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Prince George's County/College Park/20740

20740

ZIPSAFMR
Prince George's County, MD
Zillow

ZIP Investment Score

103Above average

095130300
BRFMR
Eff. Rent
0 BR$2,220$1,630
1 BR$2,310$1,490
2 BR$2,560$2,070
3 BR$3,260$2,640
4 BR$3,840$2,900
5 BR$4,416Not available
6 BR$5,078Not available
7 BR$5,840Not available
8 BR$6,716Not available

Purchase Price Calculator

Maximum purchase price
$245,685

Cost breakdown

+Likely effective rent$2,070
HUD FMR$2,560
Market rentUsed$2,070
Est. payment standard (90%)$2,300
-Principal and interest-$1,242
Loan amount$196,548
Down payment$49,137
Rate6.50%
Term30 years
-Operating costs-$628
Property taxes-$246
Insurance-$175
Utilities$0
HOA$0
Management-$207
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,133(67.4% ROI)
Projected value
$264,576
Return breakdown
Property appreciation+$18,891
Loan principal paid down+$7,042
Rental cash flow+$7,200
5-year hold
+$56,842(115.7% ROI)
Projected value
$277,970
Return breakdown
Property appreciation+$32,285
Loan principal paid down+$12,557
Rental cash flow+$12,000
10-year hold
+$122,735(249.8% ROI)
Projected value
$314,497
Return breakdown
Property appreciation+$68,812
Loan principal paid down+$29,922
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.36
1 BR
1.55
2 BR
1.24
3 BR
1.23
4 BR
1.32
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 20740 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20740 (College Park, MD) is $2,560 a month. That is up 6.7% from $2,400 in FY 2026. College Park 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, 20740 is tied for the 15th-highest two-bedroom rent (county range $1,750–$3,610). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 20740 is 37% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 20740
BedroomsFY 2027Change90–110% range
Studio$2,220+6.2%$1,998–$2,442
1BR$2,310+7.4%$2,079–$2,541
2BR$2,560+6.7%$2,304–$2,816
3BR$3,260+7.6%$2,934–$3,586
4BR$3,840+7.9%$3,456–$4,224

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 20740
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,220$2,310$2,560$3,260$3,840
FY 2026$2,090$2,150$2,400$3,030$3,560
FY 2025$2,160$2,200$2,480$3,100$3,660
FY 2024$1,560$1,590$1,800$2,240$2,650
FY 2023$1,450$1,480$1,690$2,140$2,560

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 20740
20735$2,680+4.7%
20737$1,980−22.7%
20738$2,150−16.0%
20740Current$2,560—
20741$2,150−16.0%
20742$2,5600.0%
20743$2,000−21.9%
20744$2,170−15.2%
20745$1,920−25.0%
20746$2,240−12.5%
20747$2,150−16.0%
20748$1,950−23.8%

Questions about ZIP 20740 rents

How much will Section 8 pay for a two-bedroom in ZIP 20740?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,560, that basic range is $2,304 to $2,816 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 20740 in?

ZIP 20740 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 20740 for FY 2027?

The two-bedroom FMR rose 6.7%, from $2,400 in FY 2026 to $2,560 in FY 2027. Since FY 2023 it has risen 51.5%.

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