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Baltimore City/Baltimore/21230

21230

ZIPSAFMR
Baltimore City, MD
Zillow

ZIP Investment Score

106Above average

095130300
BRFMR
Eff. Rent
0 BR$1,820$1,130
1 BR$1,940$1,770
2 BR$2,400$2,030
3 BR$3,000$2,250
4 BR$3,340$1,910
5 BR$3,841Not available
6 BR$4,417Not available
7 BR$5,080Not available
8 BR$5,842Not available

Purchase Price Calculator

Maximum purchase price
$239,741

Cost breakdown

+Likely effective rent$2,030
HUD FMR$2,400
Market rentUsed$2,030
Est. payment standard (90%)$2,160
-Principal and interest-$1,212
Loan amount$191,793
Down payment$47,948
Rate6.50%
Term30 years
-Operating costs-$618
Property taxes-$240
Insurance-$175
Utilities$0
HOA$0
Management-$203
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,505(67.8% ROI)
Projected value
$258,174
Return breakdown
Property appreciation+$18,434
Loan principal paid down+$6,871
Rental cash flow+$7,200
5-year hold
+$55,758(116.3% ROI)
Projected value
$271,245
Return breakdown
Property appreciation+$31,504
Loan principal paid down+$12,254
Rental cash flow+$12,000
10-year hold
+$120,346(251.0% ROI)
Projected value
$306,888
Return breakdown
Property appreciation+$67,148
Loan principal paid down+$29,198
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.61
1 BR
1.10
2 BR
1.18
3 BR
1.33
4 BR
1.75
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 21230 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21230 (Baltimore, MD) is $2,400 a month. That is up 11.6% from $2,150 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 36 ZIP codes in Baltimore City, 21230 has the 2nd-highest two-bedroom rent (county range $1,680–$2,410). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21230 is 28% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21230
BedroomsFY 2027Change90–110% range
Studio$1,820+15.2%$1,638–$2,002
1BR$1,940+10.9%$1,746–$2,134
2BR$2,400+11.6%$2,160–$2,640
3BR$3,000+9.9%$2,700–$3,300
4BR$3,340+10.6%$3,006–$3,674

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21230
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,820$1,940$2,400$3,000$3,340
FY 2026$1,580$1,750$2,150$2,730$3,020
FY 2025$1,550$1,760$2,160$2,780$3,110
FY 2024$1,490$1,710$2,100$2,720$3,080
FY 2023$1,220$1,420$1,750$2,270$2,600

Two-bedroom rent in nearby Baltimore City ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 21230
21223$1,680−30.0%
21224$2,290−4.6%
21225$1,680−30.0%
21226$1,680−30.0%
21227$1,750−27.1%
21228$1,920−20.0%
21229$1,680−30.0%
21230Current$2,400—
21231$2,370−1.2%
21233$1,720−28.3%
21234$1,980−17.5%
21236$1,990−17.1%

Questions about ZIP 21230 rents

How much will Section 8 pay for a two-bedroom in ZIP 21230?

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 $2,400 it would be $2,160 to $2,640. 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 21230 in?

ZIP 21230 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 21230 for FY 2027?

The two-bedroom FMR rose 11.6%, from $2,150 in FY 2026 to $2,400 in FY 2027. Since FY 2023 it has risen 37.1%.

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