Section 8 Fair Market Rent (FMR) for ZIP 21010 - 2027

Location: Baltimore-Columbia-Towson, MD | Metro: Baltimore-Columbia-Towson, MD MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$2,290
1 Bedroom	$2,440
2 Bedrooms	$3,010
3 Bedrooms	$3,760
4 Bedrooms	$4,180
5 Bedrooms	$4,849
6 Bedrooms	$5,431
7 Bedrooms	$5,865
8 Bedrooms	$6,158

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

239

Median Household Income

$99,410

Housing Units

117

Renter Percentage

100.0%

Occupancy Rate

47.0%

Renter Occupied

The ZIP code 21010, located in Anne Arundel County, Maryland, is characterized by its proximity to Annapolis and its vibrant mix of residential and commercial properties. This area benefits from a strong demand for rental housing and a stable economic base, making it attractive for landlords and small-portfolio investors.

The Fair Market Rent (FMR) for ZIP 21010 in fiscal year 2024 is set at $1,900. This figure represents the benchmark for affordable housing programs and indicates the minimum rent that can be charged for units qualifying under these initiatives.
The average market rent for the area is $3,147, according to the latest Census American Community Survey (ACS) data. This reflects the higher end of the rental spectrum, where competitive market rates exceed government-set standards.
The median income for residents in ZIP 21010 is $99,410. This relatively high income level supports a robust rental market, with tenants able to afford above-average rents.
A full 100% of households in this ZIP code are renters, indicating a significant lack of owner-occupied homes and a strong preference for renting over owning among local residents.
The median home value is listed as N/A, which suggests that the majority of the housing stock consists of rentals rather than owner-occupied homes, further reinforcing the area's reliance on the rental market.
The Days on Market (DOM) statistic is also listed as N/A, likely due to the dominance of rental properties over sales listings, but it implies that rental units are typically occupied quickly once they become available.

In summary, ZIP 21010 presents a highly favorable environment for rental investments, with a strong rental market driven by high median incomes and a complete absence of owner-occupied homes. The disparity between the FMR and market rent points to potential opportunities for maximizing returns while still catering to the needs of a diverse tenant pool. Given the rapid turnover implied by the DOM figure being unavailable, landlords should expect steady occupancy rates and minimal vacancy periods, leading to consistent cash flow.

Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.