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Talbot County/Oxford/21654

21654

ZIPSAFMR
Talbot County, MD
Zillow

ZIP Investment Score

51Below average

095130300
BRFMR
Eff. Rent
0 BR$1,090$1,200
1 BR$1,280$1,410
2 BR$1,440$1,580
3 BR$1,990$2,190
4 BR$2,400$2,640
5 BR$2,760Not available
6 BR$3,174Not available
7 BR$3,650Not available
8 BR$4,198Not available

Purchase Price Calculator

Maximum purchase price
$172,871

Cost breakdown

+Likely effective rent$1,580
HUD FMR$1,440
Market rent$2,030
Est. payment standard (110%)Used$1,580
-Principal and interest-$874
Loan amount$138,297
Down payment$34,574
Rate6.50%
Term30 years
-Operating costs-$506
Property taxes-$173
Insurance-$175
Utilities$0
HOA$0
Management-$158
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,447(73.6% ROI)
Projected value
$186,163
Return breakdown
Property appreciation+$13,292
Loan principal paid down+$4,955
Rental cash flow+$7,200
5-year hold
+$43,552(126.0% ROI)
Projected value
$195,588
Return breakdown
Property appreciation+$22,717
Loan principal paid down+$8,836
Rental cash flow+$12,000
10-year hold
+$93,473(270.4% ROI)
Projected value
$221,289
Return breakdown
Property appreciation+$48,418
Loan principal paid down+$21,054
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.67
1 BR
0.78
2 BR
0.71
3 BR
0.84
4 BR
0.79
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 21654 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21654 (Oxford, MD) is $1,440 a month. That is up 1.4% from $1,420 in FY 2026. Oxford is in the Talbot 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 $1,421. Among 16 ZIP codes in Talbot County, 21654 has the 7th-highest two-bedroom rent (county range $1,270–$1,990). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21654 is 23% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21654
BedroomsFY 2027Change90–110% range
Studio$1,090−9.9%$981–$1,199
1BR$1,280−0.8%$1,152–$1,408
2BR$1,440+1.4%$1,296–$1,584
3BR$1,990+0.5%$1,791–$2,189
4BR$2,400+0.4%$2,160–$2,640

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21654
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,090$1,280$1,440$1,990$2,400
FY 2026$1,210$1,290$1,420$1,980$2,390
FY 2025$1,210$1,250$1,390$1,950$2,340
FY 2024area FMR$1,196$1,229$1,380$1,945$2,342
FY 2023area FMR$1,013$1,063$1,201$1,707$2,046

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Talbot County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 21654
21647$1,420−1.4%
21652$1,420−1.4%
21653$1,450+0.7%
21654Current$1,440—
21657$1,840+27.8%
21662$1,990+38.2%
21663$1,270−11.8%
21665$1,420−1.4%
21671$1,420−1.4%
21673$1,450+0.7%
21676$1,420−1.4%
21679$1,840+27.8%

Questions about ZIP 21654 rents

How much will Section 8 pay for a two-bedroom in ZIP 21654?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,421, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,279 to $1,563 a month; under the ZIP-level Small Area FMR of $1,440 it would be $1,296 to $1,584. 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 21654 in?

ZIP 21654 is in the Talbot County, MD non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,421.

How much did fair market rent change in ZIP 21654 for FY 2027?

The two-bedroom FMR rose 1.4%, from $1,420 in FY 2026 to $1,440 in FY 2027. Since FY 2025 it has risen 3.6%.

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