FMR is near market; voucher and private rents are aligned.
1.07
2 BR
2 BR- 21131
1.11ratio
FMR$2,400
Market$2,160
vs market+$240
FMR is above market; underwrite to market rent.
1.11
3 BR
3 BR- 21131
1.13ratio
FMR$3,080
Market$2,720
vs market+$360
FMR is above market; underwrite to market rent.
1.13
4 BR
4 BR- 21131
1.01ratio
FMR$3,440
Market$3,390
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.01
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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Phoenix, MD fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Phoenix, MD is $2,400 a month. That is down 9.8% from $2,660 in FY 2026. Phoenix 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 Phoenix is 28% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Phoenix, MD
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,900
$1,710
−10.0%
$1,539–$1,881
1BR
$2,170
$1,960
−9.7%
$1,764–$2,156
2BR
$2,660
$2,400
−9.8%
$2,160–$2,640
3BR
$3,420
$3,080
−9.9%
$2,772–$3,388
4BR
$3,820
$3,440
−9.9%
$3,096–$3,784
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Phoenix, MD
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,710
$1,960
$2,400
$3,080
$3,440
FY 2026
$1,900
$2,170
$2,660
$3,420
$3,820
FY 2025
$2,110
$2,410
$2,950
$3,800
$4,240
FY 2024
$2,070
$2,370
$2,910
$3,770
$4,270
FY 2023
$1,610
$1,860
$2,300
$2,980
$3,410
Questions about Phoenix, MD rents
How much will Section 8 pay for a two-bedroom in Phoenix, 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 $2,400 it would be $2,160 to $2,640. 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 Phoenix, MD in?
Phoenix, 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 Phoenix, MD for FY 2027?
The two-bedroom FMR fell 9.8%, from $2,660 in FY 2026 to $2,400 in FY 2027. Since FY 2023 it has risen 4.3%.
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