Anne Arundel County/Jessup/20794

20794

ZIPSAFMR

Anne Arundel County, MD

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ZIP Investment Score

101Above average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,910	$1,700	4.4%
1 BR	$2,040	$1,740	2.0%
2 BR	$2,520	$2,360	2.2%
3 BR	$3,150	$2,760	1.0%
4 BR	$3,500	$3,350	0.4%
5 BR	$4,025	Not available	0.4%
6 BR	$4,629	Not available	0.4%
7 BR	$5,323	Not available	0.4%
8 BR	$6,122	Not available	0.4%

Purchase Price Calculator

Maximum purchase price

$288,779

Cost breakdown

+Likely effective rent$2,360

HUD FMR$2,520

Market rentUsed$2,360

Est. payment standard (96%)$2,420

-Principal and interest-$1,460

Loan amount$231,023

Down payment$57,756

Rate6.50%

Term30 years

-Operating costs-$700

Property taxes-$289

Insurance-$175

Utilities$0

HOA$0

Management-$236

=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

+$37,681(65.2% ROI)

Projected value

$310,983

Return breakdown

Property appreciation+$22,204

Loan principal paid down+$8,277

Rental cash flow+$7,200

5-year hold

+$64,708(112.0% ROI)

Projected value

$326,726

Return breakdown

Property appreciation+$37,948

Loan principal paid down+$14,760

Rental cash flow+$12,000

10-year hold

+$140,053(242.5% ROI)

Projected value

$369,661

Return breakdown

Property appreciation+$80,882

Loan principal paid down+$35,171

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.12ratio

FMR$1,910

Market$1,700

vs market+$210

FMR is above market; underwrite to market rent.

1.12

1 BR

1.17ratio

FMR$2,040

Market$1,740

vs market+$300

FMR is above market; underwrite to market rent.

1.17

2 BR

1.07ratio

FMR$2,520

Market$2,360

vs market+$160

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

1.07

3 BR

1.14ratio

FMR$3,150

Market$2,760

vs market+$390

FMR is above market; underwrite to market rent.

1.14

4 BR

1.04ratio

FMR$3,500

Market$3,350

vs market+$150

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

1.04

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 20794 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20794 (Jessup, MD) is $2,520 a month. That is up 9.6% from $2,300 in FY 2026. Jessup 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, 20794 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 20794 is 34% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 20794
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,690	$1,910	+13.0%	$1,719–$2,101
1BR	$1,870	$2,040	+9.1%	$1,836–$2,244
2BR	$2,300	$2,520	+9.6%	$2,268–$2,772
3BR	$2,920	$3,150	+7.9%	$2,835–$3,465
4BR	$3,230	$3,500	+8.4%	$3,150–$3,850

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 20794
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,910	$2,040	$2,520	$3,150	$3,500
FY 2026	$1,690	$1,870	$2,300	$2,920	$3,230
FY 2025	$1,730	$1,980	$2,420	$3,110	$3,480
FY 2024	$1,680	$1,920	$2,360	$3,060	$3,460
FY 2023	$1,300	$1,510	$1,860	$2,410	$2,760

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. 20794
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%
20778	$2,520	0.0%
20779	$2,200	−12.7%
20794Current	$2,520	—

Questions about ZIP 20794 rents

How much will Section 8 pay for a two-bedroom in ZIP 20794?

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 20794 in?

ZIP 20794 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 20794 for FY 2027?

The two-bedroom FMR rose 9.6%, from $2,300 in FY 2026 to $2,520 in FY 2027. Since FY 2023 it has risen 35.5%.

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