FY2027 Small Area FMR · Owings Mills, MD

ZIP 21117 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 21117 (Owings Mills, MD) is $2,350 a month, up 7.3% from FY2026. That is 17% above the Baltimore-Columbia-Towson, MD area-wide FMR of $2,006.

2-bedroom SAFMR$2,350per month ▲ 7.3%

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

Rank in the area65thof 191 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,115

2 BR Small Area FMR$2,350

110% of SAFMR$2,585

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

Studio$1,780▲ 10.6%

1 BR$1,900▲ 6.7%

2 BR$2,350▲ 7.3%

3 BR$2,940▲ 5.8%

4 BR$3,270▲ 6.2%

FY2027 FY2026

Where 21117 sits in the Baltimore-Columbia-Towson, MD area

Of the 191 ZIP codes HUD lists for the area, 21117 has the 65th 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 $2,350 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	$1,780	$1,602 – $1,958	$1,523	$1,610
1 bedroom	$1,900	$1,710 – $2,090	$1,625	$1,780
2 bedrooms	$2,350	$2,115 – $2,585	$2,006	$2,190
3 bedrooms	$2,940	$2,646 – $3,234	$2,509	$2,780
4 bedrooms	$3,270	$2,943 – $3,597	$2,789	$3,080

A household renting a two-bedroom home at the Small Area FMR of $2,350 needs about $94,000 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 21117 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
21136	Reisterstown	4.0 mi	$1,910
21153	Stevenson	4.1 mi	$2,240
21208	Pikesville	4.1 mi	$2,340
21133	Randallstown	4.1 mi	$1,960
21071	Glyndon	4.2 mi	$1,910
21244	Windsor Mill	6.4 mi	$2,020

Questions

What is the Fair Market Rent for ZIP code 21117?

HUD's FY2027 Small Area Fair Market Rents for 21117 are $1,780 (studio), $1,900 (1 BR), $2,350 (2 BR), $2,940 (3 BR) and $3,270 (4 BR) a month.

What is the Section 8 payment standard in 21117?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 21117 that range is $2,115 to $2,585 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 21117?

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.