Location: Calvert County, MD | Metro: Calvert County, MD HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,210 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,550 |
| 3 Bedrooms | $2,150 |
| 4 Bedrooms | $2,430 |
| 5 Bedrooms | $2,819 |
| 6 Bedrooms | $3,157 |
| 7 Bedrooms | $3,410 |
| 8 Bedrooms | $3,581 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,150 | $529,262 | 0.41% | F |
| 4BR | $2,430 | $666,244 | 0.36% | F |
| 5BR | $2,819 | $763,293 | 0.37% | F |
U.S. Census Bureau data (2024)
ZIP 20639, located in Calvert County, Maryland, offers a unique opportunity for inclusion in a Section 8 portfolio strategy. This area serves best as an appreciation play, given the specific metrics provided.
The Fair Market Rent (FMR) for ZIP 20639 in fiscal year 2024 is set at $1,600, which is above the market rent of $1,512. This suggests that properties in this ZIP code can be rented out at rates slightly higher than the market average when participating in the Section 8 program. However, the key factor that makes this ZIP code an appreciation play is its low price-cut share and short days on market (DOM).
The price-cut share is only 0.2%, indicating that property values are stable and unlikely to require significant adjustments. This stability supports the potential for long-term appreciation, as property values are less likely to fluctuate due to market pressures. Additionally, the DOM of 35 days is relatively short, suggesting that properties in this area will sell quickly if needed, reducing holding costs and improving cash flow efficiency.
While the median home value in ZIP 20639 is high at $618,308, the median income of $161,422 ensures that there is sufficient financial capacity among residents to support property values. The 7.0% renter share indicates that most homeowners in the area own their homes, which can contribute to neighborhood stability and potentially higher property values over time.
In conclusion, ZIP 20639 is best suited as an appreciation play within a Section 8 portfolio strategy. Its combination of stable property values, quick sales, and high median income supports long-term growth potential without the risks associated with volatile markets. Landlords and small-portfolio investors should consider this ZIP code for properties that are expected to appreciate in value, providing a solid foundation for future wealth creation.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.