FY2027 Small Area FMR · Baltimore, MD

ZIP 21224 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 21224 (Baltimore, MD) is $2,290 a month, up 6.5% from FY2026. That is 14% above the Baltimore-Columbia-Towson, MD area-wide FMR of $2,006.

2-bedroom SAFMR$2,290per month ▲ 6.5%

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

Rank in the area71stof 191 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,061

2 BR Small Area FMR$2,290

110% of SAFMR$2,519

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

Studio$1,740▲ 10.1%

1 BR$1,850▲ 5.7%

2 BR$2,290▲ 6.5%

3 BR$2,860▲ 4.8%

4 BR$3,180▲ 5.3%

FY2027 FY2026

Where 21224 sits in the Baltimore-Columbia-Towson, MD area

Of the 191 ZIP codes HUD lists for the area, 21224 has the 71st 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 $2,290 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	$1,740	$1,566 – $1,914	$1,523	$1,580
1 bedroom	$1,850	$1,665 – $2,035	$1,625	$1,750
2 bedrooms	$2,290	$2,061 – $2,519	$2,006	$2,150
3 bedrooms	$2,860	$2,574 – $3,146	$2,509	$2,730
4 bedrooms	$3,180	$2,862 – $3,498	$2,789	$3,020

A household renting a two-bedroom home at the Small Area FMR of $2,290 needs about $91,600 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 21224 lies mainly in Baltimore city and 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
21205	Baltimore	2.2 mi	$1,680
21231	Baltimore	2.8 mi	$2,370
21222	Dundalk	2.8 mi	$1,710
21287	Baltimore	3.1 mi	$1,720
21213	Baltimore	3.3 mi	$1,720
21202	Baltimore	3.7 mi	$2,410

Questions

What is the Fair Market Rent for ZIP code 21224?

HUD's FY2027 Small Area Fair Market Rents for 21224 are $1,740 (studio), $1,850 (1 BR), $2,290 (2 BR), $2,860 (3 BR) and $3,180 (4 BR) a month.

What is the Section 8 payment standard in 21224?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 21224 that range is $2,061 to $2,519 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 21224?

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.