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St. Mary's County/Lexington Park/20653

20653

ZIPSAFMR
St. Mary's County, MD
Zillow

ZIP Investment Score

79Below average

095130300
BRFMR
Eff. Rent
0 BR$1,270$1,300
1 BR$1,570$1,450
2 BR$1,710$1,780
3 BR$2,150$2,070
4 BR$2,730$2,780
5 BR$3,139Not available
6 BR$3,610Not available
7 BR$4,152Not available
8 BR$4,775Not available

Purchase Price Calculator

Maximum purchase price
$202,591

Cost breakdown

+Likely effective rent$1,780
HUD FMR$1,710
Market rent$1,810
Est. payment standard (104%)Used$1,780
-Principal and interest-$1,024
Loan amount$162,073
Down payment$40,518
Rate6.50%
Term30 years
-Operating costs-$556
Property taxes-$203
Insurance-$175
Utilities$0
HOA$0
Management-$178
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,584(70.5% ROI)
Projected value
$218,168
Return breakdown
Property appreciation+$15,577
Loan principal paid down+$5,807
Rental cash flow+$7,200
5-year hold
+$48,977(120.9% ROI)
Projected value
$229,213
Return breakdown
Property appreciation+$26,622
Loan principal paid down+$10,355
Rental cash flow+$12,000
10-year hold
+$105,416(260.2% ROI)
Projected value
$259,333
Return breakdown
Property appreciation+$56,743
Loan principal paid down+$24,674
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.96
1 BR
1.08
2 BR
0.94
3 BR
1.04
4 BR
0.97
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 20653 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20653 (Lexington Park, MD) is $1,710 a month. That is down 3.4% from $1,770 in FY 2026. Lexington Park is in the St. Mary's 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 $1,787. Among 28 ZIP codes in St. Mary's County, 20653 is tied for the 21st-highest two-bedroom rent (county range $1,650–$2,240). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 20653 is 9% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 20653
BedroomsFY 2027Change90–110% range
Studio$1,270−5.9%$1,143–$1,397
1BR$1,570−2.5%$1,413–$1,727
2BR$1,710−3.4%$1,539–$1,881
3BR$2,150−1.8%$1,935–$2,365
4BR$2,730−2.2%$2,457–$3,003

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 20653
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,270$1,570$1,710$2,150$2,730
FY 2026$1,350$1,610$1,770$2,190$2,790
FY 2025$1,460$1,590$1,790$2,230$2,750
FY 2024$1,450$1,470$1,730$2,240$2,620
FY 2023$1,280$1,300$1,570$2,130$2,430

Two-bedroom rent in nearby St. Mary's County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 20653
20628$1,790+4.7%
20630$1,790+4.7%
20634$1,680−1.8%
20636$1,650−3.5%
20650$1,890+10.5%
20653Current$1,710—
20656$1,890+10.5%
20659$1,720+0.6%
20660$1,790+4.7%
20667$1,7100.0%
20670$2,240+31.0%
20674$1,820+6.4%

Questions about ZIP 20653 rents

How much will Section 8 pay for a two-bedroom in ZIP 20653?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,787, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,608 to $1,966 a month; under the ZIP-level Small Area FMR of $1,710 it would be $1,539 to $1,881. 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 20653 in?

ZIP 20653 is in the St. Mary's County, MD HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,787.

How much did fair market rent change in ZIP 20653 for FY 2027?

The two-bedroom FMR fell 3.4%, from $1,770 in FY 2026 to $1,710 in FY 2027. Since FY 2023 it has risen 8.9%.

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