Allegany County/Midlothian/21543

21543

ZIPSAFMR

Allegany County, MD

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ZIP Investment Score

116Above average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$860	$840	9.2%
1 BR	$890	$890	4.5%
2 BR	$1,010	$970	1.4%
3 BR	$1,390	$1,140	3.6%
4 BR	$1,480	$1,310	-1.1%
5 BR	$1,702	Not available	-1.1%
6 BR	$1,957	Not available	-1.1%
7 BR	$2,251	Not available	-1.1%
8 BR	$2,589	Not available	-1.1%

Purchase Price Calculator

Maximum purchase price

$82,225

Cost breakdown

+Likely effective rent$970

HUD FMR$1,010

Market rentUsed$970

Est. payment standard (97%)$980

-Principal and interest-$416

Loan amount$65,780

Down payment$16,445

Rate6.50%

Term30 years

-Operating costs-$354

Property taxes-$82

Insurance-$175

Utilities$0

HOA$0

Management-$97

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$15,879(96.6% ROI)

Projected value

$88,547

Return breakdown

Property appreciation+$6,322

Loan principal paid down+$2,357

Rental cash flow+$7,200

5-year hold

+$27,008(164.2% ROI)

Projected value

$93,030

Return breakdown

Property appreciation+$10,805

Loan principal paid down+$4,203

Rental cash flow+$12,000

10-year hold

+$57,044(346.9% ROI)

Projected value

$105,255

Return breakdown

Property appreciation+$23,030

Loan principal paid down+$10,014

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.02ratio

FMR$860

Market$840

vs market+$20

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

1.02

1 BR

1.00ratio

FMR$890

Market$890

vs market+$0

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

1.00

2 BR

1.04ratio

FMR$1,010

Market$970

vs market+$40

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

1.04

3 BR

1.22ratio

FMR$1,390

Market$1,140

vs market+$250

FMR is above market; underwrite to market rent.

1.22

4 BR

1.13ratio

FMR$1,480

Market$1,310

vs market+$170

FMR is above market; underwrite to market rent.

1.13

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 21543 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21543 (Midlothian, MD) is $1,010 a month. That is down 1.9% from $1,030 in FY 2026. Midlothian 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, 21543 is tied for the 12th-highest two-bedroom rent (county range $1,010–$1,280). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21543 is 46% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21543
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$750	$860	+14.7%	$774–$946
1BR	$870	$890	+2.3%	$801–$979
2BR	$1,030	$1,010	−1.9%	$909–$1,111
3BR	$1,410	$1,390	−1.4%	$1,251–$1,529
4BR	$1,530	$1,480	−3.3%	$1,332–$1,628

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21543
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$860	$890	$1,010	$1,390	$1,480
FY 2026	$750	$870	$1,030	$1,410	$1,530
FY 2025	$700	$780	$970	$1,280	$1,460
FY 2024	$660	$780	$970	$1,250	$1,530
FY 2023	$610	$720	$910	$1,160	$1,470

Two-bedroom rent in nearby Allegany County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 21543
21528	$1,020	+1.0%
21529	$1,020	+1.0%
21530	$1,280	+26.7%
21532	$1,100	+8.9%
21539	$1,010	0.0%
21540	$1,010	0.0%
21542	$1,010	0.0%
21543Current	$1,010	—
21545	$1,010	0.0%
21555	$1,090	+7.9%
21557	$1,010	0.0%
21560	$1,020	+1.0%

Questions about ZIP 21543 rents

How much will Section 8 pay for a two-bedroom in ZIP 21543?

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 $1,010 it would be $909 to $1,111. 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 21543 in?

ZIP 21543 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 21543 for FY 2027?

The two-bedroom FMR fell 1.9%, from $1,030 in FY 2026 to $1,010 in FY 2027. Since FY 2023 it has risen 11.0%.

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 rent Midlothian, MD fair market rent MD statewide rents What is SAFMR?Data sources