20778

ZIPSAFMR

Anne Arundel County, MD

ZIP Investment Score

93Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,910	$1,920	0.5%
1 BR	$2,040	$2,010	-1.9%
2 BR	$2,520	$2,460	-1.7%
3 BR	$3,150	$2,980	-2.9%
4 BR	$3,500	$3,340	-3.5%
5 BR	$4,025	Not available	-3.5%
6 BR	$4,629	Not available	-3.5%
7 BR	$5,323	Not available	-3.5%
8 BR	$6,122	Not available	-3.5%

Purchase Price Calculator

Maximum purchase price

$303,639

Cost breakdown

+Likely effective rent$2,460

HUD FMR$2,520

Market rentUsed$2,460

Est. payment standard (98%)$2,480

-Principal and interest-$1,535

Loan amount$242,911

Down payment$60,728

Rate6.50%

Term30 years

-Operating costs-$725

Property taxes-$304

Insurance-$175

Utilities$0

HOA$0

Management-$246

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$39,250(64.6% ROI)

Projected value

$326,985

Return breakdown

Property appreciation+$23,347

Loan principal paid down+$8,703

Rental cash flow+$7,200

5-year hold

+$67,420(111.0% ROI)

Projected value

$343,539

Return breakdown

Property appreciation+$39,901

Loan principal paid down+$15,520

Rental cash flow+$12,000

10-year hold

+$146,025(240.5% ROI)

Projected value

$388,683

Return breakdown

Property appreciation+$85,044

Loan principal paid down+$36,980

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.99ratio

FMR$1,910

Market$1,930

vs market-$20

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

0.99

1 BR

1.01ratio

FMR$2,040

Market$2,010

vs market+$30

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

1.01

2 BR

1.02ratio

FMR$2,520

Market$2,460

vs market+$60

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

1.02

3 BR

1.06ratio

FMR$3,150

Market$2,980

vs market+$170

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

1.06

4 BR

1.05ratio

FMR$3,500

Market$3,340

vs market+$160

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

1.05

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 20778 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20778 (West River, MD) is $2,520 a month. That is up 4.1% from $2,420 in FY 2026. West River is in the Baltimore-Columbia-Towson, MD MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $2,006. Among 46 ZIP codes in Anne Arundel County, 20778 is tied for the 23rd-highest two-bedroom rent (county range $1,680–$3,010). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 20778 is 34% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 20778
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,730	$1,910	+10.4%	$1,719–$2,101
1BR	$1,980	$2,040	+3.0%	$1,836–$2,244
2BR	$2,420	$2,520	+4.1%	$2,268–$2,772
3BR	$3,110	$3,150	+1.3%	$2,835–$3,465
4BR	$3,470	$3,500	+0.9%	$3,150–$3,850

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 20778
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,910	$2,040	$2,520	$3,150	$3,500
FY 2026	$1,730	$1,980	$2,420	$3,110	$3,470
FY 2025	$1,920	$2,190	$2,680	$3,450	$3,850
FY 2024	$1,880	$2,160	$2,650	$3,440	$3,890
FY 2023	$1,320	$1,530	$1,890	$2,450	$2,800

Two-bedroom rent in nearby Anne Arundel County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 20778
20733	$2,520	0.0%
20736	$1,750	−30.6%
20751	$2,520	0.0%
20754	$2,620	+4.0%
20755	$2,780	+10.3%
20758	$1,990	−21.0%
20764	$2,870	+13.9%
20765	$2,520	0.0%
20776	$2,570	+2.0%
20778Current	$2,520	—
20779	$2,200	−12.7%
20794	$2,520	0.0%

Questions about ZIP 20778 rents

How much will Section 8 pay for a two-bedroom in ZIP 20778?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,006, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,805 to $2,207 a month; under the ZIP-level Small Area FMR of $2,520 it would be $2,268 to $2,772. 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 20778 in?

ZIP 20778 is in the Baltimore-Columbia-Towson, MD MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,006.

How much did fair market rent change in ZIP 20778 for FY 2027?

The two-bedroom FMR rose 4.1%, from $2,420 in FY 2026 to $2,520 in FY 2027. Since FY 2023 it has risen 33.3%.

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 rent West River, MD fair market rent MD statewide rents What is SAFMR?Data sources