Location: Talbot County, MD | Metro: Talbot County, MD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,410 |
| 3 Bedrooms | $1,950 |
| 4 Bedrooms | $2,360 |
| 5 Bedrooms | $2,738 |
| 6 Bedrooms | $3,067 |
| 7 Bedrooms | $3,312 |
| 8 Bedrooms | $3,478 |
U.S. Census Bureau data (2024)
ZIP code 21601 encompasses a part of Easton, Maryland, a town known for its charming blend of historic and modern living. With a total population of 24,671, it stands out as an area where nearly 30% of residents are renters, indicating a significant demand for rental properties. The median household income in this region is $83,680, suggesting a relatively affluent community. The median home value of $450,675 further underscores the economic status of the area, making it a desirable location for both residents and investors.
Moving into the specifics of rent economics, the Fair Market Rent (FMR) for ZIP 21601 in fiscal year 2026 is projected to be $1,380. This figure represents the maximum amount that a Section 8 tenant can pay towards their rent. In contrast, the actual market rent, as indicated by the Zillow Observed Rent Index (ZORI), is significantly higher at $2,127. This discrepancy highlights the potential profitability for landlords who can leverage the higher market rents while still attracting tenants through the Section 8 program.
Given these factors, ZIP 21601 is well-suited for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the stable income from the Section 8 program, combined with the relatively high median income of the area, ensures a reliable stream of rental payments. On the other hand, for hands-on investors looking to maximize returns, there is ample opportunity to increase property values and market rents, thereby achieving a higher profit margin beyond what the Section 8 voucher covers. Both strategies can thrive in this environment, depending on the investor's preference for involvement and risk tolerance.
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.