Location: Dorchester County, MD | Metro: Dorchester County, MD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,110 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $1,980 |
| 4 Bedrooms | $2,380 |
| 5 Bedrooms | $2,761 |
| 6 Bedrooms | $3,092 |
| 7 Bedrooms | $3,339 |
| 8 Bedrooms | $3,506 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 21659 in the upcoming fiscal year 2026 is set at $1,040. This figure represents the payment standard for landlords participating in the Section 8 program, meaning it's the maximum amount that the government will pay towards a tenant's rent. It's important to note that this is not your rent; it's the benchmark used to determine the subsidy amount.
To put this into perspective, the average rent in ZIP 21659, based on Census American Community Survey (ACS) data, is currently $892. This indicates that the FMR is higher than the typical market rate, which can be beneficial for landlords who want to ensure they receive fair compensation for their properties.
The FMR being above the local average suggests strong demand for affordable housing in the area. Approximately 16.6% of the population are renters, indicating a significant portion of potential tenants who might qualify for the Section 8 program. With this high percentage of renters, there is a solid pool of individuals looking for affordable housing options.
When acquiring a property for a Section 8 rental, you should expect to spend around $309,133 for an average home in ZIP 21659. This figure reflects the median home value in the area and should be considered when evaluating the potential return on investment.
Before making a final decision to enter the Section 8 market, it's crucial to verify that your property meets all the necessary requirements for the program. This includes ensuring the unit is up to code and passes inspections for health and safety standards. The government sets these standards to protect tenants and ensure they live in quality conditions.
In summary, the FMR of $1,040 offers a clear guideline for the maximum subsidy you can receive. Coupled with the local average rent of $892 and a renter share of 16.6%, there is a good opportunity for landlords to secure a steady stream of income while providing affordable housing. However, the initial investment of approximately $309,133 must be weighed against the long-term benefits of joining the Section 8 program.
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.