FMR is below market; voucher rent may lag private rents.
0.51
1 BR
1 BR- 21111
0.56ratio
FMR$1,620
Market$2,890
vs market-$1,270
FMR is below market; voucher rent may lag private rents.
0.56
2 BR
2 BR- 21111
0.76ratio
FMR$1,990
Market$2,620
vs market-$630
FMR is below market; voucher rent may lag private rents.
0.76
3 BR
3 BR- 21111
0.79ratio
FMR$2,500
Market$3,150
vs market-$650
FMR is below market; voucher rent may lag private rents.
0.79
4 BR
4 BR- 21111
0.78ratio
FMR$2,770
Market$3,530
vs market-$760
FMR is below market; voucher rent may lag private rents.
0.78
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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Monkton, MD fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Monkton, MD is $1,990 a month. That is up 6.4% from $1,870 in FY 2026. Monkton is in the Baltimore-Columbia-Towson, MD MSA. 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 $2,006. The median county two-bedroom FMR in Maryland is $1,875, so Monkton is 6% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Monkton, MD
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,330
$1,510
+13.5%
$1,359–$1,661
1BR
$1,530
$1,620
+5.9%
$1,458–$1,782
2BR
$1,870
$1,990
+6.4%
$1,791–$2,189
3BR
$2,430
$2,500
+2.9%
$2,250–$2,750
4BR
$2,740
$2,770
+1.1%
$2,493–$3,047
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Monkton, MD
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,510
$1,620
$1,990
$2,500
$2,770
FY 2026
$1,330
$1,530
$1,870
$2,430
$2,740
FY 2025
$1,470
$1,690
$2,070
$2,690
$3,040
FY 2024
$1,630
$1,870
$2,300
$2,980
$3,370
FY 2023
$1,330
$1,550
$1,910
$2,480
$2,840
Questions about Monkton, MD rents
How much will Section 8 pay for a two-bedroom in Monkton, MD?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,006, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,805 to $2,207 a month; under the ZIP-level Small Area FMR of $1,990 it would be $1,791 to $2,189. 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 Monkton, MD in?
Monkton, MD is in the Baltimore-Columbia-Towson, MD MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,006.
How much did fair market rent change in Monkton, MD for FY 2027?
The two-bedroom FMR rose 6.4%, from $1,870 in FY 2026 to $1,990 in FY 2027. Since FY 2023 it has risen 4.2%.
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