21790

ZIPSAFMR

Frederick County, MD

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,850	$2,040	7.7%
1 BR	$1,940	$2,130	8.7%
2 BR	$2,140	$2,350	7.8%
3 BR	$2,730	$2,820	8.6%
4 BR	$3,220	$3,050	8.5%
5 BR	$3,703	Not available	8.5%
6 BR	$4,258	Not available	8.5%
7 BR	$4,897	Not available	8.5%
8 BR	$5,632	Not available	8.5%

Purchase Price Calculator

Maximum purchase price

$287,293

Cost breakdown

+Likely effective rent$2,350

HUD FMR$2,140

Market rent$2,710

Est. payment standard (110%)Used$2,350

-Principal and interest-$1,453

Loan amount$229,834

Down payment$57,459

Rate6.50%

Term30 years

-Operating costs-$697

Property taxes-$287

Insurance-$175

Utilities$0

HOA$0

Management-$235

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$37,525(65.3% ROI)

Projected value

$309,383

Return breakdown

Property appreciation+$22,090

Loan principal paid down+$8,234

Rental cash flow+$7,200

5-year hold

+$64,437(112.1% ROI)

Projected value

$325,045

Return breakdown

Property appreciation+$37,753

Loan principal paid down+$14,684

Rental cash flow+$12,000

10-year hold

+$139,456(242.7% ROI)

Projected value

$367,759

Return breakdown

Property appreciation+$80,466

Loan principal paid down+$34,990

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.78ratio

FMR$1,850

Market$2,370

vs market-$520

FMR is below market; voucher rent may lag private rents.

0.78

1 BR

0.78ratio

FMR$1,940

Market$2,490

vs market-$550

FMR is below market; voucher rent may lag private rents.

0.78

2 BR

0.79ratio

FMR$2,140

Market$2,710

vs market-$570

FMR is below market; voucher rent may lag private rents.

0.79

3 BR

0.95ratio

FMR$2,730

Market$2,870

vs market-$140

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

0.95

4 BR

1.06ratio

FMR$3,220

Market$3,050

vs market+$170

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

1.06

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 21790 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21790 (Tuscarora, MD) is $2,140 a month. That is up 9.7% from $1,950 in FY 2026. Tuscarora 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, 21790 has the 9th-highest two-bedroom rent (county range $1,260–$3,140). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21790 is 14% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21790
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,690	$1,850	+9.5%	$1,665–$2,035
1BR	$1,750	$1,940	+10.9%	$1,746–$2,134
2BR	$1,950	$2,140	+9.7%	$1,926–$2,354
3BR	$2,460	$2,730	+11.0%	$2,457–$3,003
4BR	$2,890	$3,220	+11.4%	$2,898–$3,542

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21790
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,850	$1,940	$2,140	$2,730	$3,220
FY 2026	$1,690	$1,750	$1,950	$2,460	$2,890
FY 2025	$1,730	$1,770	$1,990	$2,490	$2,940
FY 2024	$1,480	$1,510	$1,710	$2,130	$2,520
FY 2023	$1,320	$1,340	$1,530	$1,910	$2,280

Two-bedroom rent in nearby Frederick County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 21790
21774	$2,960	+38.3%
21776	$1,560	−27.1%
21777	$1,820	−15.0%
21778	$1,420	−33.6%
21780	$1,520	−29.0%
21783	$1,260	−41.1%
21787	$1,260	−41.1%
21788	$1,280	−40.2%
21790Current	$2,140	—
21791	$1,640	−23.4%
21793	$1,970	−7.9%
21798	$1,590	−25.7%

Questions about ZIP 21790 rents

How much will Section 8 pay for a two-bedroom in ZIP 21790?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,140, that basic range is $1,926 to $2,354 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 21790 in?

ZIP 21790 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 21790 for FY 2027?

The two-bedroom FMR rose 9.7%, from $1,950 in FY 2026 to $2,140 in FY 2027. Since FY 2023 it has risen 39.9%.

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

County fair market rent Tuscarora, MD fair market rent MD statewide rents What is SAFMR?Data sources