Section 8 Fair Market Rent (FMR) for ZIP 21627 - 2027

Location: Dorchester County, MD | Metro: Dorchester County, MD

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$96,250

Housing Units

Renter Percentage

N/A

Occupancy Rate

71.4%

Renter Occupied

The ZIP code 21627, located in Anne Arundel County, Maryland, is a suburban area characterized by its proximity to Baltimore and Annapolis. This region offers a mix of residential communities and access to urban amenities, making it an interesting market for real estate investment.

Fair Market Rent: The Fair Market Rent for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,140.
Renter Share: The renter share in ZIP 21627 is 0.0%, indicating that virtually all residents own their homes rather than renting.
Median Income: The median household income in this ZIP code is $96,250, which is significantly higher than the national average.
Market Rent: Specific data on market rent is currently unavailable, suggesting that rental properties are not widely tracked or numerous in this area.
Days on Market (DOM): The average days on market for listings is also not available, which might indicate that properties sell quickly or that there is limited data on recent transactions.
Middle Home Value: Data on median home values is not available, possibly due to the unique composition of the housing stock in this ZIP code.

The high median income and low renter share suggest that 21627 is primarily a homeownership-driven market. Given the absence of detailed rental market data, investing in rental properties here could be challenging. However, the high Fair Market Rent indicates potential for rental income if properties can be found. Investors should focus on areas with similar characteristics and consider the broader economic trends affecting Anne Arundel County when making decisions.

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.