FMR is near market; voucher and private rents are aligned.
0.91
1 BR
1 BR
0.85ratio
FMR$890
Market$1,050
vs market-$160
FMR is below market; voucher rent may lag private rents.
0.85
2 BR
2 BR
0.89ratio
FMR$1,020
Market$1,140
vs market-$120
FMR is below market; voucher rent may lag private rents.
0.89
3 BR
3 BR
1.20ratio
FMR$1,390
Market$1,160
vs market+$230
FMR is above market; underwrite to market rent.
1.20
4 BR
4 BR
1.26ratio
FMR$1,480
Market$1,170
vs market+$310
FMR is above market; underwrite to market rent.
1.26
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 21505 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21505 (Cumberland, MD) is $1,020 a month. That is up 4.1% from $980 in FY 2026. Cumberland is in the Allegany County, MD non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,014. Among 21 ZIP codes in Allegany County, 21505 is tied for the 6th-highest two-bedroom rent (county range $1,010–$1,280). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21505 is 46% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 21505
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$700
$870
+24.3%
$783–$957
1BR
$830
$890
+7.2%
$801–$979
2BR
$980
$1,020
+4.1%
$918–$1,122
3BR
$1,340
$1,390
+3.7%
$1,251–$1,529
4BR
$1,460
$1,480
+1.4%
$1,332–$1,628
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 21505
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$870
$890
$1,020
$1,390
$1,480
FY 2026
$700
$830
$980
$1,340
$1,460
FY 2025
$670
$760
$950
$1,250
$1,410
FY 2024
$640
$750
$940
$1,210
$1,480
FY 2023
$580
$690
$860
$1,100
$1,390
Two-bedroom rent in nearby Allegany County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 21505?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,020 it would be $918 to $1,122. 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 21505 in?
ZIP 21505 is in the Allegany County, MD non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,014.
How much did fair market rent change in ZIP 21505 for FY 2027?
The two-bedroom FMR rose 4.1%, from $980 in FY 2026 to $1,020 in FY 2027. Since FY 2023 it has risen 18.6%.
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