FMR is below market; voucher rent may lag private rents.
0.62
1 BR
1 BR- 21720
0.68ratio
FMR$980
Market$1,440
vs market-$460
FMR is below market; voucher rent may lag private rents.
0.68
2 BR
2 BR- 21720
0.82ratio
FMR$1,280
Market$1,570
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.82
3 BR
3 BR- 21720
0.92ratio
FMR$1,710
Market$1,850
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR- 21720
0.86ratio
FMR$1,920
Market$2,230
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.86
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Cavetown, MD fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Cavetown, MD is $1,280 a month. That is up 1.6% from $1,260 in FY 2026. Cavetown is in the Hagerstown, MD HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,284. The median county two-bedroom FMR in Maryland is $1,875, so Cavetown is 32% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Cavetown, MD
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$870
$890
+2.3%
$801–$979
1BR
$960
$980
+2.1%
$882–$1,078
2BR
$1,260
$1,280
+1.6%
$1,152–$1,408
3BR
$1,700
$1,710
+0.6%
$1,539–$1,881
4BR
$1,900
$1,920
+1.1%
$1,728–$2,112
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Cavetown, MD
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$890
$980
$1,280
$1,710
$1,920
FY 2026
$870
$960
$1,260
$1,700
$1,900
FY 2025
$850
$950
$1,240
$1,710
$1,900
FY 2024
$830
$940
$1,230
$1,720
$1,900
FY 2023
$710
$820
$1,060
$1,510
$1,680
Questions about Cavetown, MD rents
How much will Section 8 pay for a two-bedroom in Cavetown, MD?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,284, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,156 to $1,412 a month; under the ZIP-level Small Area FMR of $1,280 it would be $1,152 to $1,408. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Cavetown, MD in?
Cavetown, MD is in the Hagerstown, MD HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,284.
How much did fair market rent change in Cavetown, MD for FY 2027?
The two-bedroom FMR rose 1.6%, from $1,260 in FY 2026 to $1,280 in FY 2027. Since FY 2023 it has risen 20.8%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set