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21715

ZIPSAFMR
Washington County, MD
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,670$1,840
1 BR$1,760$1,940
2 BR$2,040$2,230
3 BR$2,640$2,460
4 BR$3,060$2,610
5 BR$3,519Not available
6 BR$4,047Not available
7 BR$4,654Not available
8 BR$5,352Not available

Purchase Price Calculator

Maximum purchase price
$269,461

Cost breakdown

+Likely effective rent$2,230
HUD FMR$2,040
Market rent$2,330
Est. payment standard (109%)Used$2,230
-Principal and interest-$1,363
Loan amount$215,568
Down payment$53,892
Rate6.50%
Term30 years
-Operating costs-$667
Property taxes-$269
Insurance-$175
Utilities$0
HOA$0
Management-$223
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,642(66.1% ROI)
Projected value
$290,180
Return breakdown
Property appreciation+$20,719
Loan principal paid down+$7,723
Rental cash flow+$7,200
5-year hold
+$61,182(113.5% ROI)
Projected value
$304,870
Return breakdown
Property appreciation+$35,409
Loan principal paid down+$13,773
Rental cash flow+$12,000
10-year hold
+$132,290(245.5% ROI)
Projected value
$344,932
Return breakdown
Property appreciation+$75,472
Loan principal paid down+$32,818
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.76
1 BR
0.81
2 BR
0.88
3 BR
1.07
4 BR
1.17
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 21715 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21715 (Brownsville, MD) is $2,040 a month. That is up 6.3% from $1,920 in FY 2026. Brownsville is in the Hagerstown, MD HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,284. Among 23 ZIP codes in Washington County, 21715 is tied for the highest two-bedroom rent (county range $1,140–$2,040). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21715 is 9% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21715
BedroomsFY 2027Change90–110% range
Studio$1,670+7.1%$1,503–$1,837
1BR$1,760+7.3%$1,584–$1,936
2BR$2,040+6.3%$1,836–$2,244
3BR$2,640+6.9%$2,376–$2,904
4BR$3,060+7.0%$2,754–$3,366

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21715
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,670$1,760$2,040$2,640$3,060
FY 2026$1,560$1,640$1,920$2,470$2,860
FY 2025$850$950$1,240$1,710$1,900
FY 2024$830$940$1,230$1,720$1,900
FY 2023$710$820$1,060$1,510$1,680

Two-bedroom rent in nearby Washington County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 21715
21711$1,140−44.1%
21713$1,350−33.8%
21715Current$2,040—
21719$1,360−33.3%
21720$1,280−37.3%
21722$1,140−44.1%
21733$1,320−35.3%
21734$1,140−44.1%
21740$1,260−38.2%
21742$1,480−27.5%
21746$1,260−38.2%
21750$1,160−43.1%

Questions about ZIP 21715 rents

How much will Section 8 pay for a two-bedroom in ZIP 21715?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,284, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,156 to $1,412 a month; under the ZIP-level Small Area FMR of $2,040 it would be $1,836 to $2,244. 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 21715 in?

ZIP 21715 is in the Hagerstown, MD HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,284.

How much did fair market rent change in ZIP 21715 for FY 2027?

The two-bedroom FMR rose 6.3%, from $1,920 in FY 2026 to $2,040 in FY 2027. Since FY 2023 it has risen 92.5%.

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