FY2027 Small Area FMR · Laurel, MD

ZIP 20724 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 20724 (Laurel, MD) is $2,840 a month, up 8.8% from FY2026. That is 42% above the Baltimore-Columbia-Towson, MD area-wide FMR of $2,006.

2-bedroom SAFMR$2,840per month ▲ 8.8%

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

Rank in the area10thof 191 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,556

2 BR Small Area FMR$2,840

110% of SAFMR$3,124

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

Studio$2,160▲ 13.1%

1 BR$2,300▲ 8.5%

2 BR$2,840▲ 8.8%

3 BR$3,550▲ 7.3%

4 BR$3,950▲ 7.6%

FY2027 FY2026

Where 20724 sits in the Baltimore-Columbia-Towson, MD area

Of the 191 ZIP codes HUD lists for the area, 20724 has the 10th 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 $2,840 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	$2,160	$1,944 – $2,376	$1,523	$1,910
1 bedroom	$2,300	$2,070 – $2,530	$1,625	$2,120
2 bedrooms	$2,840	$2,556 – $3,124	$2,006	$2,610
3 bedrooms	$3,550	$3,195 – $3,905	$2,509	$3,310
4 bedrooms	$3,950	$3,555 – $4,345	$2,789	$3,670

A household renting a two-bedroom home at the Small Area FMR of $2,840 needs about $113,600 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 20724 lies mainly in Anne Arundel 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
20701	Annapolis Junction	2.0 mi	$2,710
20763	Savage	2.5 mi	$2,530
20755	Fort George G Meade	3.1 mi	$2,780
20794	Jessup	3.5 mi	$2,520
20708	Laurel	3.8 mi	$2,330
20707	Laurel	4.1 mi	$2,500

Questions

What is the Fair Market Rent for ZIP code 20724?

HUD's FY2027 Small Area Fair Market Rents for 20724 are $2,160 (studio), $2,300 (1 BR), $2,840 (2 BR), $3,550 (3 BR) and $3,950 (4 BR) a month.

What is the Section 8 payment standard in 20724?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 20724 that range is $2,556 to $3,124 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 20724?

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.