Location: St. Mary's County, MD | Metro: St. Mary's 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 | $1,330 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,250 | $478,922 | 0.47% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 20684 is poised for a period of stability and cautious optimism over the next 12 to 24 months, given the median home value stands at $467,811. This figure reflects a balanced market where neither buyers nor sellers hold overwhelming leverage. The fact that the percentage of listings reduced and the median days on market (DOM) are currently unavailable suggests a market that is neither experiencing rapid price adjustments nor prolonged periods of unsold inventory, both of which could indicate either a buyer's or seller's market.
The Federal Market Rent (FMR) for ZIP 20684 is set at $1560 for fiscal year 2024, providing a benchmark for rental income potential. However, the absence of specific market rent data leaves some uncertainty regarding how closely the actual rents align with the FMR. In the context of long-term investment, the median home value and the FMR suggest a market where rental properties can maintain steady cash flows, assuming they are priced appropriately relative to the FMR.
Long-hold investors in ZIP 20684 can anticipate a realistic appreciation thesis based on the current median home value. Historically, areas with stable median home values tend to follow broader regional trends. If the broader region shows signs of economic growth or increased demand for housing, this could translate into gradual appreciation in property values. However, without specific data on local economic indicators or population growth, the setup for appreciation remains tied to broader trends rather than local factors alone.
To summarize, the current median home value and FMR provide a foundation for steady investment returns through rental income. The lack of significant price reductions and extended DOM periods suggests a market that will likely remain stable, with opportunities for appreciation dependent on external economic factors affecting the area.
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.