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Charles County/Nanjemoy/20662

20662

ZIPSAFMR
Charles County, MD
Zillow

ZIP Investment Score

112Above average

095130300
BRFMR
Eff. Rent
0 BR$1,860$1,860
1 BR$1,930$1,930
2 BR$2,140$2,140
3 BR$2,730$2,730
4 BR$3,210$3,210
5 BR$3,691Not available
6 BR$4,245Not available
7 BR$4,882Not available
8 BR$5,614Not available

Purchase Price Calculator

Maximum purchase price
$256,087

Cost breakdown

+Likely effective rent$2,140
HUD FMRUsed$2,140
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,295
Loan amount$204,869
Down payment$51,217
Rate6.50%
Term30 years
-Operating costs-$645
Property taxes-$256
Insurance-$175
Utilities$0
HOA$0
Management-$214
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,231(66.8% ROI)
Projected value
$275,777
Return breakdown
Property appreciation+$19,691
Loan principal paid down+$7,340
Rental cash flow+$7,200
5-year hold
+$58,741(114.7% ROI)
Projected value
$289,739
Return breakdown
Property appreciation+$33,652
Loan principal paid down+$13,089
Rental cash flow+$12,000
10-year hold
+$126,915(247.8% ROI)
Projected value
$327,813
Return breakdown
Property appreciation+$71,726
Loan principal paid down+$31,189
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
--
Tax rate
--
Mortgage rate
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ZIP 20662 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20662 (Nanjemoy, MD) is $2,140 a month. That is up 5.9% from $2,020 in FY 2026. Nanjemoy 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, 20662 has the 23rd-highest two-bedroom rent (county range $1,720–$3,310). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 20662 is 14% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 20662
BedroomsFY 2027Change90–110% range
Studio$1,860+5.7%$1,674–$2,046
1BR$1,930+6.0%$1,737–$2,123
2BR$2,140+5.9%$1,926–$2,354
3BR$2,730+7.1%$2,457–$3,003
4BR$3,210+7.0%$2,889–$3,531

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 20662
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,860$1,930$2,140$2,730$3,210
FY 2026$1,760$1,820$2,020$2,550$3,000
FY 2025$1,350$1,380$1,550$1,940$2,290
FY 2024$1,200$1,230$1,390$1,730$2,050
FY 2023$1,120$1,140$1,300$1,630$1,940

Two-bedroom rent in nearby Charles County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 20662
20632$2,350+9.8%
20637$3,310+54.7%
20640$2,190+2.3%
20645$2,660+24.3%
20646$1,960−8.4%
20658$2,190+2.3%
20659$1,720−19.6%
20661$2,380+11.2%
20662Current$2,140—
20664$2,660+24.3%
20675$2,230+4.2%
20677$2,380+11.2%

Questions about ZIP 20662 rents

How much will Section 8 pay for a two-bedroom in ZIP 20662?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,140, that basic range is $1,926 to $2,354 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 20662 in?

ZIP 20662 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 20662 for FY 2027?

The two-bedroom FMR rose 5.9%, from $2,020 in FY 2026 to $2,140 in FY 2027. Since FY 2023 it has risen 64.6%.

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