Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,360 |
| 1 Bedroom | $2,460 |
| 2 Bedrooms | $2,720 |
| 3 Bedrooms | $3,470 |
| 4 Bedrooms | $4,080 |
| 5 Bedrooms | $4,733 |
| 6 Bedrooms | $5,301 |
| 7 Bedrooms | $5,725 |
| 8 Bedrooms | $6,011 |
2240 is the Fair Market Rent (FMR) for ZIP 20041 as of fiscal year 2024, indicating the baseline rental rate set by HUD for the area. This figure is crucial for landlords participating in the Section 8 program, as it dictates the maximum allowable rent for subsidized units.
Zillow reports 91 homes for sale in ZIP 20041, providing insight into the current residential real estate market. The presence of numerous listings suggests a competitive environment for potential buyers and sellers alike.
Trulia lists 9,443 rental properties available in ZIP 20041 and surrounding areas, underscoring the high demand for rental housing in the region. This abundance of rental options can influence market dynamics and potentially impact rental prices.
According to ZIP Codes, the 20041 ZIP code in Washington, DC, supports 76 businesses through its PO Box facility. This business density can affect local property values and rental rates, making it an important consideration for investors.
The lack of specific market rent, median home value, renter share, median income, days on market (DOM), and price-cut share data for ZIP 20041 highlights the unique nature of this postal zone, which primarily functions as a PO Box service rather than a residential area. However, the surrounding regions likely provide similar metrics that can inform investment decisions.
In conclusion, the $2240 FMR for ZIP 20041 presents a clear benchmark for landlords and investors considering participation in the Section 8 program. With a robust rental market and significant business activity, the area offers solid potential for those looking to invest in affordable housing solutions.
Section 8 Verdict: Suitable for landlords seeking stable, government-backed rental income.
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.