FY2027 Small Area FMR · Annapolis, MD

ZIP 21402 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 21402 (Annapolis, MD) is $3,010 a month, up 7.9% from FY2026. That is 50% above the Baltimore-Columbia-Towson, MD area-wide FMR of $2,006.

2-bedroom SAFMR$3,010per month ▲ 7.9%

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

Rank in the area1stof 191 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,709

2 BR Small Area FMR$3,010

110% of SAFMR$3,311

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

Studio$2,290▲ 11.7%

1 BR$2,440▲ 7.5%

2 BR$3,010▲ 7.9%

3 BR$3,760▲ 6.2%

4 BR$4,180▲ 6.6%

FY2027 FY2026

Where 21402 sits in the Baltimore-Columbia-Towson, MD area

Of the 191 ZIP codes HUD lists for the area, 21402 has the 1st 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 $3,010 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	$2,290	$2,061 – $2,519	$1,523	$2,050
1 bedroom	$2,440	$2,196 – $2,684	$1,625	$2,270
2 bedrooms	$3,010	$2,709 – $3,311	$2,006	$2,790
3 bedrooms	$3,760	$3,384 – $4,136	$2,509	$3,540
4 bedrooms	$4,180	$3,762 – $4,598	$2,789	$3,920

A household renting a two-bedroom home at the Small Area FMR of $3,010 needs about $120,400 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 21402 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	2.7 mi	$2,730
21403	Annapolis	3.2 mi	$2,390
21401	Annapolis	4.3 mi	$2,690
21012	Arnold	4.3 mi	$2,680
21405	Annapolis	5.3 mi	$2,770
21037	Edgewater	6.0 mi	$2,750

Questions

What is the Fair Market Rent for ZIP code 21402?

HUD's FY2027 Small Area Fair Market Rents for 21402 are $2,290 (studio), $2,440 (1 BR), $3,010 (2 BR), $3,760 (3 BR) and $4,180 (4 BR) a month.

What is the Section 8 payment standard in 21402?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 21402 that range is $2,709 to $3,311 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 21402?

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.