Section 8 Fair Market Rent (FMR) for ZIP 20033 - 2027

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

FY 2027 Fair Market Rent Rates

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 20033, located in Washington D.C., is a vibrant area known for its proximity to government institutions and cultural landmarks, making it a desirable location for both residents and investors. The mix of urban living and access to amenities provides a strong foundation for rental properties.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 20033 for fiscal year 2024 is set at $1980, reflecting the local housing market's pricing standards.
Market rent data is currently unavailable for this specific ZIP code, indicating a need for further research into local rental trends.
The median home value is also not available, suggesting that the area may be dominated by rentals rather than owner-occupied homes.
The percentage of renter-occupied households is not specified, but given the nature of the area, it is likely high due to the transient population often associated with government work.
The Days on Market (DOM) for listings is not available, which could imply either a fast-moving market or limited recent sales activity.
Median household income data is not available, though it is reasonable to assume higher incomes due to the area's ties to government and professional services.

In summary, ZIP 20033 presents a solid investment opportunity for rental properties, with the Fair Market Rent providing a benchmark for pricing. However, the lack of specific data points such as market rent, median home values, and income levels means investors should conduct thorough local market research before making decisions. The area's characteristics suggest a robust rental market, particularly appealing to short-term tenants and professionals working in the region.

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.