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Baltimore County/Lutherville Timonium/21093

21093

ZIPSAFMR
Baltimore County, MD
Zillow

ZIP Investment Score

88Below average

095130300
BRFMR
Eff. Rent
0 BR$1,470$1,520
1 BR$1,570$1,730
2 BR$1,940$2,130
3 BR$2,430$2,590
4 BR$2,700$2,970
5 BR$3,105Not available
6 BR$3,571Not available
7 BR$4,106Not available
8 BR$4,722Not available

Purchase Price Calculator

Maximum purchase price
$254,601

Cost breakdown

+Likely effective rent$2,130
HUD FMR$1,940
Market rent$2,300
Est. payment standard (110%)Used$2,130
-Principal and interest-$1,287
Loan amount$203,681
Down payment$50,920
Rate6.50%
Term30 years
-Operating costs-$643
Property taxes-$255
Insurance-$175
Utilities$0
HOA$0
Management-$213
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,074(66.9% ROI)
Projected value
$274,177
Return breakdown
Property appreciation+$19,576
Loan principal paid down+$7,297
Rental cash flow+$7,200
5-year hold
+$58,470(114.8% ROI)
Projected value
$288,057
Return breakdown
Property appreciation+$33,457
Loan principal paid down+$13,013
Rental cash flow+$12,000
10-year hold
+$126,318(248.1% ROI)
Projected value
$325,910
Return breakdown
Property appreciation+$71,310
Loan principal paid down+$31,008
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.95
1 BR
0.81
2 BR
0.84
3 BR
0.91
4 BR
0.79
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 21093 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21093 (Lutherville Timonium, MD) is $1,940 a month. That is up 6.0% from $1,830 in FY 2026. Lutherville Timonium 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 65 ZIP codes in Baltimore County, 21093 is tied for the 40th-highest two-bedroom rent (county range $1,680–$2,480). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21093 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21093
BedroomsFY 2027Change90–110% range
Studio$1,470+9.7%$1,323–$1,617
1BR$1,570+5.4%$1,413–$1,727
2BR$1,940+6.0%$1,746–$2,134
3BR$2,430+4.7%$2,187–$2,673
4BR$2,700+5.1%$2,430–$2,970

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21093
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,470$1,570$1,940$2,430$2,700
FY 2026$1,340$1,490$1,830$2,320$2,570
FY 2025$1,400$1,590$1,950$2,510$2,800
FY 2024$1,350$1,550$1,900$2,460$2,790
FY 2023$1,030$1,200$1,480$1,920$2,200

Two-bedroom rent in nearby Baltimore County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 21093
21071$1,910−1.5%
21074$1,680−13.4%
21082$1,950+0.5%
21085$2,030+4.6%
21087$2,140+10.3%
21092$1,950+0.5%
21093Current$1,940—
21094$1,950+0.5%
21102$1,680−13.4%
21104$2,130+9.8%
21105$1,950+0.5%
21111$1,990+2.6%

Questions about ZIP 21093 rents

How much will Section 8 pay for a two-bedroom in ZIP 21093?

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 $1,940 it would be $1,746 to $2,134. 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 21093 in?

ZIP 21093 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 21093 for FY 2027?

The two-bedroom FMR rose 6.0%, from $1,830 in FY 2026 to $1,940 in FY 2027. Since FY 2023 it has risen 31.1%.

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