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Carroll County/Taneytown/21787

21787

ZIPSAFMR
Carroll County, MD
Zillow

ZIP Investment Score

77Below average

095130300
BRFMR
Eff. Rent
0 BR$960$1,060
1 BR$1,020$1,120
2 BR$1,260$1,390
3 BR$1,580$1,740
4 BR$1,750$1,930
5 BR$2,012Not available
6 BR$2,314Not available
7 BR$2,662Not available
8 BR$3,061Not available

Purchase Price Calculator

Maximum purchase price
$144,637

Cost breakdown

+Likely effective rent$1,390
HUD FMR$1,260
Market rent$1,850
Est. payment standard (110%)Used$1,390
-Principal and interest-$731
Loan amount$115,710
Down payment$28,927
Rate6.50%
Term30 years
-Operating costs-$459
Property taxes-$145
Insurance-$175
Utilities$0
HOA$0
Management-$139
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,467(77.7% ROI)
Projected value
$155,758
Return breakdown
Property appreciation+$11,121
Loan principal paid down+$4,146
Rental cash flow+$7,200
5-year hold
+$38,399(132.7% ROI)
Projected value
$163,643
Return breakdown
Property appreciation+$19,006
Loan principal paid down+$7,393
Rental cash flow+$12,000
10-year hold
+$82,126(283.9% ROI)
Projected value
$185,148
Return breakdown
Property appreciation+$40,511
Loan principal paid down+$17,615
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.52
1 BR
0.55
2 BR
0.68
3 BR
0.76
4 BR
0.77
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 21787 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21787 (Taneytown, MD) is $1,260 a month. That is up 7.7% from $1,170 in FY 2026. Taneytown is in the Baltimore-Columbia-Towson, MD MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 15 ZIP codes in Carroll County, 21787 has the 15th-highest two-bedroom rent (county range $1,260–$2,580). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21787 is 33% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21787
BedroomsFY 2027Change90–110% range
Studio$960+14.3%$864–$1,056
1BR$1,020+7.4%$918–$1,122
2BR$1,260+7.7%$1,134–$1,386
3BR$1,580+5.3%$1,422–$1,738
4BR$1,750+2.9%$1,575–$1,925

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21787
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$960$1,020$1,260$1,580$1,750
FY 2026$840$950$1,170$1,500$1,700
FY 2025$930$1,050$1,290$1,660$1,880
FY 2024$1,010$1,150$1,420$1,840$2,080
FY 2023$860$1,000$1,230$1,590$1,830

Two-bedroom rent in nearby Carroll County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 21787
21104$2,130+69.0%
21136$1,910+51.6%
21155$1,810+43.7%
21157$1,680+33.3%
21158$2,130+69.0%
21757$1,650+31.0%
21771$2,580+104.8%
21776$1,560+23.8%
21784$2,100+66.7%
21787Current$1,260—
21791$1,640+30.2%
21797$1,940+54.0%

Questions about ZIP 21787 rents

How much will Section 8 pay for a two-bedroom in ZIP 21787?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,260, that basic range is $1,134 to $1,386 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 21787 in?

ZIP 21787 is in the Baltimore-Columbia-Towson, MD MSA. 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 21787 for FY 2027?

The two-bedroom FMR rose 7.7%, from $1,170 in FY 2026 to $1,260 in FY 2027. Since FY 2023 it has risen 2.4%.

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