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 | $1,380 |
| 1 Bedroom | $1,470 |
| 2 Bedrooms | $1,820 |
| 3 Bedrooms | $2,280 |
| 4 Bedrooms | $2,530 |
| 5 Bedrooms | $2,935 |
| 6 Bedrooms | $3,287 |
| 7 Bedrooms | $3,550 |
| 8 Bedrooms | $3,728 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,470 | $152,451 | 0.96% | C |
| 2BR | $1,820 | $174,266 | 1.04% | B |
| 3BR | $2,280 | $358,209 | 0.64% | D |
| 4BR | $2,530 | $524,133 | 0.48% | F |
| 5BR | $2,935 | $789,778 | 0.37% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 21212 in Baltimore, MD, reveals a real estate market that offers a balanced opportunity for both yield and stability. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,790, slightly above the market rent of $1,758. This indicates a modest potential for higher rental yields compared to the broader market, especially when considering the median home value of $337,496.
On the stability axis, the data points to a somewhat stable rental environment. With 31.2% of residents being renters, there is a substantial tenant base, which supports consistent demand. Additionally, the days on market (DOM) average of 19 days suggests that properties in this area are typically occupied quickly, indicating strong interest among potential tenants. However, the median household income of $96,685 provides a mixed signal; while it supports the ability of residents to afford housing, it also implies a competitive rental market where affordability could influence turnover rates.
To classify this market, consider the following figures:
In conclusion, ZIP 21212 presents a market that leans towards providing steady cash flow rather than high-yield/low-stability. The slight premium in FMR over market rent combined with a relatively short DOM and a significant portion of renters point towards a market where landlords can expect reliable returns, albeit with some caution regarding income levels and their impact on long-term occupancy.
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.