Maryland (MD)

STATESAFMR

Found 581 ZIPs

State Median Investment Score

93Below average

095130300

BR	Rent	3Y CAGR
0 BR	$853 - $3,170Median: $1,523	3.4%
1 BR	$877 - $3,310Median: $1,625	2.7%
2 BR	$1,014 - $3,660Median: $2,006	1.1%
3 BR	$1,339 - $4,660Median: $2,509	0.5%
4 BR	$1,344 - $5,490Median: $2,789	0.6%

Market Alignment

Studio

Studio- 37 ZIPs

0.41-0.64ratio range

Median FMR$1,210

Median Market$2,150

vs market-$940

FMR is below market; voucher rent may lag private rents.

Studio- 12 ZIPs

0.65-0.68ratio range

Median FMR$1,452

Median Market$2,190

vs market-$739

FMR is below market; voucher rent may lag private rents.

Studio- 7 ZIPs

0.69-0.73ratio range

Median FMR$1,380

Median Market$1,930

vs market-$550

FMR is below market; voucher rent may lag private rents.

Studio- 15 ZIPs

0.73-0.77ratio range

Median FMR$1,523

Median Market$2,000

vs market-$477

FMR is below market; voucher rent may lag private rents.

Studio- 28 ZIPs

0.78-0.81ratio range

Median FMR$1,523

Median Market$1,900

vs market-$377

FMR is below market; voucher rent may lag private rents.

Studio- 17 ZIPs

0.81-0.86ratio range

Median FMR$1,523

Median Market$1,820

vs market-$297

FMR is below market; voucher rent may lag private rents.

Studio- 21 ZIPs

0.86-0.90ratio range

Median FMR$1,523

Median Market$1,710

vs market-$187

FMR is below market; voucher rent may lag private rents.

Studio- 19 ZIPs

0.90-0.94ratio range

Median FMR$1,410

Median Market$1,530

vs market-$120

FMR is near market; voucher and private rents are aligned.

Studio- 23 ZIPs

0.94-0.98ratio range

Median FMR$1,523

Median Market$1,580

vs market-$57

FMR is near market; voucher and private rents are aligned.

Studio- 28 ZIPs

0.98-1.02ratio range

Median FMR$1,523

Median Market$1,545

vs market-$22

FMR is near market; voucher and private rents are aligned.

Studio- 24 ZIPs

1.03-1.06ratio range

Median FMR$1,523

Median Market$1,465

vs market+$58

FMR is near market; voucher and private rents are aligned.

Studio- 17 ZIPs

1.06-1.10ratio range

Median FMR$1,523

Median Market$1,390

vs market+$133

FMR is near market; voucher and private rents are aligned.

Studio- 26 ZIPs

1.10-1.15ratio range

Median FMR$1,523

Median Market$1,360

vs market+$163

FMR is above market; underwrite to market rent.

Studio- 16 ZIPs

1.16-1.20ratio range

Median FMR$1,523

Median Market$1,300

vs market+$223

FMR is above market; underwrite to market rent.

Studio- 42 ZIPs

1.20-1.25ratio range

Median FMR$1,860

Median Market$1,530

vs market+$330

FMR is above market; underwrite to market rent.

Studio- 11 ZIPs

1.27-1.30ratio range

Median FMR$2,000

Median Market$1,580

vs market+$420

FMR is above market; underwrite to market rent.

Studio- 12 ZIPs

1.30-1.35ratio range

Median FMR$1,732

Median Market$1,315

vs market+$417

FMR is above market; underwrite to market rent.

Studio- 94 ZIPs

1.36-2.28ratio range

Median FMR$2,140

Median Market$1,485

vs market+$655

FMR is above market; underwrite to market rent.

0.41-2.28

1 BR

1 BR- 22 ZIPs

0.45-0.62ratio range

Median FMR$1,260

Median Market$2,325

vs market-$1,065

FMR is below market; voucher rent may lag private rents.

1 BR- 3 ZIPs

0.64-0.68ratio range

Median FMR$1,102

Median Market$1,710

vs market-$608

FMR is below market; voucher rent may lag private rents.

1 BR- 11 ZIPs

0.69-0.73ratio range

Median FMR$1,580

Median Market$2,220

vs market-$640

FMR is below market; voucher rent may lag private rents.

