FY2027 Small Area FMR · Gibson Island, MD

ZIP 21056 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 21056 (Gibson Island, MD) is $2,560 a month, up 8.9% from FY2026. That is 28% above the Baltimore-Columbia-Towson, MD area-wide FMR of $2,006.

2-bedroom SAFMR$2,560per month ▲ 8.9%

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

Rank in the area32ndof 191 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,304

2 BR Small Area FMR$2,560

110% of SAFMR$2,816

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

Studio$1,940▲ 12.8%

1 BR$2,070▲ 8.4%

2 BR$2,560▲ 8.9%

3 BR$3,200▲ 7.4%

4 BR$3,560▲ 7.9%

FY2027 FY2026

Where 21056 sits in the Baltimore-Columbia-Towson, MD area

Of the 191 ZIP codes HUD lists for the area, 21056 has the 32nd 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 $2,560 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	$1,940	$1,746 – $2,134	$1,523	$1,720
1 bedroom	$2,070	$1,863 – $2,277	$1,625	$1,910
2 bedrooms	$2,560	$2,304 – $2,816	$2,006	$2,350
3 bedrooms	$3,200	$2,880 – $3,520	$2,509	$2,980
4 bedrooms	$3,560	$3,204 – $3,916	$2,789	$3,300

A household renting a two-bedroom home at the Small Area FMR of $2,560 needs about $102,400 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 21056 lies mainly in Anne Arundel 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
21409	Annapolis	3.8 mi	$2,730
21012	Arnold	4.0 mi	$2,680
21122	Pasadena	4.9 mi	$2,560
21402	Annapolis	6.4 mi	$3,010
21146	Severna Park	7.0 mi	$2,290
21405	Annapolis	7.6 mi	$2,770

Questions

What is the Fair Market Rent for ZIP code 21056?

HUD's FY2027 Small Area Fair Market Rents for 21056 are $1,940 (studio), $2,070 (1 BR), $2,560 (2 BR), $3,200 (3 BR) and $3,560 (4 BR) a month.

What is the Section 8 payment standard in 21056?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 21056 that range is $2,304 to $2,816 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 21056?

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.