Harford County/Forest Hill/21050

21050

ZIPSAFMR

Harford County, MD

View on ZillowZillow

ZIP Investment Score

101Above average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,590	$1,600	2.4%
1 BR	$1,690	$1,560	0.0%
2 BR	$2,090	$2,000	0.2%
3 BR	$2,610	$2,420	-1.1%
4 BR	$2,910	$2,920	-1.6%
5 BR	$3,346	Not available	-1.6%
6 BR	$3,848	Not available	-1.6%
7 BR	$4,426	Not available	-1.6%
8 BR	$5,090	Not available	-1.5%

Purchase Price Calculator

Maximum purchase price

$235,283

Cost breakdown

+Likely effective rent$2,000

HUD FMR$2,090

Market rentUsed$2,000

Est. payment standard (97%)$2,030

-Principal and interest-$1,190

Loan amount$188,226

Down payment$47,057

Rate6.50%

Term30 years

-Operating costs-$610

Property taxes-$235

Insurance-$175

Utilities$0

HOA$0

Management-$200

=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

+$32,035(68.1% ROI)

Projected value

$253,374

Return breakdown

Property appreciation+$18,091

Loan principal paid down+$6,744

Rental cash flow+$7,200

5-year hold

+$54,944(116.8% ROI)

Projected value

$266,201

Return breakdown

Property appreciation+$30,918

Loan principal paid down+$12,026

Rental cash flow+$12,000

10-year hold

+$118,554(251.9% ROI)

Projected value

$301,182

Return breakdown

Property appreciation+$65,899

Loan principal paid down+$28,655

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.99ratio

FMR$1,590

Market$1,610

vs market-$20

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

0.99

1 BR

1.08ratio

FMR$1,690

Market$1,560

vs market+$130

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

1.08

2 BR

1.04ratio

FMR$2,090

Market$2,000

vs market+$90

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

1.04

3 BR

1.08ratio

FMR$2,610

Market$2,420

vs market+$190

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

1.08

4 BR

1.00ratio

FMR$2,910

Market$2,920

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 21050 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21050 (Forest Hill, MD) is $2,090 a month. That is up 6.6% from $1,960 in FY 2026. Forest Hill 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, 21050 has the 10th-highest two-bedroom rent (county range $1,680–$3,010). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21050 is 11% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21050
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,440	$1,590	+10.4%	$1,431–$1,749
1BR	$1,590	$1,690	+6.3%	$1,521–$1,859
2BR	$1,960	$2,090	+6.6%	$1,881–$2,299
3BR	$2,490	$2,610	+4.8%	$2,349–$2,871
4BR	$2,760	$2,910	+5.4%	$2,619–$3,201

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21050
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,590	$1,690	$2,090	$2,610	$2,910
FY 2026	$1,440	$1,590	$1,960	$2,490	$2,760
FY 2025	$1,500	$1,710	$2,090	$2,690	$3,010
FY 2024	$1,480	$1,690	$2,080	$2,700	$3,050
FY 2023	$1,180	$1,370	$1,690	$2,190	$2,510

Two-bedroom rent in nearby Harford County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 21050
21014	$1,950	−6.7%
21015	$2,140	+2.4%
21017	$2,170	+3.8%
21028	$2,310	+10.5%
21034	$1,680	−19.6%
21040	$1,780	−14.8%
21047	$2,950	+41.1%
21050Current	$2,090	—
21078	$1,720	−17.7%
21082	$1,950	−6.7%
21084	$2,020	−3.3%
21085	$2,030	−2.9%

Questions about ZIP 21050 rents

How much will Section 8 pay for a two-bedroom in ZIP 21050?

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 $2,090 it would be $1,881 to $2,299. 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 21050 in?

ZIP 21050 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 21050 for FY 2027?

The two-bedroom FMR rose 6.6%, from $1,960 in FY 2026 to $2,090 in FY 2027. Since FY 2023 it has risen 23.7%.

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 Forest Hill, MD fair market rent MD statewide rents What is SAFMR?Data sources