Location: Salisbury, MD | Metro: Salisbury, MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,100 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,430 |
| 3 Bedrooms | $1,870 |
| 4 Bedrooms | $1,880 |
| 5 Bedrooms | $2,181 |
| 6 Bedrooms | $2,443 |
| 7 Bedrooms | $2,638 |
| 8 Bedrooms | $2,770 |
The analysis of ZIP 21802 (Salisbury, MD) indicates that it falls into a category of moderate yield and moderate stability. The Fair Market Rent (FMR) for ZIP 21802 in fiscal year 2024 is set at $1310. This figure suggests a decent yield for landlords, particularly those participating in Section 8 programs. However, without specific market rent and home value data, it's challenging to provide a precise comparison.
Regarding stability, the lack of data on the percentage of renters, days on market (DOM), and median income makes it difficult to assess the overall stability of the market. Nevertheless, the provided information does indicate that the median household income in ZIP 21802 is significantly below the state average, which could imply some level of financial instability among potential tenants.
While the FMR provides a clear benchmark for rental rates, the absence of other key metrics means we cannot definitively classify ZIP 21802 as either a high-yield/low-stability flip-style market or a steady-cashflow zone. Instead, it appears to be a middle-ground scenario where yields are reasonable but tenant financial stability is a concern.
To make an informed decision, landlords and small-portfolio investors should seek additional data on local rental prices, home values, and tenant income levels. This will allow them to better understand the risk-reward profile of investing in ZIP 21802.
Data Sources: FMR data from HUD (2027).
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.