Skip to main content
Loading page
Montgomery County/Gaithersburg/20877

20877

ZIPSAFMR
Montgomery County, MD
Zillow

ZIP Investment Score

106Above average

095130300
BRFMR
Eff. Rent
0 BR$2,060$1,490
1 BR$2,150$1,840
2 BR$2,380$2,400
3 BR$3,030$2,690
4 BR$3,570$3,200
5 BR$4,106Not available
6 BR$4,721Not available
7 BR$5,430Not available
8 BR$6,244Not available

Purchase Price Calculator

Maximum purchase price
$294,723

Cost breakdown

+Likely effective rent$2,400
HUD FMR$2,380
Market rent$2,410
Est. payment standard (101%)Used$2,400
-Principal and interest-$1,490
Loan amount$235,778
Down payment$58,945
Rate6.50%
Term30 years
-Operating costs-$710
Property taxes-$295
Insurance-$175
Utilities$0
HOA$0
Management-$240
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$38,309(65.0% ROI)
Projected value
$317,384
Return breakdown
Property appreciation+$22,661
Loan principal paid down+$8,447
Rental cash flow+$7,200
5-year hold
+$65,793(111.6% ROI)
Projected value
$333,451
Return breakdown
Property appreciation+$38,729
Loan principal paid down+$15,064
Rental cash flow+$12,000
10-year hold
+$142,442(241.7% ROI)
Projected value
$377,270
Return breakdown
Property appreciation+$82,547
Loan principal paid down+$35,895
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.38
1 BR
1.17
2 BR
0.99
3 BR
1.13
4 BR
1.12
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 20877 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20877 (Gaithersburg, MD) is $2,380 a month. That is up 8.2% from $2,200 in FY 2026. Gaithersburg 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, 20877 has the 61st-highest two-bedroom rent (county range $1,200–$3,660). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 20877 is 27% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 20877
BedroomsFY 2027Change90–110% range
Studio$2,060+7.9%$1,854–$2,266
1BR$2,150+9.1%$1,935–$2,365
2BR$2,380+8.2%$2,142–$2,618
3BR$3,030+9.0%$2,727–$3,333
4BR$3,570+9.5%$3,213–$3,927

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 20877
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,060$2,150$2,380$3,030$3,570
FY 2026$1,910$1,970$2,200$2,780$3,260
FY 2025$1,910$1,950$2,200$2,750$3,240
FY 2024$1,720$1,750$1,980$2,460$2,920
FY 2023$1,560$1,590$1,810$2,260$2,700

Two-bedroom rent in nearby Montgomery County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 20877
20871$2,870+20.6%
20872$2,120−10.9%
20874$2,420+1.7%
20875$2,470+3.8%
20876$2,540+6.7%
20877Current$2,380—
20878$2,670+12.2%
20879$2,320−2.5%
20880$2,520+5.9%
20882$2,030−14.7%
20883$2,470+3.8%
20884$2,470+3.8%

Questions about ZIP 20877 rents

How much will Section 8 pay for a two-bedroom in ZIP 20877?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,380, that basic range is $2,142 to $2,618 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 20877 in?

ZIP 20877 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 20877 for FY 2027?

The two-bedroom FMR rose 8.2%, from $2,200 in FY 2026 to $2,380 in FY 2027. Since FY 2023 it has risen 31.5%.

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