21762

ZIPSAFMR

Frederick County, MD

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,450	$1,600	6.5%
1 BR	$1,530	$1,680	6.4%
2 BR	$1,760	$1,940	5.9%
3 BR	$2,210	$2,430	5.9%
4 BR	$2,560	$2,820	5.5%
5 BR	$2,944	Not available	5.5%
6 BR	$3,386	Not available	5.5%
7 BR	$3,893	Not available	5.5%
8 BR	$4,477	Not available	5.5%

Purchase Price Calculator

Maximum purchase price

$226,367

Cost breakdown

+Likely effective rent$1,940

HUD FMR$1,760

Market rent$2,290

Est. payment standard (110%)Used$1,940

-Principal and interest-$1,145

Loan amount$181,093

Down payment$45,273

Rate6.50%

Term30 years

-Operating costs-$595

Property taxes-$226

Insurance-$175

Utilities$0

HOA$0

Management-$194

=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

+$31,094(68.7% ROI)

Projected value

$243,772

Return breakdown

Property appreciation+$17,405

Loan principal paid down+$6,488

Rental cash flow+$7,200

5-year hold

+$53,317(117.8% ROI)

Projected value

$256,113

Return breakdown

Property appreciation+$29,746

Loan principal paid down+$11,570

Rental cash flow+$12,000

10-year hold

+$114,971(253.9% ROI)

Projected value

$289,769

Return breakdown

Property appreciation+$63,402

Loan principal paid down+$27,569

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.59ratio

FMR$1,450

Market$2,470

vs market-$1,020

FMR is below market; voucher rent may lag private rents.

0.59

1 BR

0.71ratio

FMR$1,530

Market$2,140

vs market-$610

FMR is below market; voucher rent may lag private rents.

0.71

2 BR

0.77ratio

FMR$1,760

Market$2,290

vs market-$530

FMR is below market; voucher rent may lag private rents.

0.77

3 BR

0.80ratio

FMR$2,210

Market$2,750

vs market-$540

FMR is below market; voucher rent may lag private rents.

0.80

4 BR

0.81ratio

FMR$2,560

Market$3,150

vs market-$590

FMR is below market; voucher rent may lag private rents.

0.81

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 21762 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21762 (Libertytown, MD) is $1,760 a month. That is up 10.7% from $1,590 in FY 2026. Libertytown 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 36 ZIP codes in Frederick County, 21762 has the 21st-highest two-bedroom rent (county range $1,260–$3,140). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21762 is 6% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21762
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,300	$1,450	+11.5%	$1,305–$1,595
1BR	$1,370	$1,530	+11.7%	$1,377–$1,683
2BR	$1,590	$1,760	+10.7%	$1,584–$1,936
3BR	$2,010	$2,210	+10.0%	$1,989–$2,431
4BR	$2,310	$2,560	+10.8%	$2,304–$2,816

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21762
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,450	$1,530	$1,760	$2,210	$2,560
FY 2026	$1,300	$1,370	$1,590	$2,010	$2,310
FY 2025	$1,280	$1,350	$1,570	$1,980	$2,300
FY 2024	$1,200	$1,270	$1,480	$1,860	$2,180
FY 2023	$1,040	$1,100	$1,290	$1,640	$1,920

Two-bedroom rent in nearby Frederick County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 21762
21754	$2,920	+65.9%
21755	$1,500	−14.8%
21757	$1,650	−6.2%
21758	$2,040	+15.9%
21762Current	$1,760	—
21769	$1,950	+10.8%
21770	$2,550	+44.9%
21771	$2,580	+46.6%
21773	$2,080	+18.2%
21774	$2,960	+68.2%
21776	$1,560	−11.4%
21777	$1,820	+3.4%

Questions about ZIP 21762 rents

How much will Section 8 pay for a two-bedroom in ZIP 21762?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,760, that basic range is $1,584 to $1,936 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 21762 in?

ZIP 21762 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 21762 for FY 2027?

The two-bedroom FMR rose 10.7%, from $1,590 in FY 2026 to $1,760 in FY 2027. Since FY 2023 it has risen 36.4%.

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