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Washington County/Williamsport/21795

21795

ZIPSAFMR
Washington County, MD
Zillow

ZIP Investment Score

70Below average

095130300
BRFMR
Eff. Rent
0 BR$920$1,010
1 BR$1,010$1,070
2 BR$1,320$1,450
3 BR$1,760$1,860
4 BR$1,980$2,180
5 BR$2,277Not available
6 BR$2,619Not available
7 BR$3,011Not available
8 BR$3,463Not available

Purchase Price Calculator

Maximum purchase price
$153,553

Cost breakdown

+Likely effective rent$1,450
HUD FMR$1,320
Market rent$1,580
Est. payment standard (110%)Used$1,450
-Principal and interest-$776
Loan amount$122,842
Down payment$30,711
Rate6.50%
Term30 years
-Operating costs-$474
Property taxes-$154
Insurance-$175
Utilities$0
HOA$0
Management-$145
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,408(76.2% ROI)
Projected value
$165,360
Return breakdown
Property appreciation+$11,807
Loan principal paid down+$4,401
Rental cash flow+$7,200
5-year hold
+$40,027(130.3% ROI)
Projected value
$173,731
Return breakdown
Property appreciation+$20,178
Loan principal paid down+$7,848
Rental cash flow+$12,000
10-year hold
+$85,709(279.1% ROI)
Projected value
$196,561
Return breakdown
Property appreciation+$43,008
Loan principal paid down+$18,701
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.75
1 BR
0.92
2 BR
0.84
3 BR
0.92
4 BR
0.80
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 21795 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 21795 (Williamsport, MD) is $1,320 a month. That is up 3.9% from $1,270 in FY 2026. Williamsport 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, 21795 is tied for the 11th-highest two-bedroom rent (county range $1,140–$2,040). The median county two-bedroom FMR in Maryland is $1,875, so ZIP 21795 is 30% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 21795
BedroomsFY 2027Change90–110% range
Studio$920+4.5%$828–$1,012
1BR$1,010+4.1%$909–$1,111
2BR$1,320+3.9%$1,188–$1,452
3BR$1,760+2.9%$1,584–$1,936
4BR$1,980+3.7%$1,782–$2,178

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 21795
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$920$1,010$1,320$1,760$1,980
FY 2026$880$970$1,270$1,710$1,910
FY 2025$840$940$1,230$1,690$1,880
FY 2024$820$920$1,210$1,690$1,870
FY 2023$700$800$1,040$1,480$1,650

Two-bedroom rent in nearby Washington County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 21795
21750$1,160−12.1%
21755$1,500+13.6%
21756$1,570+18.9%
21758$2,040+54.5%
21767$1,140−13.6%
21769$1,950+47.7%
21779$1,710+29.5%
21780$1,520+15.2%
21781$1,260−4.5%
21782$1,270−3.8%
21783$1,260−4.5%
21795Current$1,320—

Questions about ZIP 21795 rents

How much will Section 8 pay for a two-bedroom in ZIP 21795?

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 $1,320 it would be $1,188 to $1,452. 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 21795 in?

ZIP 21795 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 21795 for FY 2027?

The two-bedroom FMR rose 3.9%, from $1,270 in FY 2026 to $1,320 in FY 2027. Since FY 2023 it has risen 26.9%.

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