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Cecil County/Elkton/21921

21921

ZIPSAFMR
Cecil County, MD
Zillow

ZIP Investment Score

108Above average

095130300
BRFMR
Eff. Rent
0 BR$1,410$1,490
1 BR$1,520$1,520
2 BR$1,820$1,740
3 BR$2,170$2,030
4 BR$2,390$2,390
5 BR$2,749Not available
6 BR$3,161Not available
7 BR$3,635Not available
8 BR$4,180Not available

Purchase Price Calculator

Maximum purchase price
$196,647

Cost breakdown

+Likely effective rent$1,740
HUD FMR$1,820
Market rentUsed$1,740
Est. payment standard (97%)$1,770
-Principal and interest-$994
Loan amount$157,317
Down payment$39,329
Rate6.50%
Term30 years
-Operating costs-$546
Property taxes-$197
Insurance-$175
Utilities$0
HOA$0
Management-$174
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,957(71.1% ROI)
Projected value
$211,767
Return breakdown
Property appreciation+$15,120
Loan principal paid down+$5,636
Rental cash flow+$7,200
5-year hold
+$47,892(121.8% ROI)
Projected value
$222,488
Return breakdown
Property appreciation+$25,841
Loan principal paid down+$10,051
Rental cash flow+$12,000
10-year hold
+$103,028(262.0% ROI)
Projected value
$251,725
Return breakdown
Property appreciation+$55,078
Loan principal paid down+$23,950
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.92
1 BR
1.00
2 BR
1.05
3 BR
1.07
4 BR
1.00
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 21921 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21921 (Elkton, MD) is $1,820 a month. That is unchanged from FY 2026. Elkton is in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 16 ZIP codes in Cecil County, 21921 is tied for the 5th-highest two-bedroom rent (county range $1,230–$2,200). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21921 is 3% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21921
BedroomsFY 2027Change90–110% range
Studio$1,410+0.7%$1,269–$1,551
1BR$1,520−0.7%$1,368–$1,672
2BR$1,8200.0%$1,638–$2,002
3BR$2,170−0.5%$1,953–$2,387
4BR$2,390−2.0%$2,151–$2,629

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21921
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,410$1,520$1,820$2,170$2,390
FY 2026$1,400$1,530$1,820$2,180$2,440
FY 2025$1,390$1,540$1,830$2,200$2,510
FY 2024$1,310$1,460$1,750$2,120$2,440
FY 2023$1,100$1,230$1,490$1,810$2,110

Two-bedroom rent in nearby Cecil County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 21921
21911$1,600−12.1%
21912$1,580−13.2%
21913$1,340−26.4%
21914$1,840+1.1%
21915$1,230−32.4%
21917$1,530−15.9%
21918$1,400−23.1%
21919$2,200+20.9%
21920$1,8200.0%
21921Current$1,820—
21922$1,780−2.2%
21930$2,200+20.9%

Questions about ZIP 21921 rents

How much will Section 8 pay for a two-bedroom in ZIP 21921?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,820, that basic range is $1,638 to $2,002 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 21921 in?

ZIP 21921 is in the Philadelphia-Camden-Wilmington, PA-NJ-DE-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 21921 for FY 2027?

The two-bedroom FMR was unchanged at $1,820 in FY 2027. Since FY 2023 it has risen 22.1%.

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