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Wicomico County/Mardela Springs/21837

21837

ZIPSAFMR
Wicomico County, MD
Zillow

ZIP Investment Score

102Above average

095130300
BRFMR
Eff. Rent
0 BR$1,010$1,010
1 BR$1,020$1,020
2 BR$1,320$1,320
3 BR$1,730$1,730
4 BR$1,730$1,730
5 BR$1,989Not available
6 BR$2,288Not available
7 BR$2,631Not available
8 BR$3,026Not available

Purchase Price Calculator

Maximum purchase price
$134,235

Cost breakdown

+Likely effective rent$1,320
HUD FMRUsed$1,320
Market rentN/A
Est. payment standardN/A
-Principal and interest-$679
Loan amount$107,388
Down payment$26,847
Rate6.50%
Term30 years
-Operating costs-$441
Property taxes-$134
Insurance-$175
Utilities$0
HOA$0
Management-$132
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,369(79.6% ROI)
Projected value
$144,556
Return breakdown
Property appreciation+$10,321
Loan principal paid down+$3,847
Rental cash flow+$7,200
5-year hold
+$36,501(136.0% ROI)
Projected value
$151,875
Return breakdown
Property appreciation+$17,640
Loan principal paid down+$6,861
Rental cash flow+$12,000
10-year hold
+$77,946(290.3% ROI)
Projected value
$171,832
Return breakdown
Property appreciation+$37,597
Loan principal paid down+$16,349
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
--
Tax rate
--
Mortgage rate
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ZIP 21837 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21837 (Mardela Springs, MD) is $1,320 a month. That is down 6.4% from $1,410 in FY 2026. Mardela Springs is in the Salisbury, 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 $1,428. Among 18 ZIP codes in Wicomico County, 21837 has the 14th-highest two-bedroom rent (county range $1,250–$1,670). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21837 is 30% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21837
BedroomsFY 2027Change90–110% range
Studio$1,010−5.6%$909–$1,111
1BR$1,020−5.6%$918–$1,122
2BR$1,320−6.4%$1,188–$1,452
3BR$1,730−7.0%$1,557–$1,903
4BR$1,730−7.5%$1,557–$1,903

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21837
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,010$1,020$1,320$1,730$1,730
FY 2026$1,070$1,080$1,410$1,860$1,870
FY 2025$1,180$1,190$1,560$2,060$2,070
FY 2024$1,070$1,080$1,420$1,880$1,890
FY 2023$970$980$1,290$1,710$1,860

Two-bedroom rent in nearby Wicomico County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 21837
21810$1,430+8.3%
21814$1,460+10.6%
21822$1,310−0.8%
21826$1,670+26.5%
21830$1,600+21.2%
21837Current$1,320—
21840$1,430+8.3%
21849$1,280−3.0%
21850$1,400+6.1%
21856$1,520+15.2%
21861$1,280−3.0%
21865$1,430+8.3%

Questions about ZIP 21837 rents

How much will Section 8 pay for a two-bedroom in ZIP 21837?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,428, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,285 to $1,571 a month; under the ZIP-level Small Area FMR of $1,320 it would be $1,188 to $1,452. 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 21837 in?

ZIP 21837 is in the Salisbury, MD HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,428.

How much did fair market rent change in ZIP 21837 for FY 2027?

The two-bedroom FMR fell 6.4%, from $1,410 in FY 2026 to $1,320 in FY 2027. Since FY 2023 it has risen 2.3%.

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