FMR is near market; voucher and private rents are aligned.
1.09
4 BR
4 BR- 21117
1.14ratio
FMR$3,270
Market$2,880
vs market+$390
FMR is above market; underwrite to market rent.
1.14
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 Mills, MD fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Owings Mills, MD is $2,350 a month. That is up 7.3% from $2,190 in FY 2026. Owings Mills 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 Mills is 25% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Owings Mills, MD
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,610
$1,780
+10.6%
$1,602–$1,958
1BR
$1,780
$1,900
+6.7%
$1,710–$2,090
2BR
$2,190
$2,350
+7.3%
$2,115–$2,585
3BR
$2,780
$2,940
+5.8%
$2,646–$3,234
4BR
$3,080
$3,270
+6.2%
$2,943–$3,597
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Owings Mills, MD
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,780
$1,900
$2,350
$2,940
$3,270
FY 2026
$1,610
$1,780
$2,190
$2,780
$3,080
FY 2025
$1,610
$1,840
$2,250
$2,900
$3,240
FY 2024
$1,570
$1,800
$2,210
$2,860
$3,240
FY 2023
$1,260
$1,470
$1,810
$2,350
$2,690
Questions about Owings Mills, MD rents
How much will Section 8 pay for a two-bedroom in Owings Mills, 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 $2,350 it would be $2,115 to $2,585. 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 Mills, MD in?
Owings Mills, 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 Mills, MD for FY 2027?
The two-bedroom FMR rose 7.3%, from $2,190 in FY 2026 to $2,350 in FY 2027. Since FY 2023 it has risen 29.8%.
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