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 |
ZIP code 20044, located within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, has a Fair Market Rent (FMR) of $1980 for fiscal year 2024. This figure places it below the typical range for FMRs in the broader metro area, which generally exceeds $1980. The absence of specific market rent and home value data for ZIP 20044 makes direct comparisons challenging, but we can infer that this ZIP code likely represents a value pocket within its metro.
The lack of available market rent data suggests that there might be limited private rental activity, possibly indicating a higher concentration of subsidized housing or other factors influencing the rental market. Similarly, the unavailability of home value data could point towards either a predominantly rental-focused area or an underreported residential property market.
A key factor in determining the attractiveness of ZIP 20044 for landlords and small-portfolio investors is the renter share, which is also not specified. However, if the area exhibits a high renter share with below-average home values, it would typically signal a favorable location for Section 8 properties. This scenario indicates a concentration of renters who may rely on government subsidies, making such neighborhoods attractive for landlords seeking stable long-term tenants through the Housing Choice Voucher program.
In summary, ZIP 20044 appears to be a value pocket within the Washington-Arlington-Alexandria metro, characterized by lower FMRs and potentially a higher reliance on subsidized housing. Landlords and small-portfolio investors should consider this ZIP code as a strategic investment opportunity, particularly for Section 8 properties, due to its alignment with the financial parameters of the voucher program.
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.