Location: Baltimore-Columbia-Towson, MD | Metro: Baltimore-Columbia-Towson, MD MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,290 |
| 1 Bedroom | $2,440 |
| 2 Bedrooms | $3,010 |
| 3 Bedrooms | $3,760 |
| 4 Bedrooms | $4,180 |
| 5 Bedrooms | $4,849 |
| 6 Bedrooms | $5,431 |
| 7 Bedrooms | $5,865 |
| 8 Bedrooms | $6,158 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 21402 reveals a competitive environment where cash flow potential is modest but achievable. The HUD Fair Market Rent (FMR) for the area is set at $2,910 for the fiscal year 2024, closely aligning with the Census ACS reported market rent of $2,933. This indicates that landlords can expect to cash flow with their Section 8 tenants at the FMR level, though the margin will be tight given the near parity between the two figures.
While the median home value is not available, it's important to note that the lack of specific data points can sometimes obscure the true picture of the local real estate market. However, the similarity between the HUD FMR and the market rent suggests that the rental market is relatively stable and well-matched with the federal guidelines.
The dynamics of rent versus buy are less clear without the median days on market (DOM) and the percentage of homes that required price reductions. However, given the strong alignment between the HUD FMR and market rent, it's reasonable to infer that the rental market is robust and likely supports steady occupancy rates.
Investors should focus on the stability angle, which is particularly strong in ZIP 21402. The consistent rental rates indicate a reliable source of income, making it an attractive option for those seeking long-term, low-risk investments. Stability is the strongest angle for investors in this market, ensuring predictable returns and minimal risk.
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.