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21836

ZIPFMR
Somerset County, MD
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$905$905
1 BR$910$910
2 BR$1,144$1,144
3 BR$1,498$1,498
4 BR$1,504$1,504
5 BR$1,730Not available
6 BR$1,989Not available
7 BR$2,287Not available
8 BR$2,631Not available

Purchase Price Calculator

Maximum purchase price
$108,081

Cost breakdown

+Likely effective rent$1,144
HUD FMRUsed$1,144
Market rentN/A
Est. payment standardN/A
-Principal and interest-$547
Loan amount$86,465
Down payment$21,616
Rate6.50%
Term30 years
-Operating costs-$397
Property taxes-$108
Insurance-$175
Utilities$0
HOA$0
Management-$114
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,608(86.1% ROI)
Projected value
$116,392
Return breakdown
Property appreciation+$8,310
Loan principal paid down+$3,098
Rental cash flow+$7,200
5-year hold
+$31,727(146.8% ROI)
Projected value
$122,284
Return breakdown
Property appreciation+$14,203
Loan principal paid down+$5,524
Rental cash flow+$12,000
10-year hold
+$67,435(312.0% ROI)
Projected value
$138,353
Return breakdown
Property appreciation+$30,272
Loan principal paid down+$13,163
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 21836 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 21836 (Manokin, MD) is $1,144 a month. That is down 2.0% from $1,167 in FY 2026. Manokin is in the Somerset County, MD HUD Metro FMR Area. The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21836 is 39% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21836
BedroomsFY 2027Change90–110% range
Studio$905+0.4%$815–$996
1BR$910+0.3%$819–$1,001
2BR$1,144−2.0%$1,030–$1,258
3BR$1,498−5.5%$1,348–$1,648
4BR$1,504−9.8%$1,354–$1,654

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21836
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$905$910$1,144$1,498$1,504
FY 2026$901$907$1,167$1,586$1,667
FY 2025$946$952$1,249$1,613$1,686
FY 2024$832$837$1,100$1,458$1,465
FY 2023$697$701$923$1,235$1,240

Questions about ZIP 21836 rents

How much will Section 8 pay for a two-bedroom in ZIP 21836?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,144, that basic range is $1,030 to $1,258 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 21836 in?

ZIP 21836 is in the Somerset County, MD HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.

How much did fair market rent change in ZIP 21836 for FY 2027?

The two-bedroom FMR fell 2.0%, from $1,167 in FY 2026 to $1,144 in FY 2027. Since FY 2023 it has risen 23.9%.

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 Fair Market Rents. 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