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Charles County/Waldorf/20601

20601

ZIPSAFMR
Charles County, MD
Zillow

ZIP Investment Score

117Above average

095130300
BRFMR
Eff. Rent
0 BR$2,240$1,410
1 BR$2,340$1,360
2 BR$2,590$2,190
3 BR$3,300$2,640
4 BR$3,890$2,890
5 BR$4,474Not available
6 BR$5,145Not available
7 BR$5,916Not available
8 BR$6,804Not available

Purchase Price Calculator

Maximum purchase price
$263,517

Cost breakdown

+Likely effective rent$2,190
HUD FMR$2,590
Market rentUsed$2,190
Est. payment standard (90%)$2,330
-Principal and interest-$1,332
Loan amount$210,813
Down payment$52,703
Rate6.50%
Term30 years
-Operating costs-$658
Property taxes-$264
Insurance-$175
Utilities$0
HOA$0
Management-$219
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,015(66.4% ROI)
Projected value
$283,779
Return breakdown
Property appreciation+$20,262
Loan principal paid down+$7,553
Rental cash flow+$7,200
5-year hold
+$60,097(114.0% ROI)
Projected value
$298,145
Return breakdown
Property appreciation+$34,628
Loan principal paid down+$13,469
Rental cash flow+$12,000
10-year hold
+$129,901(246.5% ROI)
Projected value
$337,324
Return breakdown
Property appreciation+$73,807
Loan principal paid down+$32,094
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.59
1 BR
1.72
2 BR
1.18
3 BR
1.25
4 BR
1.35
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 20601 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20601 (Waldorf, MD) is $2,590 a month. That is up 11.2% from $2,330 in FY 2026. Waldorf 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. Among 26 ZIP codes in Charles County, 20601 has the 9th-highest two-bedroom rent (county range $1,720–$3,310). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 20601 is 38% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 20601
BedroomsFY 2027Change90–110% range
Studio$2,240+10.3%$2,016–$2,464
1BR$2,340+12.0%$2,106–$2,574
2BR$2,590+11.2%$2,331–$2,849
3BR$3,300+12.2%$2,970–$3,630
4BR$3,890+12.4%$3,501–$4,279

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 20601
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,240$2,340$2,590$3,300$3,890
FY 2026$2,030$2,090$2,330$2,940$3,460
FY 2025$2,040$2,090$2,350$2,940$3,470
FY 2024$1,800$1,830$2,080$2,590$3,070
FY 2023$1,650$1,680$1,910$2,390$2,850

Two-bedroom rent in nearby Charles County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 20601
20601Current$2,590—
20602$2,260−12.7%
20603$2,510−3.1%
20604$2,380−8.1%
20607$2,660+2.7%
20611$2,380−8.1%
20612$2,740+5.8%
20613$2,910+12.4%
20616$2,770+6.9%
20617$2,860+10.4%
20622$1,820−29.7%
20625$2,350−9.3%

Questions about ZIP 20601 rents

How much will Section 8 pay for a two-bedroom in ZIP 20601?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,590, that basic range is $2,331 to $2,849 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 ZIP 20601 in?

ZIP 20601 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 ZIP 20601 for FY 2027?

The two-bedroom FMR rose 11.2%, from $2,330 in FY 2026 to $2,590 in FY 2027. Since FY 2023 it has risen 35.6%.

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 rentWaldorf, MD fair market rentMD statewide rentsWhat is SAFMR?Data sources