Location: Baltimore-Columbia-Towson, MD | Metro: Baltimore-Columbia-Towson, MD MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,450 |
| 1 Bedroom | $1,550 |
| 2 Bedrooms | $1,910 |
| 3 Bedrooms | $2,390 |
| 4 Bedrooms | $2,660 |
| 5 Bedrooms | $3,086 |
| 6 Bedrooms | $3,456 |
| 7 Bedrooms | $3,732 |
| 8 Bedrooms | $3,919 |
U.S. Census Bureau data (2024)
The rent math in ZIP code 21136, located in Reisterstown, MD, within the Baltimore-Columbia-Towson, MD MSA metro area, is favorable. The Fair Market Rent (FMR) set at $1900 for the fiscal year 2024 exceeds the current market rent of $1,489 (ZORI), indicating that landlords can charge above-market rates through the Section 8 program. This creates an opportunity for higher rental income without compromising on tenant occupancy.
Acquisition in this area is relatively affordable. With a median home value of $408,352, combined with a quick 14-day Days on Market (DOM) and a minimal 0.2% price-cut share, it suggests that homes are selling quickly at or near their asking price. This environment supports a stable real estate market where investments are likely to yield positive returns, especially considering the potential for above-market rents through Section 8.
Tenant demand is strong in ZIP 21136. The population of 32,088 residents includes a significant 20.6% who are renters. This substantial renter base provides a steady pool of potential tenants for Section 8 properties, ensuring consistent occupancy and rental income.
Verdict: Reisterstown, MD, represented by ZIP code 21136, presents a viable investment opportunity for landlords and small-portfolio investors interested in Section 8 housing. The rent math works in favor of higher income through above-market rates, acquisitions are affordable given the quick sales and stable pricing, and there is robust tenant demand due to the sizeable renter population. These factors collectively support a successful Section 8 real estate strategy in this area.
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.