FY2027 Small Area FMR · Annapolis, MD

ZIP 21405 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 21405 (Annapolis, MD) is $2,770 a month, up 9.9% from FY2026. That is 38% above the Baltimore-Columbia-Towson, MD area-wide FMR of $2,006.

2-bedroom SAFMR$2,770per month ▲ 9.9%

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

Rank in the area13thof 191 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,493

2 BR Small Area FMR$2,770

110% of SAFMR$3,047

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

Studio$2,100▲ 13.5%

1 BR$2,240▲ 9.3%

2 BR$2,770▲ 9.9%

3 BR$3,460▲ 8.1%

4 BR$3,840▲ 8.5%

FY2027 FY2026

Where 21405 sits in the Baltimore-Columbia-Towson, MD area

Of the 191 ZIP codes HUD lists for the area, 21405 has the 13th 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 $2,770 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	$2,100	$1,890 – $2,310	$1,523	$1,850
1 bedroom	$2,240	$2,016 – $2,464	$1,625	$2,050
2 bedrooms	$2,770	$2,493 – $3,047	$2,006	$2,520
3 bedrooms	$3,460	$3,114 – $3,806	$2,509	$3,200
4 bedrooms	$3,840	$3,456 – $4,224	$2,789	$3,540

A household renting a two-bedroom home at the Small Area FMR of $2,770 needs about $110,800 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 21405 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
21032	Crownsville	2.5 mi	$3,010
21401	Annapolis	2.7 mi	$2,690
21012	Arnold	3.5 mi	$2,680
21146	Severna Park	3.6 mi	$2,290
21402	Annapolis	5.3 mi	$3,010
21108	Millersville	5.5 mi	$2,490

Questions

What is the Fair Market Rent for ZIP code 21405?

HUD's FY2027 Small Area Fair Market Rents for 21405 are $2,100 (studio), $2,240 (1 BR), $2,770 (2 BR), $3,460 (3 BR) and $3,840 (4 BR) a month.

What is the Section 8 payment standard in 21405?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 21405 that range is $2,493 to $3,047 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 21405?

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.