Location: Baltimore-Columbia-Towson, MD | Metro: Baltimore-Columbia-Towson, MD MSA
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 | $1,930 |
| 1 Bedroom | $2,060 |
| 2 Bedrooms | $2,540 |
| 3 Bedrooms | $3,180 |
| 4 Bedrooms | $3,530 |
| 5 Bedrooms | $4,095 |
| 6 Bedrooms | $4,586 |
| 7 Bedrooms | $4,953 |
| 8 Bedrooms | $5,201 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 4BR | $3,530 | $1,098,316 | 0.32% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 21737 in fiscal year 2024 is set at $2490. This figure represents the payment standard for Section 8 housing assistance, which is the amount that the government will pay towards the rent for eligible tenants. It's important to note that this is not the total rent you can charge your tenant; it's the maximum amount the housing authority will contribute.
While the local median rent for ZIP 21737 is not available, we can still assess the demand for affordable housing in the area. According to the data, 6.8% of the population are renters who could potentially benefit from Section 8 assistance. This translates into a significant market for those willing to participate in the program.
To put this into perspective, if you're considering acquiring a property for a Section 8 rental in ZIP 21737, you should be prepared to invest around $1,208,445. This figure reflects the typical acquisition cost for properties in this area, which is crucial when planning your investment strategy.
The demand for affordable housing in the area is substantial, given the percentage of potential Section 8 beneficiaries. However, before you commit to participating in the Section 8 program, you must verify that the property meets all the required standards for eligibility. These standards include safety, health, and habitability criteria set by the housing authority, ensuring that your rental unit is suitable for low-income families.
In summary, the FMR of $2490 in ZIP 21737 for fiscal year 2024 provides a clear benchmark for the government contribution towards rent. With a solid understanding of the local demand and the costs involved, you can make an informed decision about whether Section 8 participation aligns with your investment goals. But remember, the key to a successful Section 8 rental is ensuring your property complies with all necessary standards.
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.