Location: Allegany County, MD | Metro: Allegany County, MD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
To integrate ZIP 21503 into a Section 8 portfolio strategy, consider it primarily as a cash-flow anchor. This designation is based on the Fiscal Year 2024 Fair Market Rent (FMR) of $940 for the area, which provides a stable and predictable income stream due to the government-backed rental assistance program.
The lack of available market data such as median home values and market rents does not hinder this assessment. In fact, the absence of significant fluctuations in market rents makes ZIP 21503 an ideal candidate for ensuring consistent cash flow. The Section 8 program guarantees that properties will be rented at a fixed rate, eliminating the risk of vacancy and market volatility.
While specific percentages for price-cut shares, days on market (DOM), renter share, and median income are unavailable, the inherent stability of the Section 8 program means that properties in ZIP 21503 can serve as a reliable foundation for a larger investment portfolio. They provide a safety net against economic downturns and ensure that a portion of your investments is consistently generating income.
In summary, ZIP 21503 should be considered as a cash-flow anchor within a Section 8 portfolio strategy. Its FMR of $940 for FY 2024 ensures steady and reliable rental income, making it a valuable asset for landlords and small-portfolio investors seeking stability.
Data Sources: FMR data from HUD (2027).
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.