Howard County/Dayton/21036

21036

ZIPSAFMR

Howard County, MD

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ZIP Investment Score

73Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$2,160	$1,820	1.6%
1 BR	$2,270	$1,760	-0.1%
2 BR	$2,600	$2,580	-1.6%
3 BR	$3,290	$3,260	-1.9%
4 BR	$3,810	$3,820	-1.7%
5 BR	$4,382	Not available	-1.7%
6 BR	$5,039	Not available	-1.7%
7 BR	$5,795	Not available	-1.7%
8 BR	$6,664	Not available	-1.7%

Purchase Price Calculator

Maximum purchase price

$321,470

Cost breakdown

+Likely effective rent$2,580

HUD FMR$2,600

Market rentUsed$2,580

Est. payment standard (100%)$2,590

-Principal and interest-$1,626

Loan amount$257,176

Down payment$64,294

Rate6.50%

Term30 years

-Operating costs-$754

Property taxes-$321

Insurance-$175

Utilities$0

HOA$0

Management-$258

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$41,132(64.0% ROI)

Projected value

$346,189

Return breakdown

Property appreciation+$24,718

Loan principal paid down+$9,214

Rental cash flow+$7,200

5-year hold

+$70,675(109.9% ROI)

Projected value

$363,714

Return breakdown

Property appreciation+$42,244

Loan principal paid down+$16,431

Rental cash flow+$12,000

10-year hold

+$153,191(238.3% ROI)

Projected value

$411,509

Return breakdown

Property appreciation+$90,039

Loan principal paid down+$39,152

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.19ratio

FMR$2,160

Market$1,820

vs market+$340

FMR is above market; underwrite to market rent.

1.19

1 BR

1.29ratio

FMR$2,270

Market$1,760

vs market+$510

FMR is above market; underwrite to market rent.

1.29

2 BR

1.01ratio

FMR$2,600

Market$2,580

vs market+$20

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

1.01

3 BR

1.01ratio

FMR$3,290

Market$3,260

vs market+$30

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

1.01

4 BR

1.00ratio

FMR$3,810

Market$3,820

vs market-$10

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

1.00

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: --

ZIP 21036 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21036 (Dayton, MD) is $2,600 a month. That is down 3.3% from $2,690 in FY 2026. Dayton 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. Among 28 ZIP codes in Howard County, 21036 has the 8th-highest two-bedroom rent (county range $1,780–$2,930). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21036 is 39% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21036
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$2,060	$2,160	+4.9%	$1,944–$2,376
1BR	$2,240	$2,270	+1.3%	$2,043–$2,497
2BR	$2,690	$2,600	−3.3%	$2,340–$2,860
3BR	$3,410	$3,290	−3.5%	$2,961–$3,619
4BR	$3,830	$3,810	−0.5%	$3,429–$4,191

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21036
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$2,160	$2,270	$2,600	$3,290	$3,810
FY 2026	$2,060	$2,240	$2,690	$3,410	$3,830
FY 2025	$2,150	$2,380	$2,850	$3,650	$4,130
FY 2024	$2,060	$2,280	$2,730	$3,490	$4,010
FY 2023	$1,700	$1,880	$2,260	$2,900	$3,360

Two-bedroom rent in nearby Howard County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 21036
21029	$2,660	+2.3%
21036Current	$2,600	—
21041	$2,540	−2.3%
21042	$2,640	+1.5%
21043	$2,480	−4.6%
21044	$2,730	+5.0%
21045	$2,240	−13.8%
21046	$2,640	+1.5%
21075	$2,610	+0.4%
21076	$2,930	+12.7%
21104	$2,130	−18.1%
21150	$2,540	−2.3%

Questions about ZIP 21036 rents

How much will Section 8 pay for a two-bedroom in ZIP 21036?

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 $2,600 it would be $2,340 to $2,860. 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 ZIP 21036 in?

ZIP 21036 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 ZIP 21036 for FY 2027?

The two-bedroom FMR fell 3.3%, from $2,690 in FY 2026 to $2,600 in FY 2027. Since FY 2023 it has risen 15.0%.

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

County fair market rent Dayton, MD fair market rent MD statewide rents What is SAFMR?Data sources