Section 8 Fair Market Rent (FMR) for ZIP 20781 - 2027

Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area

Investment Score for ZIP 20781

D
Monthly Rent (2BR)
$2,040
Median Price (2BR)
$282,942
1% Rule
0.72%
Annual Yield
8.65%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,770
1 Bedroom$1,840
2 Bedrooms$2,040
3 Bedrooms$2,600
4 Bedrooms$3,060
5 Bedrooms$3,550
6 Bedrooms$3,976
7 Bedrooms$4,294
8 Bedrooms$4,509

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $2,040 $282,942 0.72% D
3BR $2,600 $496,972 0.52% F
4BR $3,060 $515,290 0.59% F
5BR $3,550 $494,228 0.72% D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
13,352
Median Household Income
$86,018
Housing Units
4,659
Renter Percentage
45.5%
Occupancy Rate
95.4%
Renter Occupied
2,024

The economics of Section 8 in ZIP code 20781, located in Edmonston, MD, within Prince George's County, are straightforward. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this specific ZIP code for fiscal year 2024 is set at $1700. This means that the maximum amount a landlord can receive from the housing authority for a two-bedroom unit under a Section 8 voucher is $1700 per month.

Local market rents, as measured by ZORI (Zillow Observed Rent Index), run slightly higher at $1821 for a two-bedroom apartment in ZIP 20781. This difference highlights the importance of understanding how the voucher system works to ensure you are receiving the most favorable compensation.

A landlord's actual reimbursement from a Section 8 voucher involves several components. The tenant is responsible for paying a portion of the rent, typically around 30% of their income. For simplicity, let’s assume the tenant's portion is $510, which is based on a household income of $17,000 annually. In addition to the base rent, there are utility allowances that vary but can be estimated at $250 per month for a two-bedroom unit. These allowances cover electricity, gas, water, and sewer costs.

To calculate the total reimbursement a landlord would receive, add the tenant's contribution and the utility allowance to the SAFMR. Thus, the total reimbursement would be $510 (tenant portion) + $250 (utility allowance) + $1700 (SAFMR) = $2460. However, it's crucial to note that the housing authority will only pay up to the SAFMR of $1700 for the base rent. Therefore, the landlord must balance the tenant's payment and the utility allowance against the SAFMR cap.

In ZIP 20781, where the market rent is $1821, landlords may find themselves with a reimbursement gap. To determine this gap, subtract the SAFMR from the market rent: $1821 - $1700 = $121. This means landlords could face a shortfall of $121 per month if they rely solely on the Section 8 voucher program without adjusting for additional payments from tenants or utility allowances.

In summary, while the SAFMR provides a benchmark for rental subsidies, landlords in ZIP 20781 should be aware of the potential reimbursement gap of $121 for a two-bedroom unit when comparing the SAFMR to the local market rent. Understanding these dynamics is key to making informed decisions about participating in the Section 8 program.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.