FY2027 Small Area FMR · Laurel, MD

ZIP 20723 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 20723 (Laurel, MD) is $2,510 a month, up 8.2% from FY2026. That is 25% above the Baltimore-Columbia-Towson, MD area-wide FMR of $2,006.

2-bedroom SAFMR$2,510per month ▲ 8.2%

Area-wide 2 BR FMR$2,006Baltimore-Columbia-Towson, M

Rank in the area52ndof 191 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,259

2 BR Small Area FMR$2,510

110% of SAFMR$2,761

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,910▲ 12.4%

1 BR$2,030▲ 7.4%

2 BR$2,510▲ 8.2%

3 BR$3,140▲ 6.4%

4 BR$3,490▲ 7.1%

FY2027 FY2026

Where 20723 sits in the Baltimore-Columbia-Towson, MD area

Of the 191 ZIP codes HUD lists for the area, 20723 has the 52nd highest two-bedroom Small Area FMR. Baltimore-Columbia-Towson, MD is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $2,006 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,510 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,910	$1,719 – $2,101	$1,523	$1,700
1 bedroom	$2,030	$1,827 – $2,233	$1,625	$1,890
2 bedrooms	$2,510	$2,259 – $2,761	$2,006	$2,320
3 bedrooms	$3,140	$2,826 – $3,454	$2,509	$2,950
4 bedrooms	$3,490	$3,141 – $3,839	$2,789	$3,260

A household renting a two-bedroom home at the Small Area FMR of $2,510 needs about $100,400 a year to keep housing costs at 30% of income. The area median family income is $134,000 and the 80% low-income limit for four people is $106,800. ZIP code 20723 lies mainly in Howard County. See the Baltimore-Columbia-Towson, MD metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
20763	Savage	2.5 mi	$2,530
20707	Laurel	2.7 mi	$2,500
21046	Columbia	2.8 mi	$2,640
20759	Fulton	3.6 mi	$2,570
20794	Jessup	4.0 mi	$2,520
20866	Burtonsville	4.0 mi	$2,690

Questions

What is the Fair Market Rent for ZIP code 20723?

HUD's FY2027 Small Area Fair Market Rents for 20723 are $1,910 (studio), $2,030 (1 BR), $2,510 (2 BR), $3,140 (3 BR) and $3,490 (4 BR) a month.

What is the Section 8 payment standard in 20723?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 20723 that range is $2,259 to $2,761 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 20723?

The FY2026 income limits of the Baltimore-Columbia-Towson, MD area apply: median family income $134,000, low-income (80%) limit $106,800 for a family of four.