Location: St. Mary's County, MD | Metro: St. Mary's County, MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,260 |
| 1 Bedroom | $1,510 |
| 2 Bedrooms | $1,650 |
| 3 Bedrooms | $2,040 |
| 4 Bedrooms | $2,610 |
| 5 Bedrooms | $3,028 |
| 6 Bedrooms | $3,391 |
| 7 Bedrooms | $3,662 |
| 8 Bedrooms | $3,845 |
U.S. Census Bureau data (2024)
ZIP 20621, located within St. Mary's County, MD, falls under the HUD Metro FMR Area designation and presents a unique opportunity for inclusion in a Section 8 portfolio strategy. The area's Fair Market Rent (FMR) for FY 2024 stands at $1610, which can be used to gauge the property's potential as a cash-flow anchor. Given that the market rent data is currently unavailable, the FMR provides a reliable benchmark for rental income expectations.
The median home value in ZIP 20621 is $370,059, indicating a relatively stable housing market. However, without specific market rent figures, it's challenging to determine the exact spread between the FMR and market rents. This makes ZIP 20621 best suited as a cash-flow anchor within a Section 8 portfolio. Landlords and small-portfolio investors can rely on the FMR to ensure steady and predictable rental income, which is crucial for maintaining financial stability.
Furthermore, the lack of data on the percentage of price-cut share and days on market (DOM) suggests limited volatility in the local real estate market. This further supports the idea of using properties in this ZIP code as anchors for cash flow. With a 0.0% renter share, it's clear that the majority of residents are homeowners, reducing competition from other rental properties and making the FMR an even more reliable indicator of rental income.
While the median income figure is also not available, the combination of a stable median home value and predictable rental income through the FMR framework makes ZIP 20621 an ideal candidate for anchoring cash flow in a Section 8 portfolio. This ZIP code should not be considered primarily for its potential for rapid appreciation or as a diversifier due to the low renter share and lack of detailed market performance indicators.
In conclusion, ZIP 20621 serves best as a cash-flow anchor in a Section 8 portfolio strategy. Its reliance on the FMR of $1610 for FY 2024 and the absence of significant market volatility make it a secure choice for generating consistent rental income.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.