FY2027 Small Area FMR · Fallston, MD

ZIP 21047 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 21047 (Fallston, MD) is $2,950 a month, up 5.7% from FY2026. That is 47% above the Baltimore-Columbia-Towson, MD area-wide FMR of $2,006.

2-bedroom SAFMR$2,950per month ▲ 5.7%

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

Rank in the area6thof 191 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,655

2 BR Small Area FMR$2,950

110% of SAFMR$3,245

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

Studio$2,240▲ 9.3%

1 BR$2,390▲ 5.3%

2 BR$2,950▲ 5.7%

3 BR$3,690▲ 4.2%

4 BR$4,100▲ 4.6%

FY2027 FY2026

Where 21047 sits in the Baltimore-Columbia-Towson, MD area

Of the 191 ZIP codes HUD lists for the area, 21047 has the 6th 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 $2,950 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	$2,240	$2,016 – $2,464	$1,523	$2,050
1 bedroom	$2,390	$2,151 – $2,629	$1,625	$2,270
2 bedrooms	$2,950	$2,655 – $3,245	$2,006	$2,790
3 bedrooms	$3,690	$3,321 – $4,059	$2,509	$3,540
4 bedrooms	$4,100	$3,690 – $4,510	$2,789	$3,920

A household renting a two-bedroom home at the Small Area FMR of $2,950 needs about $118,000 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 21047 lies mainly in Harford 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
21013	Baldwin	2.9 mi	$1,680
21051	Fork	3.5 mi	$1,680
21082	Hydes	3.5 mi	$1,950
21014	Bel Air	4.7 mi	$1,950
21050	Forest Hill	5.1 mi	$2,090
21087	Kingsville	5.2 mi	$2,140

Questions

What is the Fair Market Rent for ZIP code 21047?

HUD's FY2027 Small Area Fair Market Rents for 21047 are $2,240 (studio), $2,390 (1 BR), $2,950 (2 BR), $3,690 (3 BR) and $4,100 (4 BR) a month.

What is the Section 8 payment standard in 21047?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 21047 that range is $2,655 to $3,245 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 21047?

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.