1 BR- 10 ZIPs

0.74-0.77ratio range

Median FMR$1,625

Median Market$2,125

vs market-$500

FMR is below market; voucher rent may lag private rents.

1 BR- 29 ZIPs

0.78-0.81ratio range

Median FMR$1,625

Median Market$2,040

vs market-$415

FMR is below market; voucher rent may lag private rents.

1 BR- 24 ZIPs

0.82-0.86ratio range

Median FMR$1,625

Median Market$1,915

vs market-$290

FMR is below market; voucher rent may lag private rents.

1 BR- 35 ZIPs

0.86-0.90ratio range

Median FMR$1,625

Median Market$1,830

vs market-$205

FMR is below market; voucher rent may lag private rents.

1 BR- 28 ZIPs

0.90-0.94ratio range

Median FMR$1,625

Median Market$1,735

vs market-$110

FMR is near market; voucher and private rents are aligned.

1 BR- 22 ZIPs

0.94-0.98ratio range

Median FMR$1,625

Median Market$1,710

vs market-$85

FMR is near market; voucher and private rents are aligned.

1 BR- 32 ZIPs

0.99-1.02ratio range

Median FMR$1,625

Median Market$1,625

vs market+$0

FMR is near market; voucher and private rents are aligned.

1 BR- 15 ZIPs

1.02-1.06ratio range

Median FMR$1,625

Median Market$1,560

vs market+$65

FMR is near market; voucher and private rents are aligned.

1 BR- 22 ZIPs

1.06-1.10ratio range

Median FMR$1,625

Median Market$1,530

vs market+$95

FMR is near market; voucher and private rents are aligned.

1 BR- 29 ZIPs

1.10-1.14ratio range

Median FMR$1,625

Median Market$1,440

vs market+$185

FMR is above market; underwrite to market rent.

1 BR- 40 ZIPs

1.15-1.19ratio range

Median FMR$1,940

Median Market$1,630

vs market+$310

FMR is above market; underwrite to market rent.

1 BR- 22 ZIPs

1.20-1.25ratio range

Median FMR$1,995

Median Market$1,630

vs market+$365

FMR is above market; underwrite to market rent.

1 BR- 35 ZIPs

1.25-1.30ratio range

Median FMR$2,230

Median Market$1,760

vs market+$470

FMR is above market; underwrite to market rent.

1 BR- 11 ZIPs

1.30-1.35ratio range

Median FMR$2,120

Median Market$1,600

vs market+$520

FMR is above market; underwrite to market rent.

1 BR- 61 ZIPs

1.35-2.28ratio range

Median FMR$2,310

Median Market$1,490

vs market+$820

FMR is above market; underwrite to market rent.

0.45-2.28

2 BR

2 BR- 12 ZIPs

0.55-0.63ratio range

Median FMR$1,221

Median Market$2,090

vs market-$870

FMR is below market; voucher rent may lag private rents.

2 BR- 8 ZIPs

0.64-0.68ratio range

Median FMR$1,586

Median Market$2,395

vs market-$810

FMR is below market; voucher rent may lag private rents.

2 BR- 8 ZIPs

0.69-0.72ratio range

Median FMR$1,913

Median Market$2,705

vs market-$792

FMR is below market; voucher rent may lag private rents.

2 BR- 14 ZIPs

0.73-0.77ratio range

Median FMR$1,839

Median Market$2,470

vs market-$632

FMR is below market; voucher rent may lag private rents.

2 BR- 29 ZIPs

0.78-0.81ratio range

Median FMR$2,006

Median Market$2,480

vs market-$474

FMR is below market; voucher rent may lag private rents.

2 BR- 42 ZIPs

0.82-0.86ratio range

Median FMR$2,006

Median Market$2,355

vs market-$349

FMR is below market; voucher rent may lag private rents.

2 BR- 38 ZIPs

0.86-0.90ratio range

Median FMR$2,006

Median Market$2,260

vs market-$254

FMR is below market; voucher rent may lag private rents.

2 BR- 29 ZIPs

0.90-0.94ratio range

Median FMR$2,006

Median Market$2,160

vs market-$154

FMR is near market; voucher and private rents are aligned.

2 BR- 60 ZIPs

0.94-0.98ratio range

Median FMR$2,006

Median Market$2,090

vs market-$84

FMR is near market; voucher and private rents are aligned.

