FMR is near market; voucher and private rents are aligned.
1.02
3 BR
3 BR
1.02ratio
FMR$2,650
Market$2,590
vs market+$60
FMR is near market; voucher and private rents are aligned.
1.02
4 BR
4 BR
1.08ratio
FMR$3,120
Market$2,880
vs market+$240
FMR is near market; voucher and private rents are aligned.
1.08
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
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ZIP 21705 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21705 (Frederick, MD) is $2,080 a month. That is up 11.8% from $1,860 in FY 2026. Frederick is in the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 36 ZIP codes in Frederick County, 21705 is tied for the 11th-highest two-bedroom rent (county range $1,260–$3,140). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21705 is 11% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 21705
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,620
$1,800
+11.1%
$1,620–$1,980
1BR
$1,670
$1,880
+12.6%
$1,692–$2,068
2BR
$1,860
$2,080
+11.8%
$1,872–$2,288
3BR
$2,350
$2,650
+12.8%
$2,385–$2,915
4BR
$2,760
$3,120
+13.0%
$2,808–$3,432
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 21705
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,800
$1,880
$2,080
$2,650
$3,120
FY 2026
$1,620
$1,670
$1,860
$2,350
$2,760
FY 2025
$1,580
$1,620
$1,820
$2,280
$2,680
FY 2024
$1,400
$1,430
$1,620
$2,020
$2,390
FY 2023
$1,320
$1,340
$1,530
$1,910
$2,280
Two-bedroom rent in nearby Frederick County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 21705?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,080, that basic range is $1,872 to $2,288 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 21705 in?
ZIP 21705 is in the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in ZIP 21705 for FY 2027?
The two-bedroom FMR rose 11.8%, from $1,860 in FY 2026 to $2,080 in FY 2027. Since FY 2023 it has risen 35.9%.
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