FY2027 Small Area FMR · Butler, MD

ZIP 21023 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 21023 (Butler, MD) is $1,990 a month, up 7.0% from FY2026. That is 1% below the Baltimore-Columbia-Towson, MD area-wide FMR of $2,006.

2-bedroom SAFMR$1,990per month ▲ 7.0%

Area-wide 2 BR FMR$2,006Baltimore-Columbia-Towson, M

Rank in the area105thof 191 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,791

2 BR Small Area FMR$1,990

110% of SAFMR$2,189

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,510▲ 10.2%

1 BR$1,610▲ 6.6%

2 BR$1,990▲ 7.0%

3 BR$2,490▲ 5.5%

4 BR$2,770▲ 6.1%

FY2027 FY2026

Where 21023 sits in the Baltimore-Columbia-Towson, MD area

Of the 191 ZIP codes HUD lists for the area, 21023 has the 105th highest two-bedroom Small Area FMR. Baltimore-Columbia-Towson, MD is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $2,006 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,990 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,510	$1,359 – $1,661	$1,523	$1,370
1 bedroom	$1,610	$1,449 – $1,771	$1,625	$1,510
2 bedrooms	$1,990	$1,791 – $2,189	$2,006	$1,860
3 bedrooms	$2,490	$2,241 – $2,739	$2,509	$2,360
4 bedrooms	$2,770	$2,493 – $3,047	$2,789	$2,610

A household renting a two-bedroom home at the Small Area FMR of $1,990 needs about $79,600 a year to keep housing costs at 30% of income. The area median family income is $134,000 and the 80% low-income limit for four people is $106,800. ZIP code 21023 lies mainly in Baltimore County. See the Baltimore-Columbia-Towson, MD metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
21152	Sparks Glencoe	3.4 mi	$1,980
21136	Reisterstown	4.4 mi	$1,910
21155	Upperco	4.4 mi	$1,810
21030	Cockeysville	4.6 mi	$2,140
21071	Glyndon	5.1 mi	$1,910
21031	Hunt Valley	5.5 mi	$2,140

Questions

What is the Fair Market Rent for ZIP code 21023?

HUD's FY2027 Small Area Fair Market Rents for 21023 are $1,510 (studio), $1,610 (1 BR), $1,990 (2 BR), $2,490 (3 BR) and $2,770 (4 BR) a month.

What is the Section 8 payment standard in 21023?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 21023 that range is $1,791 to $2,189 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 21023?

The FY2026 income limits of the Baltimore-Columbia-Towson, MD area apply: median family income $134,000, low-income (80%) limit $106,800 for a family of four.