Location: St. Mary's County, MD | Metro: St. Mary's County, MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,330 |
| 1 Bedroom | $1,640 |
| 2 Bedrooms | $1,790 |
| 3 Bedrooms | $2,250 |
| 4 Bedrooms | $2,860 |
| 5 Bedrooms | $3,318 |
| 6 Bedrooms | $3,716 |
| 7 Bedrooms | $4,013 |
| 8 Bedrooms | $4,214 |
U.S. Census Bureau data (2024)
The ZIP code 20630 is located in a high-end residential area of McLean, Virginia, which is part of the affluent suburbs surrounding Washington D.C. With a total population of only 559 residents, it's clear that this is a small, exclusive neighborhood where the majority of homes are owner-occupied. The percentage of renters is relatively low at 24.9%, indicating that the community leans heavily towards homeownership. This exclusivity is reflected in the median household income, which stands at a robust $233,411, placing it well above the national average. The median home value in this ZIP code is also impressively high at $640,142, further underscoring the luxury nature of the housing market here.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 20630 as of the fiscal year 2024 is set at $1680. However, the lack of data on market rent suggests that rental properties are scarce, making it challenging to gauge the actual market rates. Given the high median income and home values, it's reasonable to infer that any rental property would command a premium, likely exceeding the FMR significantly.
Considering these factors, ZIP 20630 is more suited for a hands-on value-add buyer rather than a hands-off voucher operator. The scarcity of rental units and the high-income demographic mean that there is limited demand for subsidized housing. Landlords and small-portfolio investors looking to capitalize on this market should focus on adding value through renovations or strategic positioning of their properties to attract high-paying tenants. The potential for appreciation in property value, given the affluent surroundings and strong economic indicators, makes this a prime location for active management and long-term investment strategies.
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.