2023 BAH Rates have been released for Fort Meade, MD and they range from $2,499 to $3,700 for rates with dependents. Without dependents, the enlisted BAH rates range from $2,040 to $3,129.
We'd like to give you some examples of what your BAH will afford you for a rental home in the area. Check out this blog for information on homes for sale near Fort Meade and how they compare to BAH rates. We've used properties within 30 minutes of the base as examples here.
Starting with the lowest housing allowance, and at the time of this post, there are 22 available homes for rent near Fort Meade in the $2,300 - $2,500 price range including one condo, many townhomes, a couple of single family homes.
Jumping up to the median enlisted BAH rates, there are currently 26 homes for rent near Fort Meade in the $2,600 - $2,800 price range including a few single family homes and many townhomes.
And at the top of the enlisted BAH rates you'll find 21 homes for rent near Fort Meade in the $2,900 - $3,200 range. Again, mostly townhomes, but a larger mix of single family homes worked into this search.
So, do the BAH rates align with the real estate rental market in Maryland? Not really. If you're coming from an area where a 3 bedroom 2 bath single family home is the norm, you'll find that hard to match here at Fort Meade within a reasonable commuting distance. However, as the property value increases of homes for sale near Fort Meade are cooling, we might expect the rental rates to come down a bit as well. That can't really happen until we have a stronger supply.
So how can you maximize your housing allowance and find the perfect home?
We recommend starting at least 90 days in advance of your move date to start exploring areas, and deciding on the first and most important step of your house-hunt by determining what cities and counties will keep you within commuting distance of Fort Meade. Going just a bit further than 30 minutes from the base can have a big impact on your budget as most military members want to keep close to base when possible.
Connect with a local real estate agent. Of course, The Roskelly Team would love to be your first choice! You can use our website to search all homes for rent near Fort Meade and start tracking properties that are of interest to you, marking favorites, and keeping an eye on pricing and the amount of time it is taking for properties to rent. This will give you a good feel of how quickly you'll need to move to secure "the one". Having an experience pro keeping an eye out for you as well is always a good idea. And best of all? Our rental locator services are provided at no charge to you. Every Landlord in our system has offered compensation to the agent securing a well qualified tenant to occupy their property.
We hope this information is useful to you and we'd love to have you "like" us on Facebook to keep in touch with the latest Fort Meade real estate news.
