21920
ZIPSAFMR
Cecil County, MD
BRFMR
Eff. Rent
0 BR$1,400$1,440
1 BR$1,530$1,450
2 BR$1,820$1,710
3 BR$2,180$2,180
4 BR$2,440$2,580
5 BR$2,806
6 BR$3,227
7 BR$3,711
8 BR$4,268

Purchase Price Calculator

Maximum purchase price
$192,189

Cost breakdown

+Likely effective rent$1,710
HUD FMR$1,820
Market rentUsed$1,710
Est. payment standard (96%)$1,750
Market rent is below the inferred standard ($1,750, 96% of FMR).
-Principal and interest-$972
Loan amount$153,751
Down payment$38,438
Rate6.50%
Term30 years
-Operating costs-$538
Property taxes-$192
Insurance-$175
Utilities$0
HOA$0
Management-$171
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,486(71.5% ROI)
Projected value
$206,966
Current value$192,189
Return breakdown
Property appreciation+$14,778
Loan principal paid down+$5,509
Rental cash flow+$7,200
5-year hold
+$47,078(122.5% ROI)
Projected value
$217,444
Current value$192,189
Return breakdown
Property appreciation+$25,255
Loan principal paid down+$9,823
Rental cash flow+$12,000
10-year hold
+$101,236(263.4% ROI)
Projected value
$246,018
Current value$192,189
Return breakdown
Property appreciation+$53,829
Loan principal paid down+$23,407
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
0.96ratio
FMR$1,400
Market$1,460
vs market-$60

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

90% standard$1,260 / 0.86 ratio110% standard$1,540 / 1.05 ratio
0.96
1 BR
1 BR
1.06ratio
FMR$1,530
Market$1,450
vs market+$80

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

90% standard$1,377 / 0.95 ratio110% standard$1,683 / 1.16 ratio
1.06
2 BR
2 BR
1.06ratio
FMR$1,820
Market$1,710
vs market+$110

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

90% standard$1,638 / 0.96 ratio110% standard$2,002 / 1.17 ratio
1.06
3 BR
3 BR
1.00ratio
FMR$2,180
Market$2,180
vs market+$0

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

90% standard$1,962 / 0.90 ratio110% standard$2,398 / 1.10 ratio
1.00
4 BR
4 BR
0.92ratio
FMR$2,440
Market$2,660
vs market-$220

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

90% standard$2,196 / 0.83 ratio110% standard$2,684 / 1.01 ratio
0.92
0.700.800.901.001.101.201.30aligned range

Voucher rents are well-aligned with market rents across all bedroom sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 21920 (MD) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

21920 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 21920 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,820 and the 4 bedroom fair market rent is $2,440.

Use this page for searches like 21920 FMR, 21920 fair market rent, and 21920 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 21920
Bedroom sizeHUD FMR
Studio$1,400
1 bedroom$1,530
2 bedroom$1,820
3 bedroom$2,180
4 bedroom$2,440