Location: Dorchester County, MD | Metro: Dorchester County, MD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,610 |
| 4 Bedrooms | $1,940 |
| 5 Bedrooms | $2,250 |
| 6 Bedrooms | $2,520 |
| 7 Bedrooms | $2,722 |
| 8 Bedrooms | $2,858 |
U.S. Census Bureau data (2024)
The ZIP code 21622 stands out in Baltimore County due to its unique mix of demographics and housing values. With only 420 residents, it is one of the smallest communities in the county, yet it boasts a median income of $68,750, which is higher than the national average. The median home value in this area is $273,327, indicating a relatively affluent neighborhood. However, only 8.7% of the residents rent their homes, suggesting that homeownership is the dominant form of residence.
The economic dynamics of Section 8 vouchers in ZIP 21622 are noteworthy. The Fair Market Rent (FMR) for fiscal year 2026 is set at $1,140, while the market rent, according to Census ACS data, is $3,501. This significant disparity means that landlords who accept Section 8 vouchers will receive a subsidy that covers less than one-third of the typical rental price. Therefore, landlords must carefully consider the potential gap they will need to fill to make up for the difference between the voucher amount and the market rate.
Given the high median home value and median income levels, along with the low percentage of renters, the data signature for ZIP 21622 reads as stable. The community is likely to continue attracting individuals and families who can afford to purchase homes rather than rely on rental assistance programs. For landlords and small-portfolio investors, the decision to accept Section 8 vouchers should be weighed against the local rental market conditions and the financial implications of accepting lower rental rates compared to market prices.
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.