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Prince George's County/Bowie/20715

20715

ZIPSAFMR
Prince George's County, MD
Zillow

ZIP Investment Score

106Above average

095130300
BRFMR
Eff. Rent
0 BR$2,560$1,540
1 BR$2,680$1,430
2 BR$2,960$2,480
3 BR$3,770$3,020
4 BR$4,440$3,400
5 BR$5,106Not available
6 BR$5,872Not available
7 BR$6,753Not available
8 BR$7,766Not available

Purchase Price Calculator

Maximum purchase price
$306,610

Cost breakdown

+Likely effective rent$2,480
HUD FMR$2,960
Market rentUsed$2,480
Est. payment standard (90%)$2,660
-Principal and interest-$1,550
Loan amount$245,288
Down payment$61,322
Rate6.50%
Term30 years
-Operating costs-$730
Property taxes-$307
Insurance-$175
Utilities$0
HOA$0
Management-$248
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$39,564(64.5% ROI)
Projected value
$330,186
Return breakdown
Property appreciation+$23,575
Loan principal paid down+$8,788
Rental cash flow+$7,200
5-year hold
+$67,963(110.8% ROI)
Projected value
$346,902
Return breakdown
Property appreciation+$40,291
Loan principal paid down+$15,672
Rental cash flow+$12,000
10-year hold
+$147,219(240.1% ROI)
Projected value
$392,487
Return breakdown
Property appreciation+$85,877
Loan principal paid down+$37,342
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.66
1 BR
1.87
2 BR
1.19
3 BR
1.25
4 BR
1.31
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 20715 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20715 (Bowie, MD) is $2,960 a month. That is up 6.9% from $2,770 in FY 2026. Bowie 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 65 ZIP codes in Prince George's County, 20715 has the 4th-highest two-bedroom rent (county range $1,750–$3,610). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 20715 is 58% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 20715
BedroomsFY 2027Change90–110% range
Studio$2,560+6.2%$2,304–$2,816
1BR$2,680+8.1%$2,412–$2,948
2BR$2,960+6.9%$2,664–$3,256
3BR$3,770+7.7%$3,393–$4,147
4BR$4,440+8.0%$3,996–$4,884

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 20715
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,560$2,680$2,960$3,770$4,440
FY 2026$2,410$2,480$2,770$3,500$4,110
FY 2025$2,520$2,580$2,900$3,630$4,280
FY 2024$2,260$2,300$2,610$3,250$3,850
FY 2023$2,070$2,110$2,400$3,000$3,580

Two-bedroom rent in nearby Prince George's County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 20715
20707$2,500−15.5%
20708$2,330−21.3%
20709$2,150−27.4%
20710$2,010−32.1%
20712$1,750−40.9%
20715Current$2,960—
20716$2,610−11.8%
20717$2,150−27.4%
20718$2,150−27.4%
20720$3,610+22.0%
20721$2,950−0.3%
20722$2,240−24.3%

Questions about ZIP 20715 rents

How much will Section 8 pay for a two-bedroom in ZIP 20715?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,960, that basic range is $2,664 to $3,256 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 20715 in?

ZIP 20715 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 20715 for FY 2027?

The two-bedroom FMR rose 6.9%, from $2,770 in FY 2026 to $2,960 in FY 2027. Since FY 2023 it has risen 23.3%.

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