Baltimore County/Baltimore/21210

21210

ZIPSAFMR

Baltimore County, MD

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ZIP Investment Score

73Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,420	$1,180	2.0%
1 BR	$1,510	$1,320	-0.7%
2 BR	$1,870	$1,860	-0.4%
3 BR	$2,340	$2,440	-1.5%
4 BR	$2,600	$2,860	-2.1%
5 BR	$2,990	Not available	-2.1%
6 BR	$3,438	Not available	-2.1%
7 BR	$3,954	Not available	-2.1%
8 BR	$4,547	Not available	-2.1%

Purchase Price Calculator

Maximum purchase price

$214,479

Cost breakdown

+Likely effective rent$1,860

HUD FMR$1,870

Market rentUsed$1,860

Est. payment standard (100%)$1,860

-Principal and interest-$1,085

Loan amount$171,583

Down payment$42,896

Rate6.50%

Term30 years

-Operating costs-$575

Property taxes-$214

Insurance-$175

Utilities$0

HOA$0

Management-$186

=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

+$29,839(69.6% ROI)

Projected value

$230,970

Return breakdown

Property appreciation+$16,491

Loan principal paid down+$6,147

Rental cash flow+$7,200

5-year hold

+$51,147(119.2% ROI)

Projected value

$242,663

Return breakdown

Property appreciation+$28,184

Loan principal paid down+$10,962

Rental cash flow+$12,000

10-year hold

+$110,194(256.9% ROI)

Projected value

$274,551

Return breakdown

Property appreciation+$60,072

Loan principal paid down+$26,122

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.20ratio

FMR$1,420

Market$1,180

vs market+$240

FMR is above market; underwrite to market rent.

1.20

1 BR

1.14ratio

FMR$1,510

Market$1,320

vs market+$190

FMR is above market; underwrite to market rent.

1.14

2 BR

1.01ratio

FMR$1,870

Market$1,860

vs market+$10

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

1.01

3 BR

0.94ratio

FMR$2,340

Market$2,490

vs market-$150

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

0.94

4 BR

0.80ratio

FMR$2,600

Market$3,230

vs market-$630

FMR is below market; voucher rent may lag private rents.

0.80

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 21210 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21210 (Baltimore, MD) is $1,870 a month. That is up 5.6% from $1,770 in FY 2026. Baltimore 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, 21210 has the 46th-highest two-bedroom rent (county range $1,680–$2,480).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21210
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,290	$1,420	+10.1%	$1,278–$1,562
1BR	$1,450	$1,510	+4.1%	$1,359–$1,661
2BR	$1,770	$1,870	+5.6%	$1,683–$2,057
3BR	$2,280	$2,340	+2.6%	$2,106–$2,574
4BR	$2,550	$2,600	+2.0%	$2,340–$2,860

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21210
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,420	$1,510	$1,870	$2,340	$2,600
FY 2026	$1,290	$1,450	$1,770	$2,280	$2,550
FY 2025	$1,350	$1,540	$1,890	$2,430	$2,720
FY 2024	$1,340	$1,540	$1,890	$2,450	$2,770
FY 2023	$1,080	$1,250	$1,540	$2,000	$2,290

Two-bedroom rent in nearby Baltimore County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 21210
21204	$2,340	+25.1%
21206	$1,680	−10.2%
21207	$1,760	−5.9%
21208	$2,340	+25.1%
21209	$2,280	+21.9%
21210Current	$1,870	—
21212	$1,820	−2.7%
21215	$1,680	−10.2%
21219	$1,770	−5.3%
21220	$2,040	+9.1%
21221	$1,680	−10.2%
21222	$1,710	−8.6%

Questions about ZIP 21210 rents

How much will Section 8 pay for a two-bedroom in ZIP 21210?

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 $1,870 it would be $1,683 to $2,057. 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 21210 in?

ZIP 21210 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 21210 for FY 2027?

The two-bedroom FMR rose 5.6%, from $1,770 in FY 2026 to $1,870 in FY 2027. Since FY 2023 it has risen 21.4%.

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