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 | $1,670 |
| 1 Bedroom | $1,760 |
| 2 Bedrooms | $2,040 |
| 3 Bedrooms | $2,640 |
| 4 Bedrooms | $3,060 |
| 5 Bedrooms | $3,550 |
| 6 Bedrooms | $3,976 |
| 7 Bedrooms | $4,294 |
| 8 Bedrooms | $4,509 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,640 | $398,798 | 0.66% | D |
| 4BR | $3,060 | $588,336 | 0.52% | F |
U.S. Census Bureau data (2024)
The ZIP code 21758 stands out within its county due to several distinctive characteristics. With a population of 4,409 residents, it has a relatively low percentage of renters at 15.6%, indicating that homeownership is more prevalent here. The median income for residents in this area is $111,528, which is above the national average. Additionally, the median home value in ZIP 21758 is $460,153, reflecting a strong local housing market.
Moving to the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for the ZIP code 21758 for fiscal year 2024 is set at $1,370. This figure contrasts sharply with the market rent, which according to Census ACS data, averages around $1,770. This discrepancy suggests that landlords who accept Section 8 vouchers may face a slight financial disadvantage compared to those renting at market rates.
Evaluating the overall data signature of ZIP 21758, it appears to be stable rather than transitional. The high median home value and income levels indicate a solid economic foundation within the community. While the low rental rate might make it less attractive for large-scale rental operations, it presents an opportunity for landlords willing to work within the parameters of Section 8 vouchers to secure long-term tenants in a desirable location.
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.