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Harford County/Edgewood/21040

21040

ZIPSAFMR
Harford County, MD
Zillow

ZIP Investment Score

128Above average

095130300
BRFMR
Eff. Rent
0 BR$1,350$1,300
1 BR$1,440$1,450
2 BR$1,780$1,600
3 BR$2,230$1,930
4 BR$2,470$2,570
5 BR$2,841Not available
6 BR$3,267Not available
7 BR$3,757Not available
8 BR$4,320Not available

Purchase Price Calculator

Maximum purchase price
$175,843

Cost breakdown

+Likely effective rent$1,600
HUD FMR$1,780
Market rentUsed$1,600
Est. payment standard (93%)$1,660
-Principal and interest-$889
Loan amount$140,674
Down payment$35,169
Rate6.50%
Term30 years
-Operating costs-$511
Property taxes-$176
Insurance-$175
Utilities$0
HOA$0
Management-$160
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,761(73.2% ROI)
Projected value
$189,364
Return breakdown
Property appreciation+$13,521
Loan principal paid down+$5,040
Rental cash flow+$7,200
5-year hold
+$44,095(125.4% ROI)
Projected value
$198,950
Return breakdown
Property appreciation+$23,107
Loan principal paid down+$8,988
Rental cash flow+$12,000
10-year hold
+$94,667(269.2% ROI)
Projected value
$225,094
Return breakdown
Property appreciation+$49,251
Loan principal paid down+$21,416
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.04
1 BR
0.99
2 BR
1.11
3 BR
1.16
4 BR
0.94
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 21040 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21040 (Edgewood, MD) is $1,780 a month. That is up 0.6% from $1,770 in FY 2026. Edgewood 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 24 ZIP codes in Harford County, 21040 has the 18th-highest two-bedroom rent (county range $1,680–$3,010). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21040 is 5% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21040
BedroomsFY 2027Change90–110% range
Studio$1,350+6.3%$1,215–$1,485
1BR$1,440−0.7%$1,296–$1,584
2BR$1,780+0.6%$1,602–$1,958
3BR$2,230−2.2%$2,007–$2,453
4BR$2,470−3.1%$2,223–$2,717

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21040
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,350$1,440$1,780$2,230$2,470
FY 2026$1,270$1,450$1,770$2,280$2,550
FY 2025$1,300$1,480$1,810$2,330$2,600
FY 2024$1,290$1,480$1,820$2,360$2,670
FY 2023$1,040$1,210$1,490$1,930$2,210

Two-bedroom rent in nearby Harford County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 21040
21005$2,460+38.2%
21009$2,120+19.1%
21010$3,010+69.1%
21013$1,680−5.6%
21014$1,950+9.6%
21015$2,140+20.2%
21017$2,170+21.9%
21028$2,310+29.8%
21034$1,680−5.6%
21040Current$1,780—
21047$2,950+65.7%
21050$2,090+17.4%

Questions about ZIP 21040 rents

How much will Section 8 pay for a two-bedroom in ZIP 21040?

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 $1,780 it would be $1,602 to $1,958. 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 21040 in?

ZIP 21040 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 21040 for FY 2027?

The two-bedroom FMR rose 0.6%, from $1,770 in FY 2026 to $1,780 in FY 2027. Since FY 2023 it has risen 19.5%.

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 rentEdgewood, MD fair market rentMD statewide rentsWhat is SAFMR?Data sources