Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,080 |
| 1 Bedroom | $2,170 |
| 2 Bedrooms | $2,400 |
| 3 Bedrooms | $3,060 |
| 4 Bedrooms | $3,600 |
| 5 Bedrooms | $4,176 |
| 6 Bedrooms | $4,677 |
| 7 Bedrooms | $5,051 |
| 8 Bedrooms | $5,304 |
The ZIP code 20013 in Washington D.C. presents a unique challenge for real estate analysis due to the lack of specific demographic data. However, we can still make informed observations based on the available information about Section 8 housing vouchers and market rents.
Section 8 tenants rely on federal housing assistance to cover a portion of their rent. In ZIP 20013, the Fair Market Rent (FMR) for FY 2024 stands at $1980. This figure is crucial for understanding the rental market dynamics in this area, especially for those who depend on housing vouchers.
Without precise percentages of renters versus homeowners, it's difficult to definitively state whether this is a renter-heavy or homeowner-dominated area. However, given that Washington D.C. generally has a high percentage of renters city-wide, it's reasonable to assume that 20013 also leans towards being a renter-heavy zone. The scarcity of specific data points about voucher usage suggests that while there might be a significant number of Section 8 tenants, their exact proportion is unclear.
To connect income levels with market rents, we must consider the FMR as a benchmark. If typical market rents exceed $1980, then they represent a higher financial burden relative to the incomes supported by vouchers. Landlords should anticipate that their tenants will likely require assistance covering the difference between the FMR and actual market rents, which could vary widely depending on property type and location within the ZIP.
The kind of tenant profile a landlord should expect in 20013 includes individuals and families who qualify for and utilize Section 8 vouchers. These tenants will have a maximum allowable rent based on the FMR, and landlords must ensure their properties meet the necessary standards to participate in the program. It's essential to prepare for the administrative requirements of accepting voucher holders, including regular inspections and rent subsidies that are directly tied to the government's determined FMR.
In summary, ZIP 20013 appears to be an area with potential for Section 8 tenants, but the exact demand and proportion of voucher users remain uncertain without detailed local data. Landlords should be prepared for a tenant base that requires federal housing assistance and operates within the constraints set by the FMR of $1980 for FY 2024.
Data Sources: FMR data from HUD (2027).
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.