Location: Baltimore-Columbia-Towson, MD | Metro: Baltimore-Columbia-Towson, MD MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,480 |
| 1 Bedroom | $1,580 |
| 2 Bedrooms | $1,950 |
| 3 Bedrooms | $2,440 |
| 4 Bedrooms | $2,710 |
| 5 Bedrooms | $3,144 |
| 6 Bedrooms | $3,521 |
| 7 Bedrooms | $3,803 |
| 8 Bedrooms | $3,993 |
U.S. Census Bureau data (2024)
The ZIP code 21105 stands out due to its unique demographic characteristics and rental dynamics. With only 36 residents, this area is entirely composed of renters, indicating a specialized market focused solely on short-term and subsidized housing. The absence of data on median income and median home value suggests that traditional metrics do not apply here, likely because of the high dependency on government assistance for housing.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 21105 is set at $1890 for fiscal year 2024. This figure represents the maximum amount that a landlord can receive through the Section 8 program for a unit in this ZIP code. The lack of available market rent data means that the FMR serves as the primary benchmark for rental rates in the area, guiding both landlords and tenants on what is considered a reasonable cost for housing.
The data signature for ZIP 21105 reads as stable. The complete reliance on rental vouchers indicates a consistent demand for subsidized housing, which is unlikely to fluctuate significantly without changes in federal policy. Landlords should expect a steady stream of tenants who qualify for the Section 8 program, ensuring long-term stability in their rental income. However, they must also be prepared to comply with the regulations associated with the Section 8 program, including regular inspections and maintenance requirements.
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.