Location: Baltimore-Columbia-Towson, MD | Metro: Baltimore-Columbia-Towson, MD MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,010 |
| 1 Bedroom | $2,150 |
| 2 Bedrooms | $2,650 |
| 3 Bedrooms | $3,310 |
| 4 Bedrooms | $3,680 |
| 5 Bedrooms | $4,269 |
| 6 Bedrooms | $4,781 |
| 7 Bedrooms | $5,163 |
| 8 Bedrooms | $5,421 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,650 | $332,047 | 0.8% | D |
| 3BR | $3,310 | $423,906 | 0.78% | D |
| 4BR | $3,680 | $677,120 | 0.54% | F |
| 5BR | $4,269 | $779,942 | 0.55% | F |
U.S. Census Bureau data (2024)
2680 is the Fair Market Rent (FMR) for ZIP 21114 in Crofton, MD, for fiscal year 2024. This figure represents the maximum amount a landlord can charge for a Section 8 rental agreement in this area. In contrast, the market rent (ZORI) stands at 2410, indicating that landlords participating in the Section 8 program can set rents slightly above the average market rate. The median home value in this ZIP code is 498525, which places it in a relatively affluent neighborhood where homes are valued higher than the national average. Renter share in the area is 19.2%, suggesting that nearly one in five residents are renters, a significant portion but still lower than many urban areas. Median income in Crofton, MD, is 141344, which supports the higher median home values and suggests that residents have the financial stability to afford higher rents. The Days on Market (DOM) for rentals is 12 days, showing that properties listed for rent are typically occupied quickly, which is beneficial for landlords looking to minimize vacancy periods. Lastly, the price-cut share is a mere 0.1%, indicating that very few landlords need to reduce their asking prices to attract tenants, further supporting the strong demand for rental properties in this area.
Based on these figures, the verdict for Section 8 participation in ZIP 21114 is positive. Landlords can expect steady demand and reasonable rental rates that align closely with market conditions, making it a viable option for those interested in serving this community through the Section 8 program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.