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Allegany County/Ellerslie/21529

21529

ZIPSAFMR
Allegany County, MD
Zillow

ZIP Investment Score

126Above average

095130300
BRFMR
Eff. Rent
0 BR$810$820
1 BR$870$810
2 BR$1,020$1,090
3 BR$1,400$1,150
4 BR$1,530$1,330
5 BR$1,759Not available
6 BR$2,023Not available
7 BR$2,327Not available
8 BR$2,676Not available

Purchase Price Calculator

Maximum purchase price
$100,057

Cost breakdown

+Likely effective rent$1,090
HUD FMR$1,020
Market rent$1,130
Est. payment standard (107%)Used$1,090
-Principal and interest-$506
Loan amount$80,046
Down payment$20,011
Rate6.50%
Term30 years
-Operating costs-$384
Property taxes-$100
Insurance-$175
Utilities$0
HOA$0
Management-$109
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,761(88.8% ROI)
Projected value
$107,751
Return breakdown
Property appreciation+$7,693
Loan principal paid down+$2,868
Rental cash flow+$7,200
5-year hold
+$30,262(151.2% ROI)
Projected value
$113,205
Return breakdown
Property appreciation+$13,148
Loan principal paid down+$5,114
Rental cash flow+$12,000
10-year hold
+$64,210(320.9% ROI)
Projected value
$128,081
Return breakdown
Property appreciation+$28,024
Loan principal paid down+$12,186
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.98
1 BR
1.07
2 BR
0.90
3 BR
1.22
4 BR
1.15
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 21529 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21529 (Ellerslie, MD) is $1,020 a month. That is down 9.7% from $1,130 in FY 2026. Ellerslie 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, 21529 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 21529 is 46% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21529
BedroomsFY 2027Change90–110% range
Studio$8100.0%$729–$891
1BR$870−9.4%$783–$957
2BR$1,020−9.7%$918–$1,122
3BR$1,400−9.7%$1,260–$1,540
4BR$1,530−9.5%$1,377–$1,683

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21529
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$810$870$1,020$1,400$1,530
FY 2026$810$960$1,130$1,550$1,690
FY 2025$770$870$1,090$1,430$1,620
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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 21529
21505$1,0200.0%
21521$1,120+9.8%
21524$1,010−1.0%
21528$1,0200.0%
21529Current$1,020—
21530$1,280+25.5%
21532$1,100+7.8%
21539$1,010−1.0%
21540$1,010−1.0%
21542$1,010−1.0%
21543$1,010−1.0%
21545$1,010−1.0%

Questions about ZIP 21529 rents

How much will Section 8 pay for a two-bedroom in ZIP 21529?

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 21529 in?

ZIP 21529 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 21529 for FY 2027?

The two-bedroom FMR fell 9.7%, from $1,130 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

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