Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,660 |
| 1 Bedroom | $2,780 |
| 2 Bedrooms | $3,070 |
| 3 Bedrooms | $3,910 |
| 4 Bedrooms | $4,610 |
| 5 Bedrooms | $5,348 |
| 6 Bedrooms | $5,990 |
| 7 Bedrooms | $6,469 |
| 8 Bedrooms | $6,792 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 20052 in fiscal year 2024 is set at $2370. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for the Section 8 program, which means it's the maximum amount that HUD will pay toward your tenant's rent. However, this is not the amount your tenant will pay; they are required to contribute 30% of their adjusted income towards rent.
In ZIP 20052, the FMR is the benchmark for determining the rent you can charge under the Section 8 program. If your property's rent exceeds $2370, you may have difficulty finding tenants through this program. Conversely, if your rent is below this threshold, you're more likely to attract tenants.
Local market rents are currently unavailable, but the FMR provides a useful reference point. Assuming a 100% renter share, this implies strong demand for rental properties in the area, as the FMR closely aligns with what renters might be willing to pay. For context, the median home value in ZIP 20052 is also not available, but this doesn't necessarily affect the rental market dynamics.
The acquisition cost of properties in this ZIP code is similarly not provided, but you can use the FMR as a guidepost when evaluating potential investments. A property that costs significantly less to acquire and maintain than the FMR could be a good deal, assuming you can manage the property effectively and meet all Section 8 requirements.
Before committing to a Section 8 rental, verify that your property meets all local housing quality standards (HQS). These standards ensure that the unit is safe, decent, and sanitary for occupancy, and failing to meet them can result in non-payment or termination of the contract.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
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.