21723
ZIPSAFMR
Howard County, MD
BRFMR
Eff. Rent
0 BR$1,720$1,630
1 BR$1,910$1,710
2 BR$2,350$2,080
3 BR$2,980$2,710
4 BR$3,300$3,230
5 BR$3,795
6 BR$4,364
7 BR$5,019
8 BR$5,772

Purchase Price Calculator

Maximum purchase price
$247,171

Cost breakdown

+Likely effective rent$2,080
HUD FMR$2,350
Market rentUsed$2,080
Est. payment standard (93%)$2,170
Market rent is below the inferred standard ($2,170, 93% of FMR).
-Principal and interest-$1,250
Loan amount$197,737
Down payment$49,434
Rate6.50%
Term30 years
-Operating costs-$630
Property taxes-$247
Insurance-$175
Utilities$0
HOA$0
Management-$208
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,290(67.3% ROI)
Projected value
$266,176
Current value$247,171
Return breakdown
Property appreciation+$19,005
Loan principal paid down+$7,084
Rental cash flow+$7,200
5-year hold
+$57,114(115.5% ROI)
Projected value
$279,651
Current value$247,171
Return breakdown
Property appreciation+$32,480
Loan principal paid down+$12,633
Rental cash flow+$12,000
10-year hold
+$123,332(249.5% ROI)
Projected value
$316,399
Current value$247,171
Return breakdown
Property appreciation+$69,229
Loan principal paid down+$30,103
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.06ratio
FMR$1,720
Market$1,630
vs market+$90

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

90% standard$1,548 / 0.95 ratio110% standard$1,892 / 1.16 ratio
1.06
1 BR
1 BR
1.12ratio
FMR$1,910
Market$1,710
vs market+$200

FMR is above market; underwrite to market rent.

90% standard$1,719 / 1.01 ratio110% standard$2,101 / 1.23 ratio
1.12
2 BR
2 BR
1.13ratio
FMR$2,350
Market$2,080
vs market+$270

FMR is above market; underwrite to market rent.

90% standard$2,115 / 1.02 ratio110% standard$2,585 / 1.24 ratio
1.13
3 BR
3 BR
1.10ratio
FMR$2,980
Market$2,710
vs market+$270

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

90% standard$2,682 / 0.99 ratio110% standard$3,278 / 1.21 ratio
1.10
4 BR
4 BR
1.02ratio
FMR$3,300
Market$3,230
vs market+$70

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

90% standard$2,970 / 0.92 ratio110% standard$3,630 / 1.12 ratio
1.02
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 21723 (MD) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

21723 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 21723 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,350 and the 4 bedroom fair market rent is $3,300.

Use this page for searches like 21723 FMR, 21723 fair market rent, and 21723 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 21723
Bedroom sizeHUD FMR
Studio$1,720
1 bedroom$1,910
2 bedroom$2,350
3 bedroom$2,980
4 bedroom$3,300