Location: Dorchester County, MD | Metro: Dorchester County, MD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,130 |
| 1 Bedroom | $1,270 |
| 2 Bedrooms | $1,520 |
| 3 Bedrooms | $2,100 |
| 4 Bedrooms | $2,540 |
| 5 Bedrooms | $2,946 |
| 6 Bedrooms | $3,300 |
| 7 Bedrooms | $3,564 |
| 8 Bedrooms | $3,742 |
U.S. Census Bureau data (2024)
The ZIP code 21835, located in Dorchester County, MD, serves as an ideal diversifier within a Section 8 portfolio strategy. With a renter share of 28.3%, this area offers a substantial tenant base that is likely to benefit from the federal housing assistance program. The median income of $47,083 suggests that many residents will qualify for Section 8, ensuring a stable stream of rental income.
Despite the lack of specific market data, such as the median home value and price-cut share, the high renter share indicates a strong demand for rental properties. This demand is further supported by the fact that the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,330, which aligns well with the income levels of the residents. Landlords and small-portfolio investors can leverage this by securing properties at or below this FMR, thus attracting tenants who receive Section 8 vouchers.
Investing in ZIP 21835 helps to balance a portfolio by providing a mix of income sources. While it may not offer the highest potential for appreciation or the strongest cash flow compared to other areas, its consistent demand for rentals makes it a reliable component of a diversified investment strategy. The presence of a significant number of renters ensures that there is always a need for affordable housing, making this ZIP code a valuable addition to any Section 8-focused real estate portfolio.
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.