FY2027 Small Area FMR · Finksburg, MD

ZIP 21048 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 21048 (Finksburg, MD) is $1,690 a month, down 4.5% from FY2026. That is 16% below the Baltimore-Columbia-Towson, MD area-wide FMR of $2,006.

2-bedroom SAFMR$1,690per month ▼ 4.5%

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

Rank in the area159thof 191 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,521

2 BR Small Area FMR$1,690

110% of SAFMR$1,859

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

Studio$1,280▲ 0.8%

1 BR$1,370▼ 5.5%

2 BR$1,690▼ 4.5%

3 BR$2,130▼ 6.6%

4 BR$2,350▼ 7.8%

FY2027 FY2026

Where 21048 sits in the Baltimore-Columbia-Towson, MD area

Of the 191 ZIP codes HUD lists for the area, 21048 has the 159th 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 $1,690 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	$1,280	$1,152 – $1,408	$1,523	$1,270
1 bedroom	$1,370	$1,233 – $1,507	$1,625	$1,450
2 bedrooms	$1,690	$1,521 – $1,859	$2,006	$1,770
3 bedrooms	$2,130	$1,917 – $2,343	$2,509	$2,280
4 bedrooms	$2,350	$2,115 – $2,585	$2,789	$2,550

A household renting a two-bedroom home at the Small Area FMR of $1,690 needs about $67,600 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 21048 lies mainly in Carroll 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
21157	Westminster	5.5 mi	$1,680
21071	Glyndon	5.6 mi	$1,910
21136	Reisterstown	6.4 mi	$1,910
21784	Sykesville	6.8 mi	$2,100
21155	Upperco	8.3 mi	$1,810
21117	Owings Mills	8.5 mi	$2,350

Questions

What is the Fair Market Rent for ZIP code 21048?

HUD's FY2027 Small Area Fair Market Rents for 21048 are $1,280 (studio), $1,370 (1 BR), $1,690 (2 BR), $2,130 (3 BR) and $2,350 (4 BR) a month.

What is the Section 8 payment standard in 21048?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 21048 that range is $1,521 to $1,859 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 21048?

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.