Skip to main content
Loading page
Montgomery County/Bethesda/20816

20816

ZIPSAFMR
Montgomery County, MD
Zillow

ZIP Investment Score

58Below average

095130300
BRFMR
Eff. Rent
0 BR$2,810$2,210
1 BR$2,930$2,320
2 BR$3,240$3,420
3 BR$4,130$4,370
4 BR$4,860$5,180
5 BR$5,589Not available
6 BR$6,427Not available
7 BR$7,391Not available
8 BR$8,500Not available

Purchase Price Calculator

Maximum purchase price
$446,294

Cost breakdown

+Likely effective rent$3,420
HUD FMR$3,240
Market rent$3,510
Est. payment standard (105%)Used$3,420
-Principal and interest-$2,257
Loan amount$357,035
Down payment$89,259
Rate6.50%
Term30 years
-Operating costs-$963
Property taxes-$446
Insurance-$175
Utilities$0
HOA$0
Management-$342
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$54,308(60.8% ROI)
Projected value
$480,610
Return breakdown
Property appreciation+$34,316
Loan principal paid down+$12,792
Rental cash flow+$7,200
5-year hold
+$93,458(104.7% ROI)
Projected value
$504,941
Return breakdown
Property appreciation+$58,647
Loan principal paid down+$22,811
Rental cash flow+$12,000
10-year hold
+$203,355(227.8% ROI)
Projected value
$571,294
Return breakdown
Property appreciation+$125,000
Loan principal paid down+$54,355
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.27
1 BR
1.26
2 BR
0.92
3 BR
0.92
4 BR
0.91
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 20816 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20816 (Bethesda, MD) is $3,240 a month. That is up 7.6% from $3,010 in FY 2026. Bethesda 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 77 ZIP codes in Montgomery County, 20816 has the 7th-highest two-bedroom rent (county range $1,200–$3,660). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 20816 is 73% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 20816
BedroomsFY 2027Change90–110% range
Studio$2,810+7.3%$2,529–$3,091
1BR$2,930+8.5%$2,637–$3,223
2BR$3,240+7.6%$2,916–$3,564
3BR$4,130+8.7%$3,717–$4,543
4BR$4,860+8.7%$4,374–$5,346

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 20816
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,810$2,930$3,240$4,130$4,860
FY 2026$2,620$2,700$3,010$3,800$4,470
FY 2025$2,660$2,720$3,060$3,830$4,510
FY 2024$2,360$2,400$2,720$3,380$4,010
FY 2023$2,120$2,150$2,450$3,060$3,660

Two-bedroom rent in nearby Montgomery County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 20816
20812$3,330+2.8%
20814$3,020−6.8%
20815$2,880−11.1%
20816Current$3,240—
20817$3,660+13.0%
20818$3,660+13.0%
20824$2,470−23.8%
20825$2,470−23.8%
20827$2,470−23.8%
20830$2,470−23.8%
20832$3,000−7.4%
20833$2,580−20.4%

Questions about ZIP 20816 rents

How much will Section 8 pay for a two-bedroom in ZIP 20816?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,240, that basic range is $2,916 to $3,564 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 20816 in?

ZIP 20816 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 20816 for FY 2027?

The two-bedroom FMR rose 7.6%, from $3,010 in FY 2026 to $3,240 in FY 2027. Since FY 2023 it has risen 32.2%.

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

County fair market rentBethesda, MD fair market rentMD statewide rentsWhat is SAFMR?Data sources