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Housing market/Maryland/ZIP 20602

ACS 2023 · FY2027 SAFMR

ZIP 20602 Waldorf, Maryland

Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area · Maryland. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
29,425
Households
10,659
Median HH income
$108,733
Renter share
32.6%
Median gross rent
$1,803
Vacancy
2.2%
Pop. change
+12.8%
2BR SAFMR
$2,260
SAFMR / rent
1.253×
2–49 unit stock
2,047
LIHTC proj / units
5 / 546
HUD assisted MF
7 / 501

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 20602 · MD — sent to you.

ZIP 20602 · MD

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ACS rent vs 2BR SAFMR

ZIP 20602 — Waldorf, MD HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,803
2BR SAFMR$2,260
90% floor$2,034
110% ceiling$2,486

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 20602

  • 1-unit detached5,82953.5%
  • 1-unit attached2,57123.6%
  • 2–4 units4664.3%
  • 5–49 units1,58114.5%
  • 50+ units4424.1%
TypeUnitsShare
1-unit detached5,82953.5%
1-unit attached2,57123.6%
2 units (duplex)580.5%
3–4 units4083.7%
5–9 units3923.6%
10–19 units8127.5%
20–49 units3773.5%
50+ units4424.1%
Mobile00.0%

2–4 unit share 4.3% · 5–49 unit share 14.5% · combined 2–49 18.8%.

Units by bedrooms

Studio
203
1BR
611
2BR
1,800
3BR
4,738
4BR
2,886
5+
661

Rent burden

Rent ≥30% of income45.5%
Rent ≥50% of income20.3%
  • ACS median gross rent $1,803 (all bedrooms, occupied rentals).
  • Median contract rent $1,625.
  • Renters paying ≥30% of income 45.5%; ≥50% 20.3%.
  • FY2027 2BR SAFMR $2,260 (1.253× ACS median gross rent).

Population

29,425 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +12.8%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 5 projects, 546 units.
  • HUD project-based assisted MF: 7 properties, 501 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 20602 32.6% of occupied households are renters; vacancy is 2.2%; ACS median gross rent is $1,803; population increased +12.8% between the 2018 and 2023 ACS vintages; the housing stock includes 466 units in 2–4-unit structures and 1,581 units in 5–49-unit structures; 5 LIHTC projects totaling 546 units; FY2027 2BR SAFMR is $2,260 versus ACS median gross rent of $1,803. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Maryland research

ZIP 20602 is a Census / HUD profile for Washington-Arlington-Alexandria, DC-VA-MD, MD. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 20602 — Waldorf, MD HUD Section 8 Payment Standards / SAFMR·Maryland ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
20001Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area66.3%$2,464$3,43020002Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area62.8%$2,140$2,87020003Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area61.5%$2,630$3,66020004Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area59.2%$2,945$3,53020005Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area70.8%$2,223$3,15020006Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area91.9%$2,035$2,38020007Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area42.6%$2,066$2,61020008Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area64.4%$2,202$3,49020009Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area65.4%$2,346$3,66020010Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area60.1%$1,815$2,55020011Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area46.1%$1,636$2,20020012Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area37.2%$1,638$1,970

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Maryland research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 20602?

ZIP 20602 (Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area) has 29,425 residents, 10,659 households, a renter share of 32.6%, median household income of $108,733, and ACS 2023 median gross rent of $1,803. Vacancy is 2.2%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 20602?

ACS counts 58 units in 2-unit buildings, 408 in 3–4 unit buildings, 392 in 5–9, 812 in 10–19, and 377 in 20–49. Combined 2–49 unit stock is 2,047 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 20602?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,260. See the full schedule and 90–110% payment-standard band on the ZIP 20602 — Waldorf, MD HUD Section 8 Payment Standards / SAFMR.

Does this Maryland ZIP profile include Georgia listings?

No. ZIP 20602 is Census / HUD research for Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area. Jeff Crowe CRE does not list Maryland property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.