FY2027 Small Area FMR · Hunt Valley, MD

ZIP 21031 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 21031 (Hunt Valley, MD) is $2,140 a month, up 9.2% from FY2026. That is 7% above the Baltimore-Columbia-Towson, MD area-wide FMR of $2,006.

2-bedroom SAFMR$2,140per month ▲ 9.2%

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

Rank in the area82ndof 191 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,926

2 BR Small Area FMR$2,140

110% of SAFMR$2,354

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

Studio$1,630▲ 13.2%

1 BR$1,730▲ 8.8%

2 BR$2,140▲ 9.2%

3 BR$2,680▲ 7.6%

4 BR$2,980▲ 8.0%

FY2027 FY2026

Where 21031 sits in the Baltimore-Columbia-Towson, MD area

Of the 191 ZIP codes HUD lists for the area, 21031 has the 82nd 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 $2,140 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	$1,630	$1,467 – $1,793	$1,523	$1,440
1 bedroom	$1,730	$1,557 – $1,903	$1,625	$1,590
2 bedrooms	$2,140	$1,926 – $2,354	$2,006	$1,960
3 bedrooms	$2,680	$2,412 – $2,948	$2,509	$2,490
4 bedrooms	$2,980	$2,682 – $3,278	$2,789	$2,760

A household renting a two-bedroom home at the Small Area FMR of $2,140 needs about $85,600 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 21031 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
21030	Cockeysville	0.9 mi	$2,140
21093	Lutherville Timonium	3.4 mi	$1,940
21131	Phoenix	3.9 mi	$2,400
21152	Sparks Glencoe	3.9 mi	$1,980
21153	Stevenson	5.3 mi	$2,240
21023	Butler	5.5 mi	$1,990

Questions

What is the Fair Market Rent for ZIP code 21031?

HUD's FY2027 Small Area Fair Market Rents for 21031 are $1,630 (studio), $1,730 (1 BR), $2,140 (2 BR), $2,680 (3 BR) and $2,980 (4 BR) a month.

What is the Section 8 payment standard in 21031?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 21031 that range is $1,926 to $2,354 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 21031?

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.