Skip to main content
Loading page
Baltimore County/Sparrows Point/21219

21219

ZIPSAFMR
Baltimore County, MD
Zillow

ZIP Investment Score

105Above average

095130300
BRFMR
Eff. Rent
0 BR$1,340$1,470
1 BR$1,430$1,540
2 BR$1,770$1,790
3 BR$2,210$2,350
4 BR$2,460$2,560
5 BR$2,829Not available
6 BR$3,253Not available
7 BR$3,741Not available
8 BR$4,303Not available

Purchase Price Calculator

Maximum purchase price
$204,077

Cost breakdown

+Likely effective rent$1,790
HUD FMR$1,770
Market rent$1,800
Est. payment standard (101%)Used$1,790
-Principal and interest-$1,032
Loan amount$163,261
Down payment$40,815
Rate6.50%
Term30 years
-Operating costs-$558
Property taxes-$204
Insurance-$175
Utilities$0
HOA$0
Management-$179
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,741(70.4% ROI)
Projected value
$219,768
Return breakdown
Property appreciation+$15,692
Loan principal paid down+$5,849
Rental cash flow+$7,200
5-year hold
+$49,248(120.7% ROI)
Projected value
$230,894
Return breakdown
Property appreciation+$26,817
Loan principal paid down+$10,431
Rental cash flow+$12,000
10-year hold
+$106,013(259.7% ROI)
Projected value
$261,236
Return breakdown
Property appreciation+$57,159
Loan principal paid down+$24,855
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.87
1 BR
0.89
2 BR
0.98
3 BR
0.91
4 BR
0.94
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 21219 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21219 (Sparrows Point, MD) is $1,770 a month. That is unchanged from FY 2026. Sparrows Point 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, 21219 is tied for the 51st-highest two-bedroom rent (county range $1,680–$2,480). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21219 is 6% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21219
BedroomsFY 2027Change90–110% range
Studio$1,340+5.5%$1,206–$1,474
1BR$1,430−1.4%$1,287–$1,573
2BR$1,7700.0%$1,593–$1,947
3BR$2,210−3.1%$1,989–$2,431
4BR$2,460−3.5%$2,214–$2,706

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21219
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,340$1,430$1,770$2,210$2,460
FY 2026$1,270$1,450$1,770$2,280$2,550
FY 2025$1,350$1,540$1,890$2,430$2,720
FY 2024$1,370$1,570$1,930$2,500$2,830
FY 2023$1,110$1,290$1,590$2,060$2,360

Two-bedroom rent in nearby Baltimore County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 21219
21209$2,280+28.8%
21210$1,870+5.6%
21212$1,820+2.8%
21215$1,680−5.1%
21219Current$1,770—
21220$2,040+15.3%
21221$1,680−5.1%
21222$1,710−3.4%
21224$2,290+29.4%
21225$1,680−5.1%
21227$1,750−1.1%
21228$1,920+8.5%

Questions about ZIP 21219 rents

How much will Section 8 pay for a two-bedroom in ZIP 21219?

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 $1,770 it would be $1,593 to $1,947. 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 21219 in?

ZIP 21219 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 21219 for FY 2027?

The two-bedroom FMR was unchanged at $1,770 in FY 2027. Since FY 2023 it has risen 11.3%.

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