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Anne Arundel County/Gambrills/21054

21054

ZIPSAFMR
Anne Arundel County, MD
Zillow

ZIP Investment Score

85Below average

095130300
BRFMR
Eff. Rent
0 BR$2,290$1,800
1 BR$2,440$1,780
2 BR$3,010$2,300
3 BR$3,760$2,760
4 BR$4,180$3,270
5 BR$4,807Not available
6 BR$5,528Not available
7 BR$6,357Not available
8 BR$7,311Not available

Purchase Price Calculator

Maximum purchase price
$279,863

Cost breakdown

+Likely effective rent$2,300
HUD FMR$3,010
Market rentUsed$2,300
Est. payment standard (90%)$2,710
-Principal and interest-$1,415
Loan amount$223,890
Down payment$55,973
Rate6.50%
Term30 years
-Operating costs-$685
Property taxes-$280
Insurance-$175
Utilities$0
HOA$0
Management-$230
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$36,740(65.6% ROI)
Projected value
$301,381
Return breakdown
Property appreciation+$21,519
Loan principal paid down+$8,021
Rental cash flow+$7,200
5-year hold
+$63,081(112.7% ROI)
Projected value
$316,639
Return breakdown
Property appreciation+$36,776
Loan principal paid down+$14,304
Rental cash flow+$12,000
10-year hold
+$136,470(243.8% ROI)
Projected value
$358,248
Return breakdown
Property appreciation+$78,385
Loan principal paid down+$34,085
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.27
1 BR
1.37
2 BR
1.31
3 BR
1.36
4 BR
1.28
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 21054 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21054 (Gambrills, MD) is $3,010 a month. That is up 7.9% from $2,790 in FY 2026. Gambrills 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 46 ZIP codes in Anne Arundel County, 21054 is tied for the highest two-bedroom rent (county range $1,680–$3,010). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21054 is 61% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21054
BedroomsFY 2027Change90–110% range
Studio$2,290+11.7%$2,061–$2,519
1BR$2,440+7.5%$2,196–$2,684
2BR$3,010+7.9%$2,709–$3,311
3BR$3,760+6.2%$3,384–$4,136
4BR$4,180+6.6%$3,762–$4,598

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21054
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,290$2,440$3,010$3,760$4,180
FY 2026$2,050$2,270$2,790$3,540$3,920
FY 2025$2,100$2,390$2,930$3,770$4,210
FY 2024$1,990$2,280$2,800$3,630$4,110
FY 2023$1,560$1,810$2,230$2,890$3,310

Two-bedroom rent in nearby Anne Arundel County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 21054
21012$2,680−11.0%
21032$3,0100.0%
21035$3,0100.0%
21037$2,750−8.6%
21054Current$3,010—
21056$2,560−15.0%
21060$2,070−31.2%
21061$2,230−25.9%
21062$2,520−16.3%
21076$2,930−2.7%
21077$2,930−2.7%
21090$2,390−20.6%

Questions about ZIP 21054 rents

How much will Section 8 pay for a two-bedroom in ZIP 21054?

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 $3,010 it would be $2,709 to $3,311. 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 21054 in?

ZIP 21054 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 21054 for FY 2027?

The two-bedroom FMR rose 7.9%, from $2,790 in FY 2026 to $3,010 in FY 2027. Since FY 2023 it has risen 35.0%.

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