FMR is near market; voucher and private rents are aligned.
0.93
1 BR
1 BR- 21144
0.99ratio
FMR$1,970
Market$1,990
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
2 BR
2 BR- 21144
1.02ratio
FMR$2,430
Market$2,380
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.02
3 BR
3 BR- 21144
1.13ratio
FMR$3,040
Market$2,680
vs market+$360
FMR is above market; underwrite to market rent.
1.13
4 BR
4 BR- 21144
1.03ratio
FMR$3,380
Market$3,270
vs market+$110
FMR is near market; voucher and private rents are aligned.
1.03
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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Severn, MD fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Severn, MD is $2,430 a month. That is up 8.5% from $2,240 in FY 2026. Severn 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 Severn is 30% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Severn, MD
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,640
$1,850
+12.8%
$1,665–$2,035
1BR
$1,820
$1,970
+8.2%
$1,773–$2,167
2BR
$2,240
$2,430
+8.5%
$2,187–$2,673
3BR
$2,840
$3,040
+7.0%
$2,736–$3,344
4BR
$3,150
$3,380
+7.3%
$3,042–$3,718
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Severn, MD
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,850
$1,970
$2,430
$3,040
$3,380
FY 2026
$1,640
$1,820
$2,240
$2,840
$3,150
FY 2025
$1,700
$1,940
$2,380
$3,060
$3,420
FY 2024
$1,680
$1,920
$2,360
$3,060
$3,460
FY 2023
$1,290
$1,490
$1,840
$2,390
$2,730
Questions about Severn, MD rents
How much will Section 8 pay for a two-bedroom in Severn, 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 $2,430 it would be $2,187 to $2,673. 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 Severn, MD in?
Severn, 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 Severn, MD for FY 2027?
The two-bedroom FMR rose 8.5%, from $2,240 in FY 2026 to $2,430 in FY 2027. Since FY 2023 it has risen 32.1%.
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