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MD/Montgomery County/Silver Spring

Silver Spring, MD

CitySAFMR
Montgomery County
Found 14 ZIPs
Zillow

City Median Investment Score

135High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,890 – $2,420$1,340 – $1,820
1 BR$1,970 – $2,530$1,590 – $1,880
2 BR$2,180 – $2,800$2,040 – $2,650
3 BR$2,780 – $3,570$2,560 – $3,320
4 BR$3,270 – $4,200$3,190 – $3,720
5 BR$4,267Not available
6 BR$4,906Not available
7 BR$5,642Not available
8 BR$6,489Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
10
1.15-1.54
1 BR
7
1.05-1.36
2 BR
6
0.85-1.17
3 BR
6
0.94-1.23
4 BR
6
0.95-1.16
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Silver Spring, MD fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 14 ZIP codes in Silver Spring, MD ranges from $2,180 to $2,800 a month, with a median of $2,470. That is up 8.3% from $2,280 in FY 2026. Silver Spring is in the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Maryland is $1,875, so Silver Spring is 32% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Silver Spring, MD
BedroomsFY 2027Change90–110% range
Studio$2,140+8.1%$1,926–$2,354
1BR$2,230+8.8%$2,007–$2,453
2BR$2,470+8.3%$2,223–$2,717
3BR$3,150+9.4%$2,835–$3,465
4BR$3,710+9.8%$3,339–$4,081

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Silver Spring, MD
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,140$2,230$2,470$3,150$3,710
FY 2026$1,980$2,050$2,280$2,880$3,380
FY 2025$2,050$2,100$2,360$2,950$3,480
FY 2024$1,820$1,850$2,100$2,610$3,100
FY 2023$1,640$1,670$1,900$2,380$2,830

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
20910$2,800+13.4%
20902$2,590+4.9%
20907$2,4700.0%
20911$2,4700.0%
20914$2,4700.0%
20915$2,4700.0%
20916$2,4700.0%
20918$2,4700.0%
20993$2,4700.0%
20905$2,410−2.4%
20906$2,390−3.2%
20903$2,340−5.3%
20904$2,310−6.5%
20901$2,180−11.7%

Questions about Silver Spring, MD rents

How much will Section 8 pay for a two-bedroom in Silver Spring, MD?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,470, that basic range is $2,223 to $2,717 a month. 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 Silver Spring, MD in?

Silver Spring, MD is in the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in Silver Spring, MD for FY 2027?

The two-bedroom FMR rose 8.3%, from $2,280 in FY 2026 to $2,470 in FY 2027. Since FY 2023 it has risen 30.0%.

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

County fair market rentMD statewide rentsWhat is SAFMR?Data sources