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MD/Somerset County/Marion Station

Marion Station, MD

CitySAFMR
Somerset County
Found 1 ZIP

City Median Investment Score

103Above average

095130300
BRFMR
Eff. Rent
0 BR$1,210$1,210
1 BR$1,210$1,210
2 BR$1,560$1,560
3 BR$2,120$2,120
4 BR$2,230$2,230
5 BR$2,565Not available
6 BR$2,949Not available
7 BR$3,392Not available
8 BR$3,900Not available

Purchase Price Calculator

Maximum purchase price
$169,899

Cost breakdown

+Likely effective rent$1,560
HUD FMRUsed$1,560
Market rentN/A
Est. payment standardN/A
-Principal and interest-$859
Loan amount$135,919
Down payment$33,980
Rate6.50%
Term30 years
-Operating costs-$501
Property taxes-$170
Insurance-$175
Utilities$0
HOA$0
Management-$156
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,133(74.0% ROI)
Projected value
$182,962
Return breakdown
Property appreciation+$13,064
Loan principal paid down+$4,870
Rental cash flow+$7,200
5-year hold
+$43,010(126.6% ROI)
Projected value
$192,225
Return breakdown
Property appreciation+$22,326
Loan principal paid down+$8,684
Rental cash flow+$12,000
10-year hold
+$92,278(271.6% ROI)
Projected value
$217,485
Return breakdown
Property appreciation+$47,586
Loan principal paid down+$20,692
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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Marion Station, MD fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Marion Station, MD is $1,560 a month. That is down 9.8% from $1,730 in FY 2026. Marion Station is in the Somerset County, MD HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,144. The median county two-bedroom FMR in Maryland is $1,875, so Marion Station is 17% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Marion Station, MD
BedroomsFY 2027Change90–110% range
Studio$1,210−9.7%$1,089–$1,331
1BR$1,210−9.7%$1,089–$1,331
2BR$1,560−9.8%$1,404–$1,716
3BR$2,120−9.8%$1,908–$2,332
4BR$2,230−9.7%$2,007–$2,453

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Marion Station, MD
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,210$1,210$1,560$2,120$2,230
FY 2026$1,340$1,340$1,730$2,350$2,470
FY 2025$880$900$1,150$1,510$1,600
FY 2024$800$810$1,040$1,390$1,420
FY 2023$680$680$880$1,180$1,230

Questions about Marion Station, MD rents

How much will Section 8 pay for a two-bedroom in Marion Station, MD?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,144, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,030 to $1,258 a month; under the ZIP-level Small Area FMR of $1,560 it would be $1,404 to $1,716. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Marion Station, MD in?

Marion Station, MD is in the Somerset County, MD HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,144.

How much did fair market rent change in Marion Station, MD for FY 2027?

The two-bedroom FMR fell 9.8%, from $1,730 in FY 2026 to $1,560 in FY 2027. Since FY 2023 it has risen 77.3%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set