Howard County/Ellicott City/21043

21043

ZIPSAFMR

Howard County, MD

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ZIP Investment Score

94Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,880	$1,550	2.0%
1 BR	$2,010	$1,640	-0.3%
2 BR	$2,480	$2,260	-0.1%
3 BR	$3,100	$3,040	-1.4%
4 BR	$3,450	$3,600	-1.9%
5 BR	$3,967	Not available	-1.9%
6 BR	$4,563	Not available	-1.9%
7 BR	$5,247	Not available	-1.9%
8 BR	$6,034	Not available	-1.9%

Purchase Price Calculator

Maximum purchase price

$273,919

Cost breakdown

+Likely effective rent$2,260

HUD FMR$2,480

Market rentUsed$2,260

Est. payment standard (94%)$2,340

-Principal and interest-$1,385

Loan amount$219,135

Down payment$54,784

Rate6.50%

Term30 years

-Operating costs-$675

Property taxes-$274

Insurance-$175

Utilities$0

HOA$0

Management-$226

=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

+$36,113(65.9% ROI)

Projected value

$294,980

Return breakdown

Property appreciation+$21,062

Loan principal paid down+$7,851

Rental cash flow+$7,200

5-year hold

+$61,996(113.2% ROI)

Projected value

$309,914

Return breakdown

Property appreciation+$35,995

Loan principal paid down+$14,001

Rental cash flow+$12,000

10-year hold

+$134,081(244.7% ROI)

Projected value

$350,639

Return breakdown

Property appreciation+$76,720

Loan principal paid down+$33,361

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.21ratio

FMR$1,880

Market$1,550

vs market+$330

FMR is above market; underwrite to market rent.

1.21

1 BR

1.23ratio

FMR$2,010

Market$1,640

vs market+$370

FMR is above market; underwrite to market rent.

1.23

2 BR

1.10ratio

FMR$2,480

Market$2,260

vs market+$220

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

1.10

3 BR

1.02ratio

FMR$3,100

Market$3,040

vs market+$60

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

1.02

4 BR

0.94ratio

FMR$3,450

Market$3,680

vs market-$230

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

0.94

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 21043 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21043 (Ellicott City, MD) is $2,480 a month. That is up 8.8% from $2,280 in FY 2026. Ellicott City 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, 21043 has the 22nd-highest two-bedroom rent (county range $1,780–$2,930). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21043 is 32% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21043
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,670	$1,880	+12.6%	$1,692–$2,068
1BR	$1,850	$2,010	+8.6%	$1,809–$2,211
2BR	$2,280	$2,480	+8.8%	$2,232–$2,728
3BR	$2,890	$3,100	+7.3%	$2,790–$3,410
4BR	$3,210	$3,450	+7.5%	$3,105–$3,795

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21043
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,880	$2,010	$2,480	$3,100	$3,450
FY 2026	$1,670	$1,850	$2,280	$2,890	$3,210
FY 2025	$1,740	$1,980	$2,430	$3,130	$3,490
FY 2024	$1,770	$2,030	$2,490	$3,230	$3,650
FY 2023	$1,450	$1,680	$2,080	$2,700	$3,090

Two-bedroom rent in nearby Howard County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 21043
21029	$2,660	+7.3%
21036	$2,600	+4.8%
21041	$2,540	+2.4%
21042	$2,640	+6.5%
21043Current	$2,480	—
21044	$2,730	+10.1%
21045	$2,240	−9.7%
21046	$2,640	+6.5%
21075	$2,610	+5.2%
21076	$2,930	+18.1%
21104	$2,130	−14.1%
21150	$2,540	+2.4%

Questions about ZIP 21043 rents

How much will Section 8 pay for a two-bedroom in ZIP 21043?

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 $2,480 it would be $2,232 to $2,728. 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 21043 in?

ZIP 21043 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 21043 for FY 2027?

The two-bedroom FMR rose 8.8%, from $2,280 in FY 2026 to $2,480 in FY 2027. Since FY 2023 it has risen 19.2%.

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 Ellicott City, MD fair market rent MD statewide rents What is SAFMR?Data sources