Location: Baltimore-Columbia-Towson, MD | Metro: Baltimore-Columbia-Towson, MD MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,460 |
| 1 Bedroom | $1,550 |
| 2 Bedrooms | $1,920 |
| 3 Bedrooms | $2,400 |
| 4 Bedrooms | $2,670 |
| 5 Bedrooms | $3,097 |
| 6 Bedrooms | $3,469 |
| 7 Bedrooms | $3,747 |
| 8 Bedrooms | $3,934 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 21250 in fiscal year 2024 is set at $1800. This figure represents the maximum amount that landlords can charge for a Section 8 voucher in this area, but it's important to note that this is not necessarily the rent you will receive from your tenants. The FMR is used by the U.S. Department of Housing and Urban Development (HUD) to determine the payment standard for housing assistance.
In ZIP 21250, the local median rent is currently listed as N/A, which means we don't have a direct comparison to typical market rates. However, the fact that the renter share is N/A% suggests that there is a significant portion of the population who rely on renting to find suitable accommodation. This indicates a strong demand for rental properties, particularly those that qualify under the Section 8 program.
The acquisition cost for properties in this ZIP code is also noted as N/A, which typically would give us an idea of how much landlords might expect to pay for a property. Without this specific data point, it's advisable to consult local real estate agents or conduct a thorough analysis of recent property sales to understand the current market value of potential investments.
Before committing to a Section 8 rental in ZIP 21250, it is crucial to verify that the property meets all HUD quality standards. These standards ensure that the living conditions are safe and decent for tenants, and failing to meet them could result in reduced payments or even termination of the contract. Make sure to conduct a comprehensive inspection and possibly hire a professional to assess the property against these criteria.
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.