FY2027 Small Area FMR · Oxford, MD

ZIP 21654 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 21654 (Oxford, MD) is $1,440 a month, up 1.4% from FY2026. That is 1% above the Talbot County, MD area-wide FMR of $1,421.

2-bedroom SAFMR$1,440per month ▲ 1.4%

Area-wide 2 BR FMR$1,421Talbot County, MD

Rank in the area7thof 16 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,296

2 BR Small Area FMR$1,440

110% of SAFMR$1,584

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

Studio$1,090▼ 9.9%

1 BR$1,280▼ 0.8%

2 BR$1,440▲ 1.4%

3 BR$1,990▲ 0.5%

4 BR$2,400▲ 0.4%

FY2027 FY2026

Where 21654 sits in the Talbot County, MD area

Of the 16 ZIP codes HUD lists for the area, 21654 has the 7th highest two-bedroom Small Area FMR. Talbot 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 $1,421 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,440 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	$1,090	$981 – $1,199	$1,081	$1,210
1 bedroom	$1,280	$1,152 – $1,408	$1,260	$1,290
2 bedrooms	$1,440	$1,296 – $1,584	$1,421	$1,420
3 bedrooms	$1,990	$1,791 – $2,189	$1,968	$1,980
4 bedrooms	$2,400	$2,160 – $2,640	$2,375	$2,390

A household renting a two-bedroom home at the Small Area FMR of $1,440 needs about $57,600 a year to keep housing costs at 30% of income. The area median family income is $117,500 and the 80% low-income limit for four people is $94,000. ZIP code 21654 lies mainly in Talbot County. See the Talbot County, MD county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
21662	Royal Oak	4.7 mi	$1,990
21653	Newcomb	5.1 mi	$1,450
21673	Trappe	5.5 mi	$1,450
21601	Easton	7.7 mi	$1,410
21652	Neavitt	8.1 mi	$1,420
21663	Saint Michaels	8.8 mi	$1,270

Questions

What is the Fair Market Rent for ZIP code 21654?

HUD's FY2027 Small Area Fair Market Rents for 21654 are $1,090 (studio), $1,280 (1 BR), $1,440 (2 BR), $1,990 (3 BR) and $2,400 (4 BR) a month.

What is the Section 8 payment standard in 21654?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 21654 that range is $1,296 to $1,584 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 21654?

The FY2026 income limits of the Talbot County, MD area apply: median family income $117,500, low-income (80%) limit $94,000 for a family of four.