Location: St. Mary's County, MD | Metro: St. Mary's County, MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,670 |
| 1 Bedroom | $2,060 |
| 2 Bedrooms | $2,240 |
| 3 Bedrooms | $2,810 |
| 4 Bedrooms | $3,580 |
| 5 Bedrooms | $4,153 |
| 6 Bedrooms | $4,651 |
| 7 Bedrooms | $5,023 |
| 8 Bedrooms | $5,274 |
U.S. Census Bureau data (2024)
ZIP code 20670 is situated within the St. Mary's County, MD HUD Metro FMR Area. Its Fair Market Rent (FMR) for fiscal year 2024 is set at $2170, which aligns closely with the average market rent of $2,292. The absence of home value data suggests that this area might be predominantly rental-focused rather than owner-occupied.
The 100.0% renter share indicates that every household in this ZIP code rents their residence. This characteristic is indicative of a value pocket within the broader metro area. Value pockets are typically areas where the rental market is strong and the percentage of renters is high, but the overall property values remain relatively low compared to other ZIP codes within the same metro area. This makes it an attractive location for landlords and small-portfolio investors seeking stable rental income.
In contrast to ZIP 20670, typical ZIP codes within the St. Mary's County, MD HUD Metro FMR Area would likely have a mix of homeowners and renters, with FMRs and market rents that vary around the $2,292 average. However, given the specific figures for ZIP 20670, we can infer that it stands out due to its high renter concentration and slightly below-average FMR, suggesting it could be a particularly lucrative investment area for those interested in properties eligible for Section 8 subsidies.
A high renter share combined with below-metro home values often signals a sweet spot for Section 8 investments, as it means there is a significant demand for affordable housing in rental form. This ZIP code appears to meet that criterion, making it a prime target for investors looking to capitalize on the robust rental market without the complications associated with higher property values.
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.