FY2027 Small Area FMR · Oldtown, MD

ZIP 21555 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 21555 (Oldtown, MD) is $1,090 a month, down 1.8% from FY2026. That is 7% above the Allegany County, MD area-wide FMR of $1,014.

2-bedroom SAFMR$1,090per month ▼ 1.8%

Area-wide 2 BR FMR$1,014Allegany County, MD

Rank in the area5thof 21 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$981

2 BR Small Area FMR$1,090

110% of SAFMR$1,199

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

Studio$930▲ 17.7%

1 BR$950▲ 1.1%

2 BR$1,090▼ 1.8%

3 BR$1,490▼ 2.0%

4 BR$1,580▼ 4.8%

FY2027 FY2026

Where 21555 sits in the Allegany County, MD area

Of the 21 ZIP codes HUD lists for the area, 21555 has the 5th highest two-bedroom Small Area FMR. Allegany County, 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 $1,014 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,090 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	$930	$837 – $1,023	$862	$790
1 bedroom	$950	$855 – $1,045	$888	$940
2 bedrooms	$1,090	$981 – $1,199	$1,014	$1,110
3 bedrooms	$1,490	$1,341 – $1,639	$1,383	$1,520
4 bedrooms	$1,580	$1,422 – $1,738	$1,468	$1,660

A household renting a two-bedroom home at the Small Area FMR of $1,090 needs about $43,600 a year to keep housing costs at 30% of income. The area median family income is $72,700 and the 80% low-income limit for four people is $76,000. ZIP code 21555 lies mainly in Allegany County. See the Allegany County, MD county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
25431	Levels	6.3 mi	$1,420
26722	Green Spring	6.6 mi	$1,420
21530	Flintstone	7.3 mi	$1,280
21560	Spring Gap	8.2 mi	$1,020
26763	Springfield	10.1 mi	$1,420
25437	Points	10.2 mi	$1,420

Questions

What is the Fair Market Rent for ZIP code 21555?

HUD's FY2027 Small Area Fair Market Rents for 21555 are $930 (studio), $950 (1 BR), $1,090 (2 BR), $1,490 (3 BR) and $1,580 (4 BR) a month.

What is the Section 8 payment standard in 21555?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 21555 that range is $981 to $1,199 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 21555?

The FY2026 income limits of the Allegany County, MD area apply: median family income $72,700, low-income (80%) limit $76,000 for a family of four.