20903
ZIPSAFMR
Montgomery County, MD
BRFMR
Eff. Rent
0 BR$1,860$1,340
1 BR$1,920$1,690
2 BR$2,140$2,170
3 BR$2,700$2,780
4 BR$3,170$3,250
5 BR$3,645
6 BR$4,192
7 BR$4,821
8 BR$5,544

Purchase Price Calculator

Maximum purchase price
$260,545

Cost breakdown

+Likely effective rent$2,170
HUD FMR$2,140
Market rent$2,190
Est. payment standard (102%)Used$2,170
Estimated payment standard is $2,170 (102% of FMR).
-Principal and interest-$1,317
Loan amount$208,436
Down payment$52,109
Rate6.50%
Term30 years
-Operating costs-$653
Property taxes-$261
Insurance-$175
Utilities$0
HOA$0
Management-$217
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,701(66.6% ROI)
Projected value
$280,578
Current value$260,545
Return breakdown
Property appreciation+$20,033
Loan principal paid down+$7,468
Rental cash flow+$7,200
5-year hold
+$59,555(114.3% ROI)
Projected value
$294,782
Current value$260,545
Return breakdown
Property appreciation+$34,238
Loan principal paid down+$13,317
Rental cash flow+$12,000
10-year hold
+$128,707(247.0% ROI)
Projected value
$333,519
Current value$260,545
Return breakdown
Property appreciation+$72,975
Loan principal paid down+$31,732
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
1.39ratio
FMR$1,860
Market$1,340
vs market+$520

FMR is above market; underwrite to market rent.

90% standard$1,674 / 1.25 ratio110% standard$2,046 / 1.53 ratio
1.39
1 BR
1 BR
1.14ratio
FMR$1,920
Market$1,690
vs market+$230

FMR is above market; underwrite to market rent.

90% standard$1,728 / 1.02 ratio110% standard$2,112 / 1.25 ratio
1.14
2 BR
2 BR
0.98ratio
FMR$2,140
Market$2,190
vs market-$50

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

90% standard$1,926 / 0.88 ratio110% standard$2,354 / 1.07 ratio
0.98
3 BR
3 BR
0.96ratio
FMR$2,700
Market$2,820
vs market-$120

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

90% standard$2,430 / 0.86 ratio110% standard$2,970 / 1.05 ratio
0.96
4 BR
4 BR
0.96ratio
FMR$3,170
Market$3,300
vs market-$130

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

90% standard$2,853 / 0.86 ratio110% standard$3,487 / 1.06 ratio
0.96
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 20903 (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.

20903 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 20903 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,140 and the 4 bedroom fair market rent is $3,170.

Use this page for searches like 20903 FMR, 20903 fair market rent, and 20903 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 20903
Bedroom sizeHUD FMR
Studio$1,860
1 bedroom$1,920
2 bedroom$2,140
3 bedroom$2,700
4 bedroom$3,170