HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Talbot County, Maryland (FY 2027)
$1,421 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Talbot County, and it's the baseline every voucher in Talbot is measured against.
Two-bedroom FMR
$1,421
+0.9% from FY 2026
Payment standard
$1,279–$1,563
90% to 110% of the FMR, two-bedroom
Income to afford
$56,840
a year, with rent at 30% of income
Rank in Maryland
16th of 24
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $1,081 | $973–$1,189 | $43,240 | $20.79/hr | -10.0% |
| 1 bedroom | $1,260 | $1,134–$1,386 | $50,400 | $24.23/hr | -1.7% |
| 2 bedroom | $1,421 | $1,279–$1,563 | $56,840 | $27.33/hr | +0.9% |
| 3 bedroom | $1,968 | $1,771–$2,165 | $78,720 | $37.85/hr | +0.4% |
| 4 bedroom | $2,375 | $2,138–$2,613 | $95,000 | $45.67/hr | +0.5% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $2,731 | $2,458–$3,004 |
| 6 bedroom Estimate | $3,088 | $2,779–$3,397 |
| 7 bedroom Estimate | $3,444 | $3,100–$3,788 |
| 8 bedroom Estimate | $3,800 | $3,420–$4,180 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Talbot actually rent for?
Search any address in Talbot for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Talbot somewhere between $1,279 and $1,563. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,421 a month is affordable, by HUD's 30% rule, on an income of roughly $56,840 a year. Put another way, $27 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,279 | Voucher pays at 100%$1,421 | Voucher pays at 110%$1,563 |
|---|---|---|---|---|
| $2,500 | $750 | $529 | $671 | $813 |
| $4,000 | $1,200 | $79 | $221 | $363 |
Rate history
The two-bedroom rate went up 1% from FY 2026 ($1,409) to FY 2027 ($1,421). Since FY 2020 it's up 22% in total, about 2.9% a year. The Maryland median moved up 2% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $862 | $883 | $1,163 | $1,534 | $1,975 | — |
| FY 2021 | $808 | $851 | $1,076 | $1,467 | $1,863 | -7.5% |
| FY 2022 | $929 | $957 | $1,141 | $1,577 | $1,953 | +6.0% |
| FY 2023 | $1,013 | $1,063 | $1,201 | $1,707 | $2,046 | +5.3% |
| FY 2024 | $1,196 | $1,229 | $1,380 | $1,945 | $2,342 | +14.9% |
| FY 2025 | $1,210 | $1,257 | $1,392 | $1,951 | $2,338 | +0.9% |
| FY 2026 | $1,201 | $1,282 | $1,409 | $1,960 | $2,364 | +1.2% |
| FY 2027In effect | $1,081 | $1,260 | $1,421 | $1,968 | $2,375 | +0.9% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Talbot, that runs from $1,081 for a studio up to $2,375 for four bedrooms, all five rates in the table above.
Because Talbot sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Easton included.
Among Maryland's 24 counties, Talbot ranks 16th for two-bedroom FMR. That's about 24% below the state median of $1,875 and about 34% above the national median county at $1,063. About 37,917 people live here, 19th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,270 in 21663 (Saint Michaels) and $1,990 in 21662 (Royal Oak), with the 15 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 21601 | Easton | $1,410 | -0.8% |
| 21612 | Bozman | $1,420 | -0.1% |
| 21624 | Claiborne | $1,420 | -0.1% |
| 21625 | Cordova | $1,730 | +21.7% |
| 21647 | Mcdaniel | $1,420 | -0.1% |
| 21652 | Neavitt | $1,420 | -0.1% |
| 21653 | Newcomb | $1,450 | +2.0% |
| 21654 | Oxford | $1,440 | +1.3% |
| 21662 | Royal Oak | $1,990 | +40.0% |
| 21663 | Saint Michaels | $1,270 | -10.6% |
| 21665 | Sherwood | $1,420 | -0.1% |
| 21671 | Tilghman | $1,420 | -0.1% |
| 21673 | Trappe | $1,450 | +2.0% |
| 21676 | Wittman | $1,420 | -0.1% |
| 21679 | Wye Mills | $1,840 | +29.5% |
Nearby counties
Two-bedroom FMR, with how each compares to Talbot.
Queen Anne's County
21 mi · 51,825 people
$2,006
+41%
Caroline County
22 mi · 33,669 people
$1,320
-7%
Dorchester County
23 mi · 32,754 people
$1,159
-18%
Calvert County
24 mi · 94,313 people
$1,890
+33%
Anne Arundel County
26 mi · 598,166 people
$2,006
+41%
Kent County
37 mi · 19,346 people
$1,241
-13%
Prince George's County
38 mi · 959,754 people
$2,438
+72%
St. Mary's County
41 mi · 115,126 people
$1,787
+26%
Questions people ask
$1,421 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,081 for a studio, $1,260 for one bedroom, $1,968 for three and $2,375 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Talbot actually go for?
HUD's number is one input. Search any address in Talbot for a rent estimate built from nearby comps. Free to start, no card.
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