FMR is below market; voucher rent may lag private rents.
0.68
1 BR
1 BR
0.87ratio
FMR$1,740
Market$1,990
vs market-$250
FMR is below market; voucher rent may lag private rents.
0.87
2 BR
2 BR
1.00ratio
FMR$1,890
Market$1,890
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
3 BR
3 BR
1.00ratio
FMR$2,370
Market$2,360
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.00
4 BR
4 BR
1.01ratio
FMR$3,020
Market$2,990
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.01
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 20656 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20656 (Loveville, MD) is $1,890 a month. That is down 3.1% from $1,950 in FY 2026. Loveville 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, 20656 is tied for the 3rd-highest two-bedroom rent (county range $1,650–$2,240).
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 20656
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,480
$1,400
−5.4%
$1,260–$1,540
1BR
$1,780
$1,740
−2.2%
$1,566–$1,914
2BR
$1,950
$1,890
−3.1%
$1,701–$2,079
3BR
$2,410
$2,370
−1.7%
$2,133–$2,607
4BR
$3,070
$3,020
−1.6%
$2,718–$3,322
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 20656
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,400
$1,740
$1,890
$2,370
$3,020
FY 2026
$1,480
$1,780
$1,950
$2,410
$3,070
FY 2025
$1,470
$1,600
$1,800
$2,250
$2,770
FY 2024
$1,470
$1,500
$1,760
$2,280
$2,670
FY 2023
$1,310
$1,330
$1,600
$2,170
$2,480
Two-bedroom rent in nearby St. Mary's County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 20656?
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 $1,890 it would be $1,701 to $2,079. 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 20656 in?
ZIP 20656 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 20656 for FY 2027?
The two-bedroom FMR fell 3.1%, from $1,950 in FY 2026 to $1,890 in FY 2027. Since FY 2023 it has risen 18.1%.
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