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 | $1,650 |
| 2 Bedrooms | $1,790 |
| 3 Bedrooms | $2,250 |
| 4 Bedrooms | $2,870 |
| 5 Bedrooms | $3,329 |
| 6 Bedrooms | $3,728 |
| 7 Bedrooms | $4,026 |
| 8 Bedrooms | $4,227 |
U.S. Census Bureau data (2024)
The rent math in ZIP 20660, located in St. Mary's County, MD, does not work favorably for landlords based on the available data. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1760. However, the absence of market rent data makes it impossible to determine if this figure aligns with what tenants are willing to pay.
Regarding acquisition affordability, the lack of specific data points such as median home value, days on market (DOM), and percentage of homes that have been subject to price cuts hinders a comprehensive analysis. Without these details, it's challenging to assess the financial feasibility of purchasing properties in this ZIP code.
Tenant demand is also uncertain in ZIP 20660. With a population of 14 and a 0.0% renter share, it's evident that the area has a very limited number of potential renters. This suggests that finding tenants who qualify for Section 8 housing vouchers could be difficult due to the low population and minimal interest in renting.
In summary, ZIP 20660 presents significant challenges for landlords and small-portfolio investors interested in Section 8 properties. The lack of market rent data means that the $1760 FMR may not accurately reflect tenant willingness to pay. Additionally, the limited population and zero percent renter share indicate low demand for rental properties, which could result in prolonged vacancies and difficulty in attracting eligible tenants. Given these factors, investment in this area is not advisable without further detailed local market analysis.
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.