Caroline County, MD

2024 Fair Market Rents

Tags: 2024 Maryland

Return to the state page to see where Maryland ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Caroline County are Denton, Federalsburg, Preston, and Greensboro. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Caroline County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Caroline County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Caroline County compare?

Caroline County ($1,232) has a 24% lower FMR for 2-Bedroom housing than the average of Maryland ($1,622) and therefore has a lower gross rent.

Caroline County is rank 17th out of 24 counties. This means the FMRs, or in other words, the gross rent is lower than 16 other counties. Caroline County is the 8th cheapest county in terms of FMRs.

Rent Tables Caroline County, MD

Fair Market Rent (40th Percentile)

$931
studio
$938
1-Bedroom
$1,232
2-Bedroom
$1,669
3-Bedroom
$2,058
4-Bedroom

Median Rent (50th Percentile)

$993
studio
$999
1-Bedroom
$1,313
2-Bedroom
$1,778
3-Bedroom
$2,193
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
21640 $0 $1,190 $1,460 $1,890 $2,140
21649 $0 $1,570 $1,930 $2,500 $2,830
21657 $0 $2,040 $2,510 $3,250 $3,680
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
21640 $936 $1,071 $1,314 $1,701 $1,926
21649 $1,233 $1,413 $1,737 $2,250 $2,547
21657 $1,602 $1,836 $2,259 $2,925 $3,312
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
21640 $1,144 $1,309 $1,606 $2,079 $2,354
21649 $1,507 $1,727 $2,123 $2,750 $3,113
21657 $1,958 $2,244 $2,761 $3,575 $4,048

Fair Market Rents on this page apply to the following cities in Caroline County, Maryland: Denton, Federalsburg, Preston, Greensboro, Ridgely, Henderson, Marydel, Queen Anne, Goldsboro, Bethlehem, and Hillsboro.

These Fair Market Rents also apply to the following ZIP codes in Caroline County, Maryland: 21629, 21632, 21655, 21639, 21660, 21640, 21649, 21657, 21636, 21609, and 21641.

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.