Location: Talbot County, MD | Metro: Talbot County, MD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,100 |
| 1 Bedroom | $1,290 |
| 2 Bedrooms | $1,450 |
| 3 Bedrooms | $2,010 |
| 4 Bedrooms | $2,430 |
| 5 Bedrooms | $2,819 |
| 6 Bedrooms | $3,157 |
| 7 Bedrooms | $3,410 |
| 8 Bedrooms | $3,581 |
U.S. Census Bureau data (2024)
0.0% of the residents in ZIP code 21653 are renters, indicating a predominantly owner-occupied area. This statistic suggests that landlords might face challenges in finding tenants, as the market is skewed towards homeownership. However, for those interested in Section 8 properties, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,420. This figure represents the maximum amount that a landlord can charge a Section 8 tenant, providing a clear guideline for rental pricing.
N/A market rent data implies that there is either insufficient or outdated information regarding the typical rents charged in this area. Similarly, the lack of median home value data makes it difficult to assess property values relative to the national average. The absence of these key metrics can complicate investment decisions, as they provide essential context for understanding the local housing market.
The median income data is also listed as N/A, which means investors cannot directly compare the income levels of potential tenants to the rental costs. However, given the low renter share, it's likely that the majority of residents have the financial stability to purchase homes rather than rent. This further underscores the limited demand for rental properties in this area.
Average days on market (DOM) and the percentage of price-cut shares are both listed as N/A. These figures would typically help investors gauge how quickly properties sell and whether there is a need to reduce asking prices to attract buyers. Without this data, it's challenging to predict the liquidity of investments in this ZIP code.
In conclusion, while the Fair Market Rent for Section 8 properties is clearly defined at $1,420 for the metro area in fiscal year 2026, the lack of other critical market data such as median home value, market rent, and median income makes it difficult to fully evaluate the investment potential. The extremely low renter share of 0.0% suggests that this area may not be ideal for rental investments, especially for those relying on Section 8 vouchers. Therefore, the verdict on investing in Section 8 properties in ZIP 21653 is negative due to the scarcity of renters and incomplete market data.
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.