20815
ZIPSAFMR
Montgomery County, MD
BRFMR
Eff. Rent
0 BR$2,330$2,170
1 BR$2,400$2,570
2 BR$2,680$2,950
3 BR$3,380$3,720
4 BR$3,980$4,380
5 BR$4,577
6 BR$5,264
7 BR$6,053
8 BR$6,961

Purchase Price Calculator

Maximum purchase price
$376,452

Cost breakdown

+Likely effective rent$2,950
HUD FMR$2,680
Market rent$3,830
Est. payment standard (110%)Used$2,950
Estimated payment standard is $2,950 (110% of FMR).
-Principal and interest-$1,904
Loan amount$301,162
Down payment$75,290
Rate6.50%
Term30 years
-Operating costs-$846
Property taxes-$376
Insurance-$175
Utilities$0
HOA$0
Management-$295
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$46,936(62.3% ROI)
Projected value
$405,398
Current value$376,452
Return breakdown
Property appreciation+$28,946
Loan principal paid down+$10,790
Rental cash flow+$7,200
5-year hold
+$80,710(107.2% ROI)
Projected value
$425,921
Current value$376,452
Return breakdown
Property appreciation+$49,469
Loan principal paid down+$19,241
Rental cash flow+$12,000
10-year hold
+$175,287(232.8% ROI)
Projected value
$481,891
Current value$376,452
Return breakdown
Property appreciation+$105,438
Loan principal paid down+$45,848
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
1.07ratio
FMR$2,330
Market$2,170
vs market+$160

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

90% standard$2,097 / 0.97 ratio110% standard$2,563 / 1.18 ratio
1.07
1 BR
1 BR
0.90ratio
FMR$2,400
Market$2,660
vs market-$260

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

90% standard$2,160 / 0.81 ratio110% standard$2,640 / 0.99 ratio
0.90
2 BR
2 BR
0.70ratio
FMR$2,680
Market$3,830
vs market-$1,150

FMR is below market; voucher rent may lag private rents.

90% standard$2,412 / 0.63 ratio110% standard$2,948 / 0.77 ratio
0.70
3 BR
3 BR
0.60ratio
FMR$3,380
Market$5,590
vs market-$2,210

FMR is below market; voucher rent may lag private rents.

90% standard$3,042 / 0.54 ratio110% standard$3,718 / 0.67 ratio
0.60
4 BR
4 BR
0.70ratio
FMR$3,980
Market$5,660
vs market-$1,680

FMR is below market; voucher rent may lag private rents.

90% standard$3,582 / 0.63 ratio110% standard$4,378 / 0.77 ratio
0.70
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller 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 20815 (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.

20815 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 20815 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,680 and the 4 bedroom fair market rent is $3,980.

Use this page for searches like 20815 FMR, 20815 fair market rent, and 20815 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 20815
Bedroom sizeHUD FMR
Studio$2,330
1 bedroom$2,400
2 bedroom$2,680
3 bedroom$3,380
4 bedroom$3,980