For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20742 (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, 20742 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 20742 is 37% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 20742
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,090
$2,220
+6.2%
$1,998–$2,442
1BR
$2,150
$2,310
+7.4%
$2,079–$2,541
2BR
$2,400
$2,560
+6.7%
$2,304–$2,816
3BR
$3,030
$3,260
+7.6%
$2,934–$3,586
4BR
$3,560
$3,840
+7.9%
$3,456–$4,224
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 20742
Fiscal year
Studio
1BR
2BR
3BR
4BR
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
$2,250
$2,660
FY 2023
$1,430
$1,450
$1,650
$2,090
$2,510
Two-bedroom rent in nearby Prince George's County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 20742?
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 20742 in?
ZIP 20742 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 20742 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 55.2%.
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