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Harford County/Joppa/21085

21085

ZIPSAFMR
Harford County, MD
Zillow

ZIP Investment Score

109Above average

095130300
BRFMR
Eff. Rent
0 BR$1,540$1,400
1 BR$1,640$1,460
2 BR$2,030$1,770
3 BR$2,540$2,170
4 BR$2,820$2,730
5 BR$3,243Not available
6 BR$3,729Not available
7 BR$4,289Not available
8 BR$4,932Not available

Purchase Price Calculator

Maximum purchase price
$201,105

Cost breakdown

+Likely effective rent$1,770
HUD FMR$2,030
Market rentUsed$1,770
Est. payment standard (92%)$1,860
-Principal and interest-$1,017
Loan amount$160,884
Down payment$40,221
Rate6.50%
Term30 years
-Operating costs-$553
Property taxes-$201
Insurance-$175
Utilities$0
HOA$0
Management-$177
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,427(70.7% ROI)
Projected value
$216,568
Return breakdown
Property appreciation+$15,463
Loan principal paid down+$5,764
Rental cash flow+$7,200
5-year hold
+$48,706(121.1% ROI)
Projected value
$227,532
Return breakdown
Property appreciation+$26,427
Loan principal paid down+$10,279
Rental cash flow+$12,000
10-year hold
+$104,819(260.6% ROI)
Projected value
$257,431
Return breakdown
Property appreciation+$56,326
Loan principal paid down+$24,493
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.10
1 BR
1.12
2 BR
1.15
3 BR
1.17
4 BR
1.03
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 21085 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21085 (Joppa, MD) is $2,030 a month. That is up 12.2% from $1,810 in FY 2026. Joppa 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, 21085 has the 11th-highest two-bedroom rent (county range $1,680–$3,010). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21085 is 8% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21085
BedroomsFY 2027Change90–110% range
Studio$1,540+15.8%$1,386–$1,694
1BR$1,640+11.6%$1,476–$1,804
2BR$2,030+12.2%$1,827–$2,233
3BR$2,540+10.4%$2,286–$2,794
4BR$2,820+10.6%$2,538–$3,102

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21085
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,540$1,640$2,030$2,540$2,820
FY 2026$1,330$1,470$1,810$2,300$2,550
FY 2025$1,330$1,510$1,850$2,380$2,660
FY 2024$1,240$1,420$1,750$2,270$2,570
FY 2023$950$1,100$1,360$1,760$2,020

Two-bedroom rent in nearby Harford County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 21085
21034$1,680−17.2%
21040$1,780−12.3%
21047$2,950+45.3%
21050$2,090+3.0%
21078$1,720−15.3%
21082$1,950−3.9%
21084$2,020−0.5%
21085Current$2,030—
21087$2,140+5.4%
21111$1,990−2.0%
21130$2,130+4.9%
21132$1,690−16.7%

Questions about ZIP 21085 rents

How much will Section 8 pay for a two-bedroom in ZIP 21085?

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 $2,030 it would be $1,827 to $2,233. 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 21085 in?

ZIP 21085 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 21085 for FY 2027?

The two-bedroom FMR rose 12.2%, from $1,810 in FY 2026 to $2,030 in FY 2027. Since FY 2023 it has risen 49.3%.

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