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MD/Montgomery County/Washington Grove

Washington Grove, MD

CitySAFMR
Montgomery County
Found 1 ZIP

City Median Investment Score

79Below average

095130300
BRFMR
Eff. Rent
0 BR$2,180$1,590
1 BR$2,280$1,860
2 BR$2,520$2,440
3 BR$3,210$2,730
4 BR$3,780$3,280
5 BR$4,347Not available
6 BR$4,999Not available
7 BR$5,749Not available
8 BR$6,611Not available

Purchase Price Calculator

Maximum purchase price
$300,667

Cost breakdown

+Likely effective rent$2,440
HUD FMR$2,520
Market rentUsed$2,440
Est. payment standard (98%)$2,470
-Principal and interest-$1,520
Loan amount$240,533
Down payment$60,133
Rate6.50%
Term30 years
-Operating costs-$720
Property taxes-$301
Insurance-$175
Utilities$0
HOA$0
Management-$244
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$38,936(64.7% ROI)
Projected value
$323,785
Return breakdown
Property appreciation+$23,118
Loan principal paid down+$8,618
Rental cash flow+$7,200
5-year hold
+$66,878(111.2% ROI)
Projected value
$340,177
Return breakdown
Property appreciation+$39,510
Loan principal paid down+$15,368
Rental cash flow+$12,000
10-year hold
+$144,831(240.8% ROI)
Projected value
$384,879
Return breakdown
Property appreciation+$84,212
Loan principal paid down+$36,618
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.37
1 BR
1.23
2 BR
1.03
3 BR
1.18
4 BR
1.15
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Washington Grove, MD fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Washington Grove, MD is $2,520 a month. That is up 8.2% from $2,330 in FY 2026. Washington Grove 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 Washington Grove is 34% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Washington Grove, MD
BedroomsFY 2027Change90–110% range
Studio$2,180+7.9%$1,962–$2,398
1BR$2,280+9.1%$2,052–$2,508
2BR$2,520+8.2%$2,268–$2,772
3BR$3,210+9.2%$2,889–$3,531
4BR$3,780+9.6%$3,402–$4,158

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Washington Grove, MD
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,180$2,280$2,520$3,210$3,780
FY 2026$2,020$2,090$2,330$2,940$3,450
FY 2025$2,040$2,080$2,340$2,930$3,450
FY 2024$1,810$1,840$2,080$2,590$3,070
FY 2023$1,630$1,660$1,890$2,360$2,820

Questions about Washington Grove, MD rents

How much will Section 8 pay for a two-bedroom in Washington Grove, MD?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,520, that basic range is $2,268 to $2,772 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 Washington Grove, MD in?

Washington Grove, 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 Washington Grove, MD for FY 2027?

The two-bedroom FMR rose 8.2%, from $2,330 in FY 2026 to $2,520 in FY 2027. Since FY 2023 it has risen 33.3%.

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