Location: Calvert County, MD | Metro: Baltimore-Columbia-Towson, MD MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,550 |
| 1 Bedroom | $1,570 |
| 2 Bedrooms | $1,990 |
| 3 Bedrooms | $2,730 |
| 4 Bedrooms | $3,080 |
| 5 Bedrooms | $3,573 |
| 6 Bedrooms | $4,002 |
| 7 Bedrooms | $4,322 |
| 8 Bedrooms | $4,538 |
U.S. Census Bureau data (2024)
The ZIP code 20758 stands out due to its unique demographic and economic characteristics. With a population of 714 residents, it has no recorded instances of rental properties, indicating that all housing units are owner-occupied. The median income in this area is exceptionally high at $240,847, reflecting a community with significant financial stability. Similarly, the median home value is notably high at $643,156, suggesting a robust local real estate market.
Moving to the specifics of Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 20758 is set at $2050 for fiscal year 2024. However, the absence of rental data means that there is no market rent comparison available, making it challenging to assess the relative value of these vouchers against actual rental rates. Given the lack of rental properties, the relevance of Section 8 vouchers in this context is minimal, as they are primarily designed to support tenants in finding affordable housing.
The data signature for ZIP 20758 reads as "stable." The high median income and median home values suggest a mature and affluent neighborhood where homeownership is the norm and the local economy is strong. Without any indication of fluctuating rents or a changing housing landscape, it's reasonable to conclude that this ZIP code will likely continue to maintain its status quo, providing consistent returns for those who own property here.
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.