FMR is near market; voucher and private rents are aligned.
1.10
4 BR
4 BR
1.09ratio
FMR$3,570
Market$3,290
vs market+$280
FMR is near market; voucher and private rents are aligned.
1.09
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 20604 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20604 (Waldorf, MD) is $2,380 a month. That is up 8.7% from $2,190 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, 20604 is tied for the 12th-highest two-bedroom rent (county range $1,720–$3,310). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 20604 is 27% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 20604
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,900
$2,060
+8.4%
$1,854–$2,266
1BR
$1,960
$2,150
+9.7%
$1,935–$2,365
2BR
$2,190
$2,380
+8.7%
$2,142–$2,618
3BR
$2,760
$3,030
+9.8%
$2,727–$3,333
4BR
$3,250
$3,570
+9.8%
$3,213–$3,927
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 20604
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,060
$2,150
$2,380
$3,030
$3,570
FY 2026
$1,900
$1,960
$2,190
$2,760
$3,250
FY 2025
$1,970
$2,010
$2,260
$2,830
$3,330
FY 2024
$1,740
$1,770
$2,010
$2,500
$2,960
FY 2023
$1,570
$1,600
$1,820
$2,280
$2,720
Two-bedroom rent in nearby Charles County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 20604?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,380, that basic range is $2,142 to $2,618 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 20604 in?
ZIP 20604 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 20604 for FY 2027?
The two-bedroom FMR rose 8.7%, from $2,190 in FY 2026 to $2,380 in FY 2027. Since FY 2023 it has risen 30.8%.
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