2 BR- 41 ZIPs

0.98-1.02ratio range

Median FMR$2,006

Median Market$2,000

vs market+$6

FMR is near market; voucher and private rents are aligned.

2 BR- 34 ZIPs

1.02-1.06ratio range

Median FMR$2,006

Median Market$1,940

vs market+$66

FMR is near market; voucher and private rents are aligned.

2 BR- 29 ZIPs

1.06-1.10ratio range

Median FMR$2,006

Median Market$1,880

vs market+$126

FMR is near market; voucher and private rents are aligned.

2 BR- 41 ZIPs

1.10-1.15ratio range

Median FMR$2,470

Median Market$2,180

vs market+$290

FMR is above market; underwrite to market rent.

2 BR- 21 ZIPs

1.15-1.19ratio range

Median FMR$2,380

Median Market$2,030

vs market+$350

FMR is above market; underwrite to market rent.

2 BR- 10 ZIPs

1.20-1.25ratio range

Median FMR$2,610

Median Market$2,135

vs market+$475

FMR is above market; underwrite to market rent.

2 BR- 9 ZIPs

1.25-1.29ratio range

Median FMR$2,540

Median Market$2,000

vs market+$540

FMR is above market; underwrite to market rent.

2 BR- 7 ZIPs

1.30-1.35ratio range

Median FMR$2,330

Median Market$1,780

vs market+$550

FMR is above market; underwrite to market rent.

2 BR- 19 ZIPs

1.36-1.79ratio range

Median FMR$2,870

Median Market$2,020

vs market+$850

FMR is above market; underwrite to market rent.

0.55-1.79

3 BR

3 BR- 3 ZIPs

0.54-0.64ratio range

Median FMR$1,639

Median Market$2,660

vs market-$1,021

FMR is below market; voucher rent may lag private rents.

3 BR- 3 ZIPs

0.66-0.68ratio range

Median FMR$2,509

Median Market$3,770

vs market-$1,261

FMR is below market; voucher rent may lag private rents.

3 BR- 5 ZIPs

0.69-0.72ratio range

Median FMR$1,639

Median Market$2,340

vs market-$701

FMR is below market; voucher rent may lag private rents.

3 BR- 8 ZIPs

0.73-0.77ratio range

Median FMR$2,099

Median Market$2,810

vs market-$711

FMR is below market; voucher rent may lag private rents.

3 BR- 17 ZIPs

0.77-0.81ratio range

Median FMR$2,509

Median Market$3,150

vs market-$641

FMR is below market; voucher rent may lag private rents.

3 BR- 24 ZIPs

0.82-0.86ratio range

Median FMR$2,509

Median Market$2,940

vs market-$431

FMR is below market; voucher rent may lag private rents.

3 BR- 41 ZIPs

0.86-0.90ratio range

Median FMR$2,509

Median Market$2,830

vs market-$321

FMR is below market; voucher rent may lag private rents.

3 BR- 25 ZIPs

0.90-0.94ratio range

Median FMR$2,509

Median Market$2,720

vs market-$211

FMR is near market; voucher and private rents are aligned.

3 BR- 56 ZIPs

0.94-0.97ratio range

Median FMR$2,509

Median Market$2,620

vs market-$111

FMR is near market; voucher and private rents are aligned.

3 BR- 44 ZIPs

0.98-1.02ratio range

Median FMR$2,509

Median Market$2,485

vs market+$24

FMR is near market; voucher and private rents are aligned.

3 BR- 48 ZIPs

1.02-1.06ratio range

Median FMR$2,740

Median Market$2,610

vs market+$130

FMR is near market; voucher and private rents are aligned.

3 BR- 24 ZIPs

1.06-1.10ratio range

Median FMR$2,610

Median Market$2,425

vs market+$185

FMR is near market; voucher and private rents are aligned.

3 BR- 38 ZIPs

1.10-1.15ratio range

Median FMR$2,563

Median Market$2,285

vs market+$278

FMR is above market; underwrite to market rent.

3 BR- 31 ZIPs

1.15-1.20ratio range

Median FMR$2,830

Median Market$2,420

vs market+$410

FMR is above market; underwrite to market rent.

3 BR- 37 ZIPs

1.20-1.25ratio range

Median FMR$3,150

Median Market$2,560

vs market+$590

FMR is above market; underwrite to market rent.

