FMR is below market; voucher rent may lag private rents.
0.72
1 BR
1 BR
0.85ratio
FMR$1,490
Market$1,760
vs market-$270
FMR is below market; voucher rent may lag private rents.
0.85
2 BR
2 BR
0.94ratio
FMR$1,780
Market$1,900
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR
0.96ratio
FMR$2,120
Market$2,200
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR
0.97ratio
FMR$2,340
Market$2,420
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.97
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 21922 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21922 (Elkton, MD) is $1,780 a month. That is up 1.1% from $1,760 in 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, 21922 has the 7th-highest two-bedroom rent (county range $1,230–$2,200). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21922 is 5% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 21922
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,360
$1,380
+1.5%
$1,242–$1,518
1BR
$1,480
$1,490
+0.7%
$1,341–$1,639
2BR
$1,760
$1,780
+1.1%
$1,602–$1,958
3BR
$2,110
$2,120
+0.5%
$1,908–$2,332
4BR
$2,360
$2,340
−0.8%
$2,106–$2,574
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 21922
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,380
$1,490
$1,780
$2,120
$2,340
FY 2026
$1,360
$1,480
$1,760
$2,110
$2,360
FY 2025
$1,340
$1,480
$1,760
$2,120
$2,410
FY 2024area FMR
$1,303
$1,451
$1,737
$2,100
$2,422
FY 2023area FMR
$1,081
$1,218
$1,470
$1,789
$2,079
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
How much will Section 8 pay for a two-bedroom in ZIP 21922?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,780, that basic range is $1,602 to $1,958 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 21922 in?
ZIP 21922 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 21922 for FY 2027?
The two-bedroom FMR rose 1.1%, from $1,760 in FY 2026 to $1,780 in FY 2027. Since FY 2025 it has risen 1.1%.
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