20818
ZIPSAFMR
Montgomery County, MD
BRFMR
Eff. Rent
0 BR$2,930$2,100
1 BR$3,020$2,670
2 BR$3,370$3,240
3 BR$4,250$4,230
4 BR$5,000$4,920
5 BR$5,750
6 BR$6,612
7 BR$7,604
8 BR$8,745

Purchase Price Calculator

Maximum purchase price
$419,546

Cost breakdown

+Likely effective rent$3,240
HUD FMR$3,370
Market rentUsed$3,240
Est. payment standard (97%)$3,290
Market rent is below the inferred standard ($3,290, 97% of FMR).
-Principal and interest-$2,121
Loan amount$335,637
Down payment$83,909
Rate6.50%
Term30 years
-Operating costs-$919
Property taxes-$420
Insurance-$175
Utilities$0
HOA$0
Management-$324
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$51,484(61.4% ROI)
Projected value
$451,805
Current value$419,546
Return breakdown
Property appreciation+$32,259
Loan principal paid down+$12,025
Rental cash flow+$7,200
5-year hold
+$88,576(105.6% ROI)
Projected value
$474,678
Current value$419,546
Return breakdown
Property appreciation+$55,132
Loan principal paid down+$21,444
Rental cash flow+$12,000
10-year hold
+$192,605(229.5% ROI)
Projected value
$537,055
Current value$419,546
Return breakdown
Property appreciation+$117,508
Loan principal paid down+$51,097
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
1.40ratio
FMR$2,930
Market$2,100
vs market+$830

FMR is above market; underwrite to market rent.

90% standard$2,637 / 1.26 ratio110% standard$3,223 / 1.53 ratio
1.40
1 BR
1 BR
1.13ratio
FMR$3,020
Market$2,670
vs market+$350

FMR is above market; underwrite to market rent.

90% standard$2,718 / 1.02 ratio110% standard$3,322 / 1.24 ratio
1.13
2 BR
2 BR
1.04ratio
FMR$3,370
Market$3,240
vs market+$130

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

90% standard$3,033 / 0.94 ratio110% standard$3,707 / 1.14 ratio
1.04
3 BR
3 BR
1.00ratio
FMR$4,250
Market$4,230
vs market+$20

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

90% standard$3,825 / 0.90 ratio110% standard$4,675 / 1.11 ratio
1.00
4 BR
4 BR
1.02ratio
FMR$5,000
Market$4,920
vs market+$80

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

90% standard$4,500 / 0.91 ratio110% standard$5,500 / 1.12 ratio
1.02
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger 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 20818 (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.

20818 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 20818 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $3,370 and the 4 bedroom fair market rent is $5,000.

Use this page for searches like 20818 FMR, 20818 fair market rent, and 20818 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 20818
Bedroom sizeHUD FMR
Studio$2,930
1 bedroom$3,020
2 bedroom$3,370
3 bedroom$4,250
4 bedroom$5,000