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Kent County/Chestertown/21690

21690

ZIPFMR
Kent County, MD
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$956$1,050
1 BR$1,140$1,250
2 BR$1,241$1,370
3 BR$1,603$1,760
4 BR$2,050$2,260
5 BR$2,358Not available
6 BR$2,711Not available
7 BR$3,118Not available
8 BR$3,585Not available

Purchase Price Calculator

Maximum purchase price
$141,665

Cost breakdown

+Likely effective rent$1,370
HUD FMR$1,241
Market rent$2,110
Est. payment standard (110%)Used$1,370
-Principal and interest-$716
Loan amount$113,332
Down payment$28,333
Rate6.50%
Term30 years
-Operating costs-$454
Property taxes-$142
Insurance-$175
Utilities$0
HOA$0
Management-$137
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,153(78.2% ROI)
Projected value
$152,558
Return breakdown
Property appreciation+$10,893
Loan principal paid down+$4,060
Rental cash flow+$7,200
5-year hold
+$37,857(133.6% ROI)
Projected value
$160,281
Return breakdown
Property appreciation+$18,616
Loan principal paid down+$7,241
Rental cash flow+$12,000
10-year hold
+$80,932(285.6% ROI)
Projected value
$181,343
Return breakdown
Property appreciation+$39,678
Loan principal paid down+$17,254
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.50
1 BR
0.62
2 BR
0.59
3 BR
0.69
4 BR
0.83
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 21690 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 21690 (Chestertown, MD) is $1,241 a month. That is down 0.4% from $1,246 in FY 2026. Chestertown is in the Kent County, MD non-metropolitan FMR area. One county-wide FMR applies to every ZIP code in it. The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21690 is 34% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21690
BedroomsFY 2027Change90–110% range
Studio$956−10.0%$860–$1,052
1BR$1,140+0.3%$1,026–$1,254
2BR$1,241−0.4%$1,117–$1,365
3BR$1,603−2.0%$1,443–$1,763
4BR$2,050−1.9%$1,845–$2,255

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21690
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$956$1,140$1,241$1,603$2,050
FY 2026$1,062$1,137$1,246$1,635$2,090
FY 2025$1,106$1,119$1,272$1,649$2,136
FY 2024$1,100$1,111$1,269$1,699$2,153
FY 2023$875$881$1,091$1,503$1,829

Questions about ZIP 21690 rents

How much will Section 8 pay for a two-bedroom in ZIP 21690?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,241, that basic range is $1,117 to $1,365 a month. 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 21690 in?

ZIP 21690 is in the Kent County, MD non-metropolitan FMR area.

How much did fair market rent change in ZIP 21690 for FY 2027?

The two-bedroom FMR fell 0.4%, from $1,246 in FY 2026 to $1,241 in FY 2027. Since FY 2023 it has risen 13.7%.

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 Fair Market Rents. 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 rentChestertown, MD fair market rentMD statewide rentsWhat is SAFMR?Data sources