3 BR- 8 ZIPs

1.25-1.29ratio range

Median FMR$2,509

Median Market$1,990

vs market+$519

FMR is above market; underwrite to market rent.

3 BR- 8 ZIPs

1.30-1.34ratio range

Median FMR$2,885

Median Market$2,195

vs market+$690

FMR is above market; underwrite to market rent.

3 BR- 32 ZIPs

1.36-1.71ratio range

Median FMR$2,575

Median Market$1,850

vs market+$725

FMR is above market; underwrite to market rent.

0.54-1.71

4 BR

4 BR- 3 ZIPs

0.55-0.62ratio range

Median FMR$1,979

Median Market$3,290

vs market-$1,311

FMR is below market; voucher rent may lag private rents.

4 BR- 3 ZIPs

0.64-0.66ratio range

Median FMR$2,630

Median Market$4,090

vs market-$1,460

FMR is below market; voucher rent may lag private rents.

4 BR- 6 ZIPs

0.69-0.72ratio range

Median FMR$2,789

Median Market$3,875

vs market-$1,086

FMR is below market; voucher rent may lag private rents.

4 BR- 28 ZIPs

0.73-0.77ratio range

Median FMR$2,789

Median Market$3,630

vs market-$841

FMR is below market; voucher rent may lag private rents.

4 BR- 37 ZIPs

0.77-0.81ratio range

Median FMR$2,789

Median Market$3,430

vs market-$641

FMR is below market; voucher rent may lag private rents.

4 BR- 42 ZIPs

0.82-0.86ratio range

Median FMR$2,789

Median Market$3,340

vs market-$551

FMR is below market; voucher rent may lag private rents.

4 BR- 22 ZIPs

0.86-0.90ratio range

Median FMR$2,789

Median Market$3,195

vs market-$406

FMR is below market; voucher rent may lag private rents.

4 BR- 26 ZIPs

0.90-0.94ratio range

Median FMR$2,789

Median Market$3,085

vs market-$296

FMR is near market; voucher and private rents are aligned.

4 BR- 34 ZIPs

0.94-0.98ratio range

Median FMR$2,789

Median Market$2,915

vs market-$126

FMR is near market; voucher and private rents are aligned.

4 BR- 31 ZIPs

0.98-1.02ratio range

Median FMR$2,790

Median Market$2,830

vs market-$40

FMR is near market; voucher and private rents are aligned.

4 BR- 38 ZIPs

1.02-1.06ratio range

Median FMR$2,853

Median Market$2,725

vs market+$128

FMR is near market; voucher and private rents are aligned.

4 BR- 51 ZIPs

1.06-1.10ratio range

Median FMR$3,230

Median Market$3,000

vs market+$230

FMR is near market; voucher and private rents are aligned.

4 BR- 36 ZIPs

1.10-1.15ratio range

Median FMR$2,906

Median Market$2,565

vs market+$341

FMR is above market; underwrite to market rent.

4 BR- 38 ZIPs

1.15-1.20ratio range

Median FMR$3,710

Median Market$3,190

vs market+$520

FMR is above market; underwrite to market rent.

4 BR- 11 ZIPs

1.20-1.24ratio range

Median FMR$3,570

Median Market$2,920

vs market+$650

FMR is above market; underwrite to market rent.

4 BR- 14 ZIPs

1.25-1.29ratio range

Median FMR$3,810

Median Market$3,035

vs market+$775

FMR is above market; underwrite to market rent.

4 BR- 5 ZIPs

1.30-1.35ratio range

Median FMR$3,990

Median Market$3,060

vs market+$930

FMR is above market; underwrite to market rent.

4 BR- 27 ZIPs

1.35-1.80ratio range

Median FMR$2,789

Median Market$1,990

vs market+$799

FMR is above market; underwrite to market rent.

0.55-1.80

0.700.800.901.001.101.201.30aligned range

Bedroom curve

Rankings

Market Explorer

Counties, cities, and ZIPs in Maryland.

Browse rankings

Trends

Market trends

HUD rent changes, rent against home values, and where it cash-flows.

