21405
ZIPSAFMR
Anne Arundel County, MD
BRFMR
Eff. Rent
0 BR$1,850$1,880
1 BR$2,050$2,100
2 BR$2,520$2,370
3 BR$3,200$3,170
4 BR$3,540$3,570
5 BR$4,071
6 BR$4,682
7 BR$5,384
8 BR$6,191

Purchase Price Calculator

Maximum purchase price
$290,265

Cost breakdown

+Likely effective rent$2,370
HUD FMR$2,520
Market rentUsed$2,370
Est. payment standard (96%)$2,420
Market rent is below the inferred standard ($2,420, 96% of FMR).
-Principal and interest-$1,468
Loan amount$232,212
Down payment$58,053
Rate6.50%
Term30 years
-Operating costs-$702
Property taxes-$290
Insurance-$175
Utilities$0
HOA$0
Management-$237
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,838(65.2% ROI)
Projected value
$312,583
Current value$290,265
Return breakdown
Property appreciation+$22,319
Loan principal paid down+$8,320
Rental cash flow+$7,200
5-year hold
+$64,979(111.9% ROI)
Projected value
$328,408
Current value$290,265
Return breakdown
Property appreciation+$38,143
Loan principal paid down+$14,836
Rental cash flow+$12,000
10-year hold
+$140,650(242.3% ROI)
Projected value
$371,563
Current value$290,265
Return breakdown
Property appreciation+$81,299
Loan principal paid down+$35,352
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
0.98ratio
FMR$1,850
Market$1,890
vs market-$40

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

90% standard$1,665 / 0.88 ratio110% standard$2,035 / 1.08 ratio
0.98
1 BR
1 BR
0.96ratio
FMR$2,050
Market$2,130
vs market-$80

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

90% standard$1,845 / 0.87 ratio110% standard$2,255 / 1.06 ratio
0.96
2 BR
2 BR
1.06ratio
FMR$2,520
Market$2,370
vs market+$150

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

90% standard$2,268 / 0.96 ratio110% standard$2,772 / 1.17 ratio
1.06
3 BR
3 BR
1.01ratio
FMR$3,200
Market$3,170
vs market+$30

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

90% standard$2,880 / 0.91 ratio110% standard$3,520 / 1.11 ratio
1.01
4 BR
4 BR
0.99ratio
FMR$3,540
Market$3,580
vs market-$40

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

90% standard$3,186 / 0.89 ratio110% standard$3,894 / 1.09 ratio
0.99
0.700.800.901.001.101.201.30aligned range

Voucher rents are well-aligned with market rents across all bedroom sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 21405 (MD) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

21405 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 21405 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,520 and the 4 bedroom fair market rent is $3,540.

Use this page for searches like 21405 FMR, 21405 fair market rent, and 21405 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 21405
Bedroom sizeHUD FMR
Studio$1,850
1 bedroom$2,050
2 bedroom$2,520
3 bedroom$3,200
4 bedroom$3,540