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Prince George's County/Bowie/20720

20720

ZIPSAFMR
Prince George's County, MD
Zillow

ZIP Investment Score

113Above average

095130300
BRFMR
Eff. Rent
0 BR$3,130$1,370
1 BR$3,260$1,430
2 BR$3,610$2,020
3 BR$4,600$2,970
4 BR$5,420$3,560
5 BR$6,233Not available
6 BR$7,168Not available
7 BR$8,243Not available
8 BR$9,480Not available

Purchase Price Calculator

Maximum purchase price
$238,255

Cost breakdown

+Likely effective rent$2,020
HUD FMR$3,610
Market rentUsed$2,020
Est. payment standard (90%)$3,250
-Principal and interest-$1,205
Loan amount$190,604
Down payment$47,651
Rate6.50%
Term30 years
-Operating costs-$615
Property taxes-$238
Insurance-$175
Utilities$0
HOA$0
Management-$202
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,348(67.9% ROI)
Projected value
$256,574
Return breakdown
Property appreciation+$18,320
Loan principal paid down+$6,829
Rental cash flow+$7,200
5-year hold
+$55,486(116.4% ROI)
Projected value
$269,563
Return breakdown
Property appreciation+$31,309
Loan principal paid down+$12,178
Rental cash flow+$12,000
10-year hold
+$119,749(251.3% ROI)
Projected value
$304,986
Return breakdown
Property appreciation+$66,731
Loan principal paid down+$29,017
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
2.28
1 BR
2.28
2 BR
1.79
3 BR
1.55
4 BR
1.52
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 20720 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20720 (Bowie, MD) is $3,610 a month. That is up 10.4% from $3,270 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, 20720 has the highest two-bedroom rent (county range $1,750–$3,610). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 20720 is 93% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 20720
BedroomsFY 2027Change90–110% range
Studio$3,130+10.2%$2,817–$3,443
1BR$3,260+11.3%$2,934–$3,586
2BR$3,610+10.4%$3,249–$3,971
3BR$4,600+11.4%$4,140–$5,060
4BR$5,420+11.8%$4,878–$5,962

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 20720
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,130$3,260$3,610$4,600$5,420
FY 2026$2,840$2,930$3,270$4,130$4,850
FY 2025$2,740$2,800$3,150$3,940$4,650
FY 2024$2,430$2,470$2,800$3,480$4,130
FY 2023$2,130$2,160$2,460$3,080$3,670

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 20720
20709$2,150−40.4%
20710$2,010−44.3%
20712$1,750−51.5%
20715$2,960−18.0%
20716$2,610−27.7%
20717$2,150−40.4%
20718$2,150−40.4%
20720Current$3,610—
20721$2,950−18.3%
20722$2,240−38.0%
20725$2,150−40.4%
20726$2,150−40.4%

Questions about ZIP 20720 rents

How much will Section 8 pay for a two-bedroom in ZIP 20720?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,610, that basic range is $3,249 to $3,971 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 20720 in?

ZIP 20720 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 20720 for FY 2027?

The two-bedroom FMR rose 10.4%, from $3,270 in FY 2026 to $3,610 in FY 2027. Since FY 2023 it has risen 46.7%.

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