Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,260 |
| 1 Bedroom | $2,360 |
| 2 Bedrooms | $2,610 |
| 3 Bedrooms | $3,330 |
| 4 Bedrooms | $3,920 |
| 5 Bedrooms | $4,547 |
| 6 Bedrooms | $5,093 |
| 7 Bedrooms | $5,500 |
| 8 Bedrooms | $5,775 |
U.S. Census Bureau data (2024)
The market dynamics in ZIP 20057 reveal a scenario where demand is likely outpacing supply, given the Fair Market Rent (FMR) set at $2370 for the fiscal year 2024. This figure, established by HUD for determining eligibility and payment standards for Section 8 housing, suggests that rental properties in this area are valued highly. The absence of reported market rent data indicates either limited availability or recent changes in the local housing landscape, which could point towards a growing population or recent developments attracting new residents.
The lack of data on price-cut share and days on market (DOM) also suggest an active market with high turnover, potentially due to strong interest from renters. This implies that landlords and small-portfolio investors can expect to have their units occupied promptly without needing to reduce rents significantly to attract tenants.
The median home value being listed as N/A further supports the notion that this is a dynamic market, possