Location: Washington-Arlington-Alexandria, DC | Metro: Hagerstown, MD HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,830 |
| 4 Bedrooms | $2,040 |
| 5 Bedrooms | $2,366 |
| 6 Bedrooms | $2,650 |
| 7 Bedrooms | $2,862 |
| 8 Bedrooms | $3,005 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,350 | $292,115 | 0.46% | F |
| 3BR | $1,830 | $383,467 | 0.48% | F |
| 4BR | $2,040 | $515,702 | 0.4% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 21713 (Boonsboro, MD) on the axes of yield and stability reveals it as a steady-cashflow zone for real estate investments.
Yield analysis shows that the Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,760, which is significantly higher than the current market rent of $1,176. This suggests an opportunity to increase rental income to align with FMR standards, thereby improving the yield on investment properties. However, the median home value of $409,061 indicates a relatively stable property price point, reducing the potential for quick capital appreciation typical of high-yield markets.
Stability is evidenced by the 16.4% share of renters in the area, which is a modest figure but does not indicate instability. The lack of data on days on market (DOM) could imply either a balanced market or a need for further investigation into local sales trends. The average household income of $96,199 provides a strong economic foundation, supporting the ability of residents to maintain consistent rental payments and suggesting a lower risk of default compared to areas with lower incomes.
In summary, ZIP 21713 leans towards a steady-cashflow zone due to its moderate rental market participation and solid average income levels, combined with the potential to boost rental yields by aligning with FMR guidelines. While the property values are substantial, the absence of rapid appreciation signals a focus on reliable rental income rather than speculative flipping.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.