FY2027 Small Area FMR · Chestertown, MD

ZIP 21620 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 21620 (Chestertown, MD) is $1,680 a month, down 5.1% from FY2026. That is 16% below the Baltimore-Columbia-Towson, MD area-wide FMR of $2,006.

2-bedroom SAFMR$1,680per month ▼ 5.1%

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

Rank in the area161stof 191 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,512

2 BR Small Area FMR$1,680

110% of SAFMR$1,848

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

Studio$1,230▼ 3.1%

1 BR$1,360▼ 6.2%

2 BR$1,680▼ 5.1%

3 BR$2,130▼ 6.6%

4 BR$2,350▼ 7.8%

FY2027 FY2026

Where 21620 sits in the Baltimore-Columbia-Towson, MD area

Of the 191 ZIP codes HUD lists for the area, 21620 has the 161st 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 $1,680 for this ZIP code instead.

ZIP code 21620 crosses more than one HUD area. HUD also lists it under Kent County, MD (same figures). The figure that applies depends on which side of the line the home is.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,230	$1,107 – $1,353	$1,523	$1,270
1 bedroom	$1,360	$1,224 – $1,496	$1,625	$1,450
2 bedrooms	$1,680	$1,512 – $1,848	$2,006	$1,770
3 bedrooms	$2,130	$1,917 – $2,343	$2,509	$2,280
4 bedrooms	$2,350	$2,115 – $2,585	$2,789	$2,550

A household renting a two-bedroom home at the Small Area FMR of $1,680 needs about $67,200 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 21620 lies mainly in Kent County and Queen Anne's 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
21678	Worton	7.5 mi	$1,260
21623	Church Hill	8.8 mi	$1,680
21628	Crumpton	9.7 mi	$1,680
21661	Rock Hall	9.7 mi	$1,320
21617	Centreville	10.8 mi	$1,720
21667	Still Pond	10.8 mi	$1,200

Questions

What is the Fair Market Rent for ZIP code 21620?

HUD's FY2027 Small Area Fair Market Rents for 21620 are $1,230 (studio), $1,360 (1 BR), $1,680 (2 BR), $2,130 (3 BR) and $2,350 (4 BR) a month.

What is the Section 8 payment standard in 21620?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 21620 that range is $1,512 to $1,848 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 21620?

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.