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Prince George's County/Aquasco/20608

20608

ZIPSAFMR
Prince George's County, MD
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$2,300$2,300
1 BR$2,390$2,390
2 BR$2,690$2,690
3 BR$3,470$3,470
4 BR$4,060$4,060
5 BR$4,669Not available
6 BR$5,369Not available
7 BR$6,175Not available
8 BR$7,101Not available

Purchase Price Calculator

Maximum purchase price
$337,816

Cost breakdown

+Likely effective rent$2,690
HUD FMRUsed$2,690
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,708
Loan amount$270,253
Down payment$67,563
Rate6.50%
Term30 years
-Operating costs-$782
Property taxes-$338
Insurance-$175
Utilities$0
HOA$0
Management-$269
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$42,857(63.4% ROI)
Projected value
$363,791
Return breakdown
Property appreciation+$25,975
Loan principal paid down+$9,683
Rental cash flow+$7,200
5-year hold
+$73,658(109.0% ROI)
Projected value
$382,208
Return breakdown
Property appreciation+$44,392
Loan principal paid down+$17,267
Rental cash flow+$12,000
10-year hold
+$159,760(236.5% ROI)
Projected value
$432,434
Return breakdown
Property appreciation+$94,617
Loan principal paid down+$41,143
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
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Tax rate
--
Mortgage rate
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ZIP 20608 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20608 (Aquasco, MD) is $2,690 a month. That is up 11.2% from $2,420 in FY 2026. Aquasco 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 65 ZIP codes in Prince George's County, 20608 is tied for the 9th-highest two-bedroom rent (county range $1,750–$3,610). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 20608 is 43% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 20608
BedroomsFY 2027Change90–110% range
Studio$2,300+10.0%$2,070–$2,530
1BR$2,390+11.2%$2,151–$2,629
2BR$2,690+11.2%$2,421–$2,959
3BR$3,470+12.7%$3,123–$3,817
4BR$4,060+12.5%$3,654–$4,466

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 20608
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,300$2,390$2,690$3,470$4,060
FY 2026$2,090$2,150$2,420$3,080$3,610
FY 2025$1,870$1,910$2,150$2,690$3,170
FY 2024$1,680$1,710$1,940$2,410$2,860
FY 2023$1,590$1,620$1,840$2,330$2,790

Two-bedroom rent in nearby Prince George's County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 20608
20588$2,150−20.1%
20601$2,590−3.7%
20607$2,660−1.1%
20608Current$2,690—
20613$2,910+8.2%
20616$2,770+3.0%
20623$2,6900.0%
20703$2,150−20.1%
20704$2,150−20.1%
20705$2,160−19.7%
20706$2,210−17.8%
20707$2,500−7.1%

Questions about ZIP 20608 rents

How much will Section 8 pay for a two-bedroom in ZIP 20608?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,690, that basic range is $2,421 to $2,959 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 20608 in?

ZIP 20608 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 20608 for FY 2027?

The two-bedroom FMR rose 11.2%, from $2,420 in FY 2026 to $2,690 in FY 2027. Since FY 2023 it has risen 46.2%.

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