FY2027 Small Area FMR · Pikesville, MD

ZIP 21208 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 21208 (Pikesville, MD) is $2,340 a month, up 11.4% from FY2026. That is 17% above the Baltimore-Columbia-Towson, MD area-wide FMR of $2,006.

2-bedroom SAFMR$2,340per month ▲ 11.4%

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

Rank in the area66thof 191 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,106

2 BR Small Area FMR$2,340

110% of SAFMR$2,574

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

Studio$1,780▲ 15.6%

1 BR$1,900▲ 11.1%

2 BR$2,340▲ 11.4%

3 BR$2,930▲ 9.7%

4 BR$3,250▲ 10.2%

FY2027 FY2026

Where 21208 sits in the Baltimore-Columbia-Towson, MD area

Of the 191 ZIP codes HUD lists for the area, 21208 has the 66th 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 $2,340 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	$1,540
1 bedroom	$1,900	$1,710 – $2,090	$1,625	$1,710
2 bedrooms	$2,340	$2,106 – $2,574	$2,006	$2,100
3 bedrooms	$2,930	$2,637 – $3,223	$2,509	$2,670
4 bedrooms	$3,250	$2,925 – $3,575	$2,789	$2,950

A household renting a two-bedroom home at the Small Area FMR of $2,340 needs about $93,600 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 21208 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
21153	Stevenson	2.4 mi	$2,240
21209	Baltimore	2.9 mi	$2,280
21215	Baltimore	3.5 mi	$1,680
21117	Owings Mills	4.1 mi	$2,350
21207	Gwynn Oak	4.3 mi	$1,760
21244	Windsor Mill	4.6 mi	$2,020

Questions

What is the Fair Market Rent for ZIP code 21208?

HUD's FY2027 Small Area Fair Market Rents for 21208 are $1,780 (studio), $1,900 (1 BR), $2,340 (2 BR), $2,930 (3 BR) and $3,250 (4 BR) a month.

What is the Section 8 payment standard in 21208?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 21208 that range is $2,106 to $2,574 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 21208?

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.