FMR is below market; voucher rent may lag private rents.
0.66
1 BR
1 BR- 20736
0.72ratio
FMR$1,380
Market$1,910
vs market-$530
FMR is below market; voucher rent may lag private rents.
0.72
2 BR
2 BR- 20736
0.79ratio
FMR$1,750
Market$2,210
vs market-$460
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR- 20736
0.95ratio
FMR$2,420
Market$2,550
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.95
4 BR
4 BR- 20736
0.80ratio
FMR$2,740
Market$3,430
vs market-$690
FMR is below market; voucher rent may lag private rents.
0.80
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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Owings, MD fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Owings, MD is $1,750 a month. That is down 1.7% from $1,780 in FY 2026. Owings 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 Owings is 7% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Owings, MD
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,470
$1,370
−6.8%
$1,233–$1,507
1BR
$1,480
$1,380
−6.8%
$1,242–$1,518
2BR
$1,780
$1,750
−1.7%
$1,575–$1,925
3BR
$2,330
$2,420
+3.9%
$2,178–$2,662
4BR
$2,740
$2,740
0.0%
$2,466–$3,014
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Owings, MD
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,370
$1,380
$1,750
$2,420
$2,740
FY 2026
$1,470
$1,480
$1,780
$2,330
$2,740
FY 2025
$1,560
$1,590
$1,790
$2,240
$2,640
FY 2024
$1,390
$1,410
$1,600
$1,990
$2,360
FY 2023
$1,260
$1,300
$1,490
$1,950
$2,400
Questions about Owings, MD rents
How much will Section 8 pay for a two-bedroom in Owings, 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 $1,750 it would be $1,575 to $1,925. 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 Owings, MD in?
Owings, 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 Owings, MD for FY 2027?
The two-bedroom FMR fell 1.7%, from $1,780 in FY 2026 to $1,750 in FY 2027. Since FY 2023 it has risen 17.4%.
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