FMR is below market; voucher rent may lag private rents.
0.73
1 BR
1 BR
0.71ratio
FMR$960
Market$1,350
vs market-$390
FMR is below market; voucher rent may lag private rents.
0.71
2 BR
2 BR
0.78ratio
FMR$1,260
Market$1,620
vs market-$360
FMR is below market; voucher rent may lag private rents.
0.78
3 BR
3 BR
0.88ratio
FMR$1,680
Market$1,900
vs market-$220
FMR is below market; voucher rent may lag private rents.
0.88
4 BR
4 BR
0.74ratio
FMR$1,890
Market$2,560
vs market-$670
FMR is below market; voucher rent may lag private rents.
0.74
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
--
ZIP 21746 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21746 (Hagerstown, MD) is $1,260 a month. That is up 1.6% from $1,240 in FY 2026. Hagerstown is in the Hagerstown, MD HUD Metro 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 metro-wide two-bedroom FMR of $1,284. Among 23 ZIP codes in Washington County, 21746 is tied for the 15th-highest two-bedroom rent (county range $1,140–$2,040). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21746 is 33% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 21746
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$850
$880
+3.5%
$792–$968
1BR
$950
$960
+1.1%
$864–$1,056
2BR
$1,240
$1,260
+1.6%
$1,134–$1,386
3BR
$1,670
$1,680
+0.6%
$1,512–$1,848
4BR
$1,870
$1,890
+1.1%
$1,701–$2,079
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 21746
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$880
$960
$1,260
$1,680
$1,890
FY 2026
$850
$950
$1,240
$1,670
$1,870
FY 2025
$840
$940
$1,240
$1,730
$1,900
FY 2024
$930
$1,040
$1,370
$1,920
$2,110
FY 2023
$710
$820
$1,060
$1,510
$1,680
Two-bedroom rent in nearby Washington County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 21746?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,284, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,156 to $1,412 a month; under the ZIP-level Small Area FMR of $1,260 it would be $1,134 to $1,386. 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 21746 in?
ZIP 21746 is in the Hagerstown, MD HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,284.
How much did fair market rent change in ZIP 21746 for FY 2027?
The two-bedroom FMR rose 1.6%, from $1,240 in FY 2026 to $1,260 in FY 2027. Since FY 2023 it has risen 18.9%.
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