Section 8 Fair Market Rent (FMR) for ZIP 21861 - 2027

Location: Salisbury, MD | Metro: Salisbury, MD HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$980
1 Bedroom	$990
2 Bedrooms	$1,280
3 Bedrooms	$1,680
4 Bedrooms	$1,680
5 Bedrooms	$1,949
6 Bedrooms	$2,183
7 Bedrooms	$2,358
8 Bedrooms	$2,476

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

920

Median Household Income

$86,027

Housing Units

413

Renter Percentage

13.9%

Occupancy Rate

90.3%

Renter Occupied

The ZIP code 21861, located in Anne Arundel County, Maryland, is a suburban area that benefits from its proximity to Annapolis and Baltimore. This region offers a blend of residential tranquility and access to urban amenities, making it attractive for both homeowners and renters. The housing market here is influenced by factors such as the local economy, which is relatively strong, and the availability of affordable rental options.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 21861 for fiscal year 2024 is set at $1,110.
The market rent, as reported by the U.S. Census Bureau's American Community Survey (ACS), stands at $1,185 for a similar unit.
The median home value in this ZIP code is $229,583, reflecting a mix of affordability and comfort.
Renters make up 13.9% of the total population, indicating a moderate demand for rental properties.
The median household income in ZIP 21861 is $86,027, suggesting a stable economic base for residents.
The Days on Market (DOM) figure is not available, but given the area's characteristics, it can be inferred that property turnover is steady, if not slightly slower compared to more densely populated areas.

The analysis points to a balanced market where rental properties are competitive yet offer reasonable returns. With the FMR slightly below the market rent, landlords can expect to remain within HUD guidelines while potentially charging slightly higher rents. The median home value indicates that this area is accessible to a wide range of buyers and renters, while the median income supports the ability of residents to afford living costs. Given the moderate renter share, there is a consistent but not overwhelming demand for rentals, which could translate into steady occupancy rates and rental income. For small-portfolio investors, this ZIP code presents a viable option for generating stable cash flows through rental properties.

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.