FY2027 Small Area FMR · Gwynn Oak, MD

ZIP 21207 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 21207 (Gwynn Oak, MD) is $1,760 a month, down 0.6% from FY2026. That is 12% below the Baltimore-Columbia-Towson, MD area-wide FMR of $2,006.

2-bedroom SAFMR$1,760per month ▼ 0.6%

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

Rank in the area147thof 191 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,584

2 BR Small Area FMR$1,760

110% of SAFMR$1,936

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

Studio$1,340▲ 5.5%

1 BR$1,430▼ 1.4%

2 BR$1,760▼ 0.6%

3 BR$2,200▼ 3.5%

4 BR$2,450▼ 3.9%

FY2027 FY2026

Where 21207 sits in the Baltimore-Columbia-Towson, MD area

Of the 191 ZIP codes HUD lists for the area, 21207 has the 147th 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 $1,760 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	$1,340	$1,206 – $1,474	$1,523	$1,270
1 bedroom	$1,430	$1,287 – $1,573	$1,625	$1,450
2 bedrooms	$1,760	$1,584 – $1,936	$2,006	$1,770
3 bedrooms	$2,200	$1,980 – $2,420	$2,509	$2,280
4 bedrooms	$2,450	$2,205 – $2,695	$2,789	$2,550

A household renting a two-bedroom home at the Small Area FMR of $1,760 needs about $70,400 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 21207 lies mainly in Baltimore County and Baltimore city. 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
21215	Baltimore	2.4 mi	$1,680
21216	Baltimore	2.7 mi	$1,680
21229	Baltimore	3.1 mi	$1,680
21244	Windsor Mill	3.1 mi	$2,020
21228	Catonsville	3.9 mi	$1,920
21209	Baltimore	4.3 mi	$2,280

Questions

What is the Fair Market Rent for ZIP code 21207?

HUD's FY2027 Small Area Fair Market Rents for 21207 are $1,340 (studio), $1,430 (1 BR), $1,760 (2 BR), $2,200 (3 BR) and $2,450 (4 BR) a month.

What is the Section 8 payment standard in 21207?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 21207 that range is $1,584 to $1,936 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 21207?

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.