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Frederick County/Emmitsburg/21727

21727

ZIPSAFMR
Frederick County, MD
Zillow

ZIP Investment Score

84Below average

095130300
BRFMR
Eff. Rent
0 BR$1,130$1,240
1 BR$1,180$1,290
2 BR$1,310$1,380
3 BR$1,670$1,710
4 BR$1,970$1,790
5 BR$2,266Not available
6 BR$2,605Not available
7 BR$2,996Not available
8 BR$3,446Not available

Purchase Price Calculator

Maximum purchase price
$143,151

Cost breakdown

+Likely effective rent$1,380
HUD FMR$1,310
Market rent$1,420
Est. payment standard (105%)Used$1,380
-Principal and interest-$724
Loan amount$114,521
Down payment$28,630
Rate6.50%
Term30 years
-Operating costs-$456
Property taxes-$143
Insurance-$175
Utilities$0
HOA$0
Management-$138
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,310(77.9% ROI)
Projected value
$154,158
Return breakdown
Property appreciation+$11,007
Loan principal paid down+$4,103
Rental cash flow+$7,200
5-year hold
+$38,128(133.2% ROI)
Projected value
$161,962
Return breakdown
Property appreciation+$18,811
Loan principal paid down+$7,317
Rental cash flow+$12,000
10-year hold
+$81,529(284.8% ROI)
Projected value
$183,245
Return breakdown
Property appreciation+$40,094
Loan principal paid down+$17,434
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.86
1 BR
0.87
2 BR
0.92
3 BR
0.97
4 BR
1.10
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 21727 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21727 (Emmitsburg, MD) is $1,310 a month. That is up 10.1% from $1,190 in FY 2026. Emmitsburg 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, 21727 is tied for the 32nd-highest two-bedroom rent (county range $1,260–$3,140). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21727 is 30% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21727
BedroomsFY 2027Change90–110% range
Studio$1,130+9.7%$1,017–$1,243
1BR$1,180+10.3%$1,062–$1,298
2BR$1,310+10.1%$1,179–$1,441
3BR$1,670+11.3%$1,503–$1,837
4BR$1,970+11.3%$1,773–$2,167

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21727
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,130$1,180$1,310$1,670$1,970
FY 2026$1,030$1,070$1,190$1,500$1,770
FY 2025$1,060$1,080$1,220$1,530$1,800
FY 2024$920$930$1,060$1,320$1,560
FY 2023$830$840$960$1,250$1,540

Two-bedroom rent in nearby Frederick County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 21727
21702$2,010+53.4%
21703$2,340+78.6%
21704$3,140+139.7%
21705$2,080+58.8%
21710$2,110+61.1%
21713$1,350+3.1%
21714$1,990+51.9%
21716$1,390+6.1%
21717$2,560+95.4%
21718$1,3100.0%
21719$1,360+3.8%
21727Current$1,310—

Questions about ZIP 21727 rents

How much will Section 8 pay for a two-bedroom in ZIP 21727?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,310, that basic range is $1,179 to $1,441 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 21727 in?

ZIP 21727 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 21727 for FY 2027?

The two-bedroom FMR rose 10.1%, from $1,190 in FY 2026 to $1,310 in FY 2027. Since FY 2023 it has risen 36.5%.

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