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Baltimore City/Nottingham/21236

21236

ZIPSAFMR
Baltimore City, MD
Zillow

ZIP Investment Score

133High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,510$1,460
1 BR$1,610$1,480
2 BR$1,990$2,070
3 BR$2,490$2,460
4 BR$2,770$2,710
5 BR$3,185Not available
6 BR$3,663Not available
7 BR$4,213Not available
8 BR$4,845Not available

Purchase Price Calculator

Maximum purchase price
$245,685

Cost breakdown

+Likely effective rent$2,070
HUD FMR$1,990
Market rent$2,120
Est. payment standard (104%)Used$2,070
-Principal and interest-$1,242
Loan amount$196,548
Down payment$49,137
Rate6.50%
Term30 years
-Operating costs-$628
Property taxes-$246
Insurance-$175
Utilities$0
HOA$0
Management-$207
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,133(67.4% ROI)
Projected value
$264,576
Return breakdown
Property appreciation+$18,891
Loan principal paid down+$7,042
Rental cash flow+$7,200
5-year hold
+$56,842(115.7% ROI)
Projected value
$277,970
Return breakdown
Property appreciation+$32,285
Loan principal paid down+$12,557
Rental cash flow+$12,000
10-year hold
+$122,735(249.8% ROI)
Projected value
$314,497
Return breakdown
Property appreciation+$68,812
Loan principal paid down+$29,922
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.03
1 BR
1.09
2 BR
0.94
3 BR
1.01
4 BR
1.02
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 21236 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21236 (Nottingham, MD) is $1,990 a month. That is up 8.7% from $1,830 in FY 2026. Nottingham 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, 21236 has the 9th-highest two-bedroom rent (county range $1,680–$2,410). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21236 is 6% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21236
BedroomsFY 2027Change90–110% range
Studio$1,510+12.7%$1,359–$1,661
1BR$1,610+8.1%$1,449–$1,771
2BR$1,990+8.7%$1,791–$2,189
3BR$2,490+7.3%$2,241–$2,739
4BR$2,770+7.8%$2,493–$3,047

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21236
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,510$1,610$1,990$2,490$2,770
FY 2026$1,340$1,490$1,830$2,320$2,570
FY 2025$1,400$1,600$1,960$2,520$2,820
FY 2024$1,380$1,590$1,950$2,530$2,860
FY 2023$1,130$1,300$1,610$2,090$2,390

Two-bedroom rent in nearby Baltimore City ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 21236
21225$1,680−15.6%
21226$1,680−15.6%
21227$1,750−12.1%
21228$1,920−3.5%
21229$1,680−15.6%
21230$2,400+20.6%
21231$2,370+19.1%
21233$1,720−13.6%
21234$1,980−0.5%
21236Current$1,990—
21237$1,850−7.0%
21239$1,680−15.6%

Questions about ZIP 21236 rents

How much will Section 8 pay for a two-bedroom in ZIP 21236?

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 $1,990 it would be $1,791 to $2,189. 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 21236 in?

ZIP 21236 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 21236 for FY 2027?

The two-bedroom FMR rose 8.7%, from $1,830 in FY 2026 to $1,990 in FY 2027. Since FY 2023 it has risen 23.6%.

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