FY2027 Small Area FMR · Hagerstown, MD

ZIP 21740 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 21740 (Hagerstown, MD) is $1,260 a month, up 1.6% from FY2026. That is 2% below the Hagerstown, MD area-wide FMR of $1,284.

2-bedroom SAFMR$1,260per month ▲ 1.6%

Area-wide 2 BR FMR$1,284Hagerstown, MD

Rank in the area15thof 23 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,134

2 BR Small Area FMR$1,260

110% of SAFMR$1,386

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

Studio$880▲ 3.5%

1 BR$960▲ 1.1%

2 BR$1,260▲ 1.6%

3 BR$1,680▲ 0.6%

4 BR$1,890▲ 1.1%

FY2027 FY2026

Where 21740 sits in the Hagerstown, MD area

Of the 23 ZIP codes HUD lists for the area, 21740 has the 15th highest two-bedroom Small Area FMR. Hagerstown, 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 $1,284 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,260 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	$880	$792 – $968	$894	$850
1 bedroom	$960	$864 – $1,056	$982	$950
2 bedrooms	$1,260	$1,134 – $1,386	$1,284	$1,240
3 bedrooms	$1,680	$1,512 – $1,848	$1,714	$1,670
4 bedrooms	$1,890	$1,701 – $2,079	$1,923	$1,870

A household renting a two-bedroom home at the Small Area FMR of $1,260 needs about $50,400 a year to keep housing costs at 30% of income. The area median family income is $105,100 and the 80% low-income limit for four people is $82,400. ZIP code 21740 lies mainly in Washington County. See the Hagerstown, MD county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
21734	Funkstown	2.5 mi	$1,140
21781	Saint James	4.3 mi	$1,260
21767	Maugansville	4.5 mi	$1,140
21746	Hagerstown	4.9 mi	$1,260
21795	Williamsport	5.5 mi	$1,320
21733	Fairplay	5.8 mi	$1,320

Questions

What is the Fair Market Rent for ZIP code 21740?

HUD's FY2027 Small Area Fair Market Rents for 21740 are $880 (studio), $960 (1 BR), $1,260 (2 BR), $1,680 (3 BR) and $1,890 (4 BR) a month.

What is the Section 8 payment standard in 21740?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 21740 that range is $1,134 to $1,386 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 21740?

The FY2026 income limits of the Hagerstown, MD area apply: median family income $105,100, low-income (80%) limit $82,400 for a family of four.