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 | $1,370 |
| 1 Bedroom | $1,470 |
| 2 Bedrooms | $1,810 |
| 3 Bedrooms | $2,260 |
| 4 Bedrooms | $2,520 |
| 5 Bedrooms | $2,923 |
| 6 Bedrooms | $3,274 |
| 7 Bedrooms | $3,536 |
| 8 Bedrooms | $3,713 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,260 | $464,679 | 0.49% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 21155 presents a unique set of conditions that are crucial for both landlords and small-portfolio investors to consider. With a median home value of $535,448, the area reflects a moderate to high-end market, which is indicative of a stable economic base. However, the absence of percentage data for listings that have been reduced and the median days on market (DOM) suggests a lack of recent volatility or significant changes in the housing market. This stability can be interpreted as a sign of consistent demand and supply, potentially leading to steady pricing power over the next 12-24 months.
On the rental side, the Fair Market Rent (FMR) for ZIP 21155 in fiscal year 2024 is set at $1940, while the current market rent stands at $1513 according to the Census ACS. The gap between the FMR and the actual market rent indicates an opportunity for landlords to increase rents without losing tenants, as the market is below the federally determined fair rate. This suggests that rental properties in the area could see gradual rent increases aligning with the FMR, enhancing cash flow for long-term investors.
For long-hold investors, the setup in ZIP 21155 implies a realistic appreciation thesis based on several factors. The stable median home value and the potential for rent growth point towards a market that is likely to appreciate gradually over time, driven by inflation and steady economic growth. However, the lack of recent reductions in listing prices and the unspecified DOM also suggest that rapid appreciation is unlikely. Instead, investors should anticipate a slow and steady increase in property values, which is favorable for those looking to hold onto their investments for the long term.
In summary, the combination of a moderate to high median home value, stable market conditions, and a rental market below the FMR suggests a robust environment for real estate investment in ZIP 21155. Landlords and small-portfolio investors can expect to maintain pricing power and see gradual appreciation and rent growth, providing a solid foundation for long-term financial planning and investment strategy.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.