For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20701 (Annapolis Junction, MD) is $2,710 a month. That is up 0.4% from $2,700 in FY 2026. Annapolis Junction is in the Baltimore-Columbia-Towson, MD MSA. 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 $2,006. Among 28 ZIP codes in Howard County, 20701 has the 3rd-highest two-bedroom rent (county range $1,780–$2,930). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 20701 is 45% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 20701
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,980
$2,060
+4.0%
$1,854–$2,266
1BR
$2,200
$2,190
−0.5%
$1,971–$2,409
2BR
$2,700
$2,710
+0.4%
$2,439–$2,981
3BR
$3,430
$3,390
−1.2%
$3,051–$3,729
4BR
$3,820
$3,770
−1.3%
$3,393–$4,147
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 20701
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,060
$2,190
$2,710
$3,390
$3,770
FY 2026
$1,980
$2,200
$2,700
$3,430
$3,820
FY 2025
$2,110
$2,410
$2,950
$3,800
$4,240
FY 2024
$2,070
$2,370
$2,910
$3,770
$4,270
FY 2023
$1,620
$1,880
$2,320
$3,010
$3,440
Two-bedroom rent in nearby Howard County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 20701?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,006, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,805 to $2,207 a month; under the ZIP-level Small Area FMR of $2,710 it would be $2,439 to $2,981. 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 20701 in?
ZIP 20701 is in the Baltimore-Columbia-Towson, MD MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,006.
How much did fair market rent change in ZIP 20701 for FY 2027?
The two-bedroom FMR rose 0.4%, from $2,700 in FY 2026 to $2,710 in FY 2027. Since FY 2023 it has risen 16.8%.
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