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20833

ZIPSAFMR
Montgomery County, MD

ZIP Investment Score

82Below average

095130300
BRFMR
Eff. Rent
0 BR$2,230$1,470
1 BR$2,330$1,600
2 BR$2,580$2,380
3 BR$3,290$3,110
4 BR$3,870$3,570
5 BR$4,451Not available
6 BR$5,118Not available
7 BR$5,886Not available
8 BR$6,769Not available

Purchase Price Calculator

Maximum purchase price
$291,751

Cost breakdown

+Likely effective rent$2,380
HUD FMR$2,580
Market rentUsed$2,380
Est. payment standard (95%)$2,450
-Principal and interest-$1,475
Loan amount$233,400
Down payment$58,350
Rate6.50%
Term30 years
-Operating costs-$705
Property taxes-$292
Insurance-$175
Utilities$0
HOA$0
Management-$238
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,995(65.1% ROI)
Projected value
$314,183
Return breakdown
Property appreciation+$22,433
Loan principal paid down+$8,362
Rental cash flow+$7,200
5-year hold
+$65,250(111.8% ROI)
Projected value
$330,089
Return breakdown
Property appreciation+$38,338
Loan principal paid down+$14,912
Rental cash flow+$12,000
10-year hold
+$141,247(242.1% ROI)
Projected value
$373,465
Return breakdown
Property appreciation+$81,715
Loan principal paid down+$35,533
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.52
1 BR
1.46
2 BR
1.08
3 BR
1.06
4 BR
1.08
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 20833 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20833 (Brookeville, MD) is $2,580 a month. That is up 2.0% from $2,530 in FY 2026. Brookeville 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, 20833 is tied for the 21st-highest two-bedroom rent (county range $1,200–$3,660). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 20833 is 38% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 20833
BedroomsFY 2027Change90–110% range
Studio$2,230+1.4%$2,007–$2,453
1BR$2,330+2.6%$2,097–$2,563
2BR$2,580+2.0%$2,322–$2,838
3BR$3,290+3.1%$2,961–$3,619
4BR$3,870+3.2%$3,483–$4,257

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 20833
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,230$2,330$2,580$3,290$3,870
FY 2026$2,200$2,270$2,530$3,190$3,750
FY 2025$2,350$2,400$2,700$3,380$3,980
FY 2024$2,130$2,170$2,460$3,060$3,630
FY 2023$1,950$1,980$2,260$2,870$3,430

Two-bedroom rent in nearby Montgomery County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 20833
20824$2,470−4.3%
20825$2,470−4.3%
20827$2,470−4.3%
20830$2,470−4.3%
20832$3,000+16.3%
20833Current$2,580—
20837$2,480−3.9%
20838$2,110−18.2%
20839$1,880−27.1%
20841$3,300+27.9%
20842$1,880−27.1%
20847$2,470−4.3%

Questions about ZIP 20833 rents

How much will Section 8 pay for a two-bedroom in ZIP 20833?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,580, that basic range is $2,322 to $2,838 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 20833 in?

ZIP 20833 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 20833 for FY 2027?

The two-bedroom FMR rose 2.0%, from $2,530 in FY 2026 to $2,580 in FY 2027. Since FY 2023 it has risen 14.2%.

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