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Calvert County/Dowell/20629

20629

ZIPSAFMR
Calvert County, MD
Zillow

ZIP Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$1,890$1,580
1 BR$1,910$1,650
2 BR$2,420$1,940
3 BR$3,350$2,340
4 BR$3,790$2,560
5 BR$4,359Not available
6 BR$5,012Not available
7 BR$5,764Not available
8 BR$6,629Not available

Purchase Price Calculator

Maximum purchase price
$226,367

Cost breakdown

+Likely effective rent$1,940
HUD FMR$2,420
Market rentUsed$1,940
Est. payment standard (90%)$2,180
-Principal and interest-$1,145
Loan amount$181,093
Down payment$45,273
Rate6.50%
Term30 years
-Operating costs-$595
Property taxes-$226
Insurance-$175
Utilities$0
HOA$0
Management-$194
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,094(68.7% ROI)
Projected value
$243,772
Return breakdown
Property appreciation+$17,405
Loan principal paid down+$6,488
Rental cash flow+$7,200
5-year hold
+$53,317(117.8% ROI)
Projected value
$256,113
Return breakdown
Property appreciation+$29,746
Loan principal paid down+$11,570
Rental cash flow+$12,000
10-year hold
+$114,971(253.9% ROI)
Projected value
$289,769
Return breakdown
Property appreciation+$63,402
Loan principal paid down+$27,569
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.20
1 BR
1.16
2 BR
1.25
3 BR
1.43
4 BR
1.48
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 20629 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20629 (Dowell, MD) is $2,420 a month. That is down 4.7% from $2,540 in FY 2026. Dowell is in the Calvert County, MD HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,890. Among 15 ZIP codes in Calvert County, 20629 has the 3rd-highest two-bedroom rent (county range $1,480–$2,840). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 20629 is 29% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 20629
BedroomsFY 2027Change90–110% range
Studio$1,890−10.0%$1,701–$2,079
1BR$1,910−9.9%$1,719–$2,101
2BR$2,420−4.7%$2,178–$2,662
3BR$3,350+0.9%$3,015–$3,685
4BR$3,790−3.1%$3,411–$4,169

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 20629
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,890$1,910$2,420$3,350$3,790
FY 2026$2,100$2,120$2,540$3,320$3,910
FY 2025$2,280$2,330$2,620$3,280$3,870
FY 2024$1,920$1,950$2,210$2,750$3,260
FY 2023$1,700$1,720$1,970$2,460$2,930

Two-bedroom rent in nearby Calvert County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 20629
20610$1,780−26.4%
20615$1,680−30.6%
20629Current$2,420—
20639$1,550−36.0%
20657$1,790−26.0%
20676$1,810−25.2%
20678$1,480−38.8%
20685$1,680−30.6%
20688$2,840+17.4%
20689$1,760−27.3%
20714$2,070−14.5%
20732$1,910−21.1%

Questions about ZIP 20629 rents

How much will Section 8 pay for a two-bedroom in ZIP 20629?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,890, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,701 to $2,079 a month; under the ZIP-level Small Area FMR of $2,420 it would be $2,178 to $2,662. 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 20629 in?

ZIP 20629 is in the Calvert County, MD HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,890.

How much did fair market rent change in ZIP 20629 for FY 2027?

The two-bedroom FMR fell 4.7%, from $2,540 in FY 2026 to $2,420 in FY 2027. Since FY 2023 it has risen 22.8%.

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

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