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St. Mary's County/Valley Lee/20692

20692

ZIPSAFMR
St. Mary's County, MD
Zillow

ZIP Investment Score

74Below average

095130300
BRFMR
Eff. Rent
0 BR$1,320$1,450
1 BR$1,640$1,670
2 BR$1,780$1,960
3 BR$2,230$2,290
4 BR$2,840$2,720
5 BR$3,266Not available
6 BR$3,756Not available
7 BR$4,319Not available
8 BR$4,967Not available

Purchase Price Calculator

Maximum purchase price
$229,339

Cost breakdown

+Likely effective rent$1,960
HUD FMR$1,780
Market rent$2,100
Est. payment standard (110%)Used$1,960
-Principal and interest-$1,160
Loan amount$183,471
Down payment$45,868
Rate6.50%
Term30 years
-Operating costs-$600
Property taxes-$229
Insurance-$175
Utilities$0
HOA$0
Management-$196
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,407(68.5% ROI)
Projected value
$246,973
Return breakdown
Property appreciation+$17,634
Loan principal paid down+$6,573
Rental cash flow+$7,200
5-year hold
+$53,859(117.4% ROI)
Projected value
$259,476
Return breakdown
Property appreciation+$30,137
Loan principal paid down+$11,722
Rental cash flow+$12,000
10-year hold
+$116,166(253.3% ROI)
Projected value
$293,573
Return breakdown
Property appreciation+$64,234
Loan principal paid down+$27,931
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.79
1 BR
0.97
2 BR
0.85
3 BR
0.96
4 BR
1.04
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 20692 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20692 (Valley Lee, MD) is $1,780 a month. That is down 2.2% from $1,820 in FY 2026. Valley Lee 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, 20692 has the 17th-highest two-bedroom rent (county range $1,650–$2,240). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 20692 is 5% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 20692
BedroomsFY 2027Change90–110% range
Studio$1,320−4.3%$1,188–$1,452
1BR$1,640−1.2%$1,476–$1,804
2BR$1,780−2.2%$1,602–$1,958
3BR$2,230−0.4%$2,007–$2,453
4BR$2,840−0.7%$2,556–$3,124

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 20692
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,320$1,640$1,780$2,230$2,840
FY 2026$1,380$1,660$1,820$2,240$2,860
FY 2025$1,410$1,530$1,730$2,160$2,660
FY 2024$1,360$1,380$1,630$2,110$2,470
FY 2023$1,170$1,190$1,440$1,950$2,230

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 20692
20656$1,890+6.2%
20659$1,720−3.4%
20660$1,790+0.6%
20667$1,710−3.9%
20670$2,240+25.8%
20674$1,820+2.2%
20680$1,790+0.6%
20684$1,790+0.6%
20686$1,790+0.6%
20687$1,790+0.6%
20690$1,820+2.2%
20692Current$1,780—

Questions about ZIP 20692 rents

How much will Section 8 pay for a two-bedroom in ZIP 20692?

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 $1,780 it would be $1,602 to $1,958. 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 20692 in?

ZIP 20692 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 20692 for FY 2027?

The two-bedroom FMR fell 2.2%, from $1,820 in FY 2026 to $1,780 in FY 2027. Since FY 2023 it has risen 23.6%.

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