Montgomery County/Germantown/20876

20876

ZIPSAFMR

Montgomery County, MD

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ZIP Investment Score

113Above average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$2,200	$1,780	5.2%
1 BR	$2,300	$1,770	6.2%
2 BR	$2,540	$2,030	5.2%
3 BR	$3,240	$2,630	6.1%
4 BR	$3,810	$3,590	5.9%
5 BR	$4,382	Not available	5.9%
6 BR	$5,039	Not available	5.9%
7 BR	$5,795	Not available	5.9%
8 BR	$6,664	Not available	5.9%

Purchase Price Calculator

Maximum purchase price

$239,741

Cost breakdown

+Likely effective rent$2,030

HUD FMR$2,540

Market rentUsed$2,030

Est. payment standard (90%)$2,290

-Principal and interest-$1,212

Loan amount$191,793

Down payment$47,948

Rate6.50%

Term30 years

-Operating costs-$618

Property taxes-$240

Insurance-$175

Utilities$0

HOA$0

Management-$203

=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

+$32,505(67.8% ROI)

Projected value

$258,174

Return breakdown

Property appreciation+$18,434

Loan principal paid down+$6,871

Rental cash flow+$7,200

5-year hold

+$55,758(116.3% ROI)

Projected value

$271,245

Return breakdown

Property appreciation+$31,504

Loan principal paid down+$12,254

Rental cash flow+$12,000

10-year hold

+$120,346(251.0% ROI)

Projected value

$306,888

Return breakdown

Property appreciation+$67,148

Loan principal paid down+$29,198

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.24ratio

FMR$2,200

Market$1,780

vs market+$420

FMR is above market; underwrite to market rent.

1.24

1 BR

1.30ratio

FMR$2,300

Market$1,770

vs market+$530

FMR is above market; underwrite to market rent.

1.30

2 BR

1.25ratio

FMR$2,540

Market$2,030

vs market+$510

FMR is above market; underwrite to market rent.

1.25

3 BR

1.23ratio

FMR$3,240

Market$2,630

vs market+$610

FMR is above market; underwrite to market rent.

1.23

4 BR

1.06ratio

FMR$3,810

Market$3,590

vs market+$220

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

1.06

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 20876 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20876 (Germantown, MD) is $2,540 a month. That is up 6.3% from $2,390 in FY 2026. Germantown 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, 20876 is tied for the 23rd-highest two-bedroom rent (county range $1,200–$3,660). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 20876 is 35% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 20876
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$2,080	$2,200	+5.8%	$1,980–$2,420
1BR	$2,140	$2,300	+7.5%	$2,070–$2,530
2BR	$2,390	$2,540	+6.3%	$2,286–$2,794
3BR	$3,020	$3,240	+7.3%	$2,916–$3,564
4BR	$3,550	$3,810	+7.3%	$3,429–$4,191

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 20876
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$2,200	$2,300	$2,540	$3,240	$3,810
FY 2026	$2,080	$2,140	$2,390	$3,020	$3,550
FY 2025	$2,150	$2,190	$2,470	$3,090	$3,640
FY 2024	$1,890	$1,920	$2,180	$2,710	$3,210
FY 2023	$1,680	$1,700	$1,940	$2,430	$2,890

Two-bedroom rent in nearby Montgomery County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 20876
20868	$2,490	−2.0%
20871	$2,870	+13.0%
20872	$2,120	−16.5%
20874	$2,420	−4.7%
20875	$2,470	−2.8%
20876Current	$2,540	—
20877	$2,380	−6.3%
20878	$2,670	+5.1%
20879	$2,320	−8.7%
20880	$2,520	−0.8%
20882	$2,030	−20.1%
20883	$2,470	−2.8%

Questions about ZIP 20876 rents

How much will Section 8 pay for a two-bedroom in ZIP 20876?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,540, that basic range is $2,286 to $2,794 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 20876 in?

ZIP 20876 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 20876 for FY 2027?

The two-bedroom FMR rose 6.3%, from $2,390 in FY 2026 to $2,540 in FY 2027. Since FY 2023 it has risen 30.9%.

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