View insights

Maryland fair market rent by county, FY 2027

HUD's FY 2027 fair market rents cover 24 counties in Maryland. The median county two-bedroom FMR is $1,875. That is up 1.6% from $1,845 in FY 2026. Two-bedroom FMRs run from $1,014 in Garrett County to $2,438 in Charles County. 8 HUD metropolitan FMR areas cover 17 of those counties; each county in the same metro area shares one FMR. 212 ZIP codes in 3 metro areas must use Small Area FMRs, so voucher payment standards there are set by ZIP code.

Two-bedroom FMR by county

FY 2027 two-bedroom fair market rent by county in Maryland
County	2BR	Change	HUD FMR area
Charles County	$2,438	+8.5%	Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
Frederick County	$2,438	+8.5%	Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
Montgomery County	$2,438	+8.5%	Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
Prince George's County	$2,438	+8.5%	Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
Anne Arundel County	$2,006	+8.0%	Baltimore-Columbia-Towson, MD MSA
Baltimore City	$2,006	+8.0%	Baltimore-Columbia-Towson, MD MSA
Baltimore County	$2,006	+8.0%	Baltimore-Columbia-Towson, MD MSA
Carroll County	$2,006	+8.0%	Baltimore-Columbia-Towson, MD MSA
Harford County	$2,006	+8.0%	Baltimore-Columbia-Towson, MD MSA
Howard County	$2,006	+8.0%	Baltimore-Columbia-Towson, MD MSA
Queen Anne's County	$2,006	+8.0%	Baltimore-Columbia-Towson, MD MSA
Calvert County	$1,890	−9.3%	Calvert County, MD HUD Metro FMR Area
Cecil County	$1,860	+2.8%	Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
St. Mary's County	$1,787	−2.5%	St. Mary's County, MD HUD Metro FMR Area
Wicomico County	$1,428	+3.6%	Salisbury, MD HUD Metro FMR Area
Talbot County	$1,421	+0.9%	Non-metro
Caroline County	$1,320	+0.5%	Non-metro
Washington County	$1,284	+1.8%	Hagerstown, MD HUD Metro FMR Area
Kent County	$1,241	−0.4%	Non-metro
Worcester County	$1,184	−0.8%	Non-metro
Dorchester County	$1,159	+1.3%	Non-metro
Somerset County	$1,144	−2.0%	Somerset County, MD HUD Metro FMR Area
Allegany County	$1,014	+4.2%	Non-metro
Garrett County	$1,014	+4.2%	Non-metro

HUD metro FMR areas

FY 2027 two-bedroom fair market rent by HUD metro area in Maryland
Metro area	Counties	2BR
Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area	4	$2,438
Baltimore-Columbia-Towson, MD MSA	7	$2,006
Calvert County, MD HUD Metro FMR Area	1	$1,890
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA	1	$1,860
St. Mary's County, MD HUD Metro FMR Area	1	$1,787
Salisbury, MD HUD Metro FMR Area	1	$1,428
Hagerstown, MD HUD Metro FMR Area	1	$1,284
Somerset County, MD HUD Metro FMR Area	1	$1,144

Questions about Maryland rents

What is the fair market rent in Maryland?

HUD sets fair market rents by metro area and county, not statewide. For FY 2027 the median county two-bedroom FMR in Maryland is $1,875. Look up the county or ZIP code to see the value that applies to a specific property.

Which Maryland counties have the highest fair market rent?

For FY 2027, the highest two-bedroom FMRs are in Charles County ($2,438), Frederick County ($2,438), Montgomery County ($2,438).

Does Maryland use Small Area Fair Market Rents?

Yes, in part. HUD requires Small Area FMRs in 212 ZIP codes across the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA and Baltimore-Columbia-Towson, MD MSA. Elsewhere, housing authorities use the metro or county FMR unless they choose to adopt Small Area FMRs.

Source: HUD FY 2027 Fair Market Rents. Change compares each county's two-bedroom FMR with FY 2026.

Maryland counties Maryland cities Maryland ZIP codes What is FMR?

Data source: U.S. Department of Housing and Urban Development (HUD)

Fiscal Year 2027

Maryland (MD)

Market Alignment

Bedroom curve

Market Explorer

Market trends

Counties

County map

Maryland fair market rent by county, FY 2027

Two-bedroom FMR by county

HUD metro FMR areas

Questions about Maryland rents

What is the fair market rent in Maryland?

Which Maryland counties have the highest fair market rent?

Does Maryland use Small Area Fair Market Rents?