FMR is near market; voucher and private rents are aligned.
0.96
1 BR
1 BR- 21146
0.89ratio
FMR$1,850
Market$2,070
vs market-$220
FMR is below market; voucher rent may lag private rents.
0.89
2 BR
2 BR- 21146
0.94ratio
FMR$2,290
Market$2,430
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR- 21146
0.91ratio
FMR$2,860
Market$3,130
vs market-$270
FMR is near market; voucher and private rents are aligned.
0.91
4 BR
4 BR- 21146
0.82ratio
FMR$3,180
Market$3,900
vs market-$720
FMR is below market; voucher rent may lag private rents.
0.82
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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Severna Park, MD fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Severna Park, MD is $2,290 a month. That is up 1.8% from $2,250 in FY 2026. Severna Park 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 Severna Park is 22% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Severna Park, MD
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,630
$1,740
+6.7%
$1,566–$1,914
1BR
$1,830
$1,850
+1.1%
$1,665–$2,035
2BR
$2,250
$2,290
+1.8%
$2,061–$2,519
3BR
$2,880
$2,860
−0.7%
$2,574–$3,146
4BR
$3,230
$3,180
−1.5%
$2,862–$3,498
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Severna Park, MD
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,740
$1,850
$2,290
$2,860
$3,180
FY 2026
$1,630
$1,830
$2,250
$2,880
$3,230
FY 2025
$1,780
$2,030
$2,490
$3,200
$3,580
FY 2024
$1,900
$2,170
$2,670
$3,460
$3,920
FY 2023
$1,510
$1,750
$2,160
$2,800
$3,210
Questions about Severna Park, MD rents
How much will Section 8 pay for a two-bedroom in Severna Park, 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 $2,290 it would be $2,061 to $2,519. 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 Severna Park, MD in?
Severna Park, 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 Severna Park, MD for FY 2027?
The two-bedroom FMR rose 1.8%, from $2,250 in FY 2026 to $2,290 in FY 2027. Since FY 2023 it has risen 6.0%.
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