For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20688 (Solomons, MD) is $2,840 a month. That is down 5.3% from $3,000 in FY 2026. Solomons 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, 20688 has the highest two-bedroom rent (county range $1,480–$2,840). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 20688 is 51% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 20688
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,480
$2,240
−9.7%
$2,016–$2,464
1BR
$2,500
$2,250
−10.0%
$2,025–$2,475
2BR
$3,000
$2,840
−5.3%
$2,556–$3,124
3BR
$3,920
$3,930
+0.3%
$3,537–$4,323
4BR
$4,610
$4,450
−3.5%
$4,005–$4,895
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 20688
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,240
$2,250
$2,840
$3,930
$4,450
FY 2026
$2,480
$2,500
$3,000
$3,920
$4,610
FY 2025
$2,700
$2,750
$3,100
$3,880
$4,570
FY 2024
$2,250
$2,290
$2,600
$3,230
$3,830
FY 2023
$1,970
$2,000
$2,280
$2,850
$3,400
Two-bedroom rent in nearby Calvert County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 20688?
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 $2,840 it would be $2,556 to $3,124. 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 20688 in?
ZIP 20688 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 20688 for FY 2027?
The two-bedroom FMR fell 5.3%, from $3,000 in FY 2026 to $2,840 in FY 2027. Since FY 2023 it has risen 24.6%.
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