20723
ZIPSAFMR
Howard County, MD
BRFMR
Eff. Rent
0 BR$1,700$1,550
1 BR$1,890$1,680
2 BR$2,320$2,280
3 BR$2,950$2,620
4 BR$3,260$3,390
5 BR$3,749
6 BR$4,311
7 BR$4,958
8 BR$5,702

Purchase Price Calculator

Maximum purchase price
$276,891

Cost breakdown

+Likely effective rent$2,280
HUD FMR$2,320
Market rentUsed$2,280
Est. payment standard (99%)$2,290
Market rent is below the inferred standard ($2,290, 99% of FMR).
-Principal and interest-$1,400
Loan amount$221,512
Down payment$55,378
Rate6.50%
Term30 years
-Operating costs-$680
Property taxes-$277
Insurance-$175
Utilities$0
HOA$0
Management-$228
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$36,427(65.8% ROI)
Projected value
$298,181
Current value$276,891
Return breakdown
Property appreciation+$21,290
Loan principal paid down+$7,936
Rental cash flow+$7,200
5-year hold
+$62,538(112.9% ROI)
Projected value
$313,276
Current value$276,891
Return breakdown
Property appreciation+$36,386
Loan principal paid down+$14,152
Rental cash flow+$12,000
10-year hold
+$135,276(244.3% ROI)
Projected value
$354,443
Current value$276,891
Return breakdown
Property appreciation+$77,553
Loan principal paid down+$33,723
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.10ratio
FMR$1,700
Market$1,550
vs market+$150

FMR is near market; voucher and private rents are aligned.

90% standard$1,530 / 0.99 ratio110% standard$1,870 / 1.21 ratio
1.10
1 BR
1 BR
1.13ratio
FMR$1,890
Market$1,680
vs market+$210

FMR is above market; underwrite to market rent.

90% standard$1,701 / 1.01 ratio110% standard$2,079 / 1.24 ratio
1.13
2 BR
2 BR
1.02ratio
FMR$2,320
Market$2,280
vs market+$40

FMR is near market; voucher and private rents are aligned.

90% standard$2,088 / 0.92 ratio110% standard$2,552 / 1.12 ratio
1.02
3 BR
3 BR
1.13ratio
FMR$2,950
Market$2,620
vs market+$330

FMR is above market; underwrite to market rent.

90% standard$2,655 / 1.01 ratio110% standard$3,245 / 1.24 ratio
1.13
4 BR
4 BR
0.94ratio
FMR$3,260
Market$3,460
vs market-$200

FMR is near market; voucher and private rents are aligned.

90% standard$2,934 / 0.85 ratio110% standard$3,586 / 1.04 ratio
0.94
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 20723 (MD) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

20723 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 20723 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,320 and the 4 bedroom fair market rent is $3,260.

Use this page for searches like 20723 FMR, 20723 fair market rent, and 20723 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 20723
Bedroom sizeHUD FMR
Studio$1,700
1 bedroom$1,890
2 bedroom$2,320
3 bedroom$2,950
4 bedroom$3,260