Location: Hagerstown, MD | Metro: Hagerstown, MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 21734 in fiscal year 2024 is set at $960. This figure represents the payment standard for Section 8 housing vouchers, meaning that the government will pay up to $960 per month towards rent for eligible tenants. However, it's important to note that this is not the amount you would receive as rent. Landlords can charge slightly above the FMR, but the tenant must cover the difference out-of-pocket.
In comparison, the average rent in ZIP 21734, according to recent Census American Community Survey (ACS) data, is $808. This suggests that the FMR is higher than the typical market rate, potentially making Section 8 rentals more attractive for both landlords and tenants.
The rental share in this area is 44.8%, indicating a strong demand for rental properties. With such a high percentage of residents租房需求强劲。该地区44.8%的高租户比例表明了这一点。购买房产的成本为271,657美元，这表明投资Section 8房屋是有潜力的。 在决定是否接受第一个Section 8租约之前，房东需要确认的一件事是：确保他们的物业符合住房质量标准（HQS）。这是政府对参与Section 8计划的房产设定的基本要求，以保证租户的生活环境安全、卫生且适宜居住。满足这些标准是成功参与该计划的前提条件。 以上信息提供了ZIP代码21734中Section 8房屋租赁的基本情况，帮助潜在房东和小型投资组合投资者做出明智的决策。
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.