Location: St. Mary's County, MD | Metro: St. Mary's County, MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,270 |
| 1 Bedroom | $1,570 |
| 2 Bedrooms | $1,710 |
| 3 Bedrooms | $2,150 |
| 4 Bedrooms | $2,730 |
| 5 Bedrooms | $3,167 |
| 6 Bedrooms | $3,547 |
| 7 Bedrooms | $3,831 |
| 8 Bedrooms | $4,023 |
U.S. Census Bureau data (2024)
The ZIP code 20667 has a population of 150, with 0.0% of residents being renters. This indicates that the area is predominantly composed of homeowners rather than renters. As a result, the demand for rental properties using Section 8 vouchers is likely to be very low.
The median household income for this ZIP code is not available, which makes it challenging to accurately assess the financial situation of potential tenants. However, without this information, we can still analyze the rental market dynamics based on the given data.
The market rent for the area is also marked as N/A, suggesting that there might not be enough rental units to establish a clear benchmark for average rents. Nonetheless, we can compare the available information with the Fair Market Rent (FMR) figure of $1720, which is the amount set by HUD for FY 2024 for this ZIP code. This FMR represents the maximum amount that landlords can charge their Section 8 tenants.
In an area where the majority of residents own homes, the presence of Section 8 tenants would be minimal. Landlords in ZIP 20667 should expect to see very few applications from tenants relying on housing vouchers. The scarcity of both rental data and income figures makes it difficult to determine the exact percentage of income that typical rent consumes, but given the low rental rate, it's safe to assume that the overall rental demand is weak.
To conclude, landlords in ZIP 20667 should anticipate a tenant pool that is largely non-existent for Section 8 vouchers due to the extremely low percentage of renters in the area. The focus should be on attracting tenants who are not dependent on government assistance, as the homeowner-dominated environment suggests a limited number of individuals seeking subsidized housing options.
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.