross rent of $836. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Maine research

ZIP 04747 is a Census / HUD profile for Aroostook County, ME. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Maine research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 04747?

ZIP 04747 (Aroostook County, ME) has 1,318 residents, 575 households, a renter share of 16.2%, median household income of $61,089, and ACS 2023 median gross rent of $836. Vacancy is 37.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 04747?

ACS counts 26 units in 2-unit buildings, 24 in 3–4 unit buildings, 8 in 5–9, 1 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 59 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 04747?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,220. See the full schedule and 90–110% payment-standard band on the ZIP 04747 — Island Falls, ME HUD Section 8 Payment Standards / SAFMR.

Does this Maine ZIP profile include Georgia listings?

No. ZIP 04747 is Census / HUD research for Aroostook County, ME. Jeff Crowe CRE does not list Maine property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.