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 21669 is situated in a predominantly homeowner-focused neighborhood in Anne Arundel County, Maryland. With a total population of 160 residents, this area stands out due to the complete absence of rental properties, as indicated by the 0.0% renters statistic. The economic profile of the neighborhood is robust, boasting a median household income of $116,500, which places it well above the national average. This financial strength is further reflected in the median home value of $392,394, highlighting the area's appeal to those who can afford substantial investments in property.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for the metro area, effective for fiscal year 2026, is set at $1,140. However, given the unique situation where there are no renters in the ZIP code, market rent data is not available. This lack of rental presence suggests that the area is primarily attractive to homeowners rather than investors seeking rental income.
In terms of investment strategy, ZIP 21669 would not be suitable for a hands-off voucher operator. The absence of rental units means that there is no existing infrastructure to support such an investment approach. For a hands-on value-add buyer, the opportunity lies in converting underutilized or older properties into rental units that could potentially qualify for Section 8 vouchers. However, the success of this strategy would heavily depend on the ability to navigate local zoning laws and market dynamics, as well as the willingness of the community to embrace rental housing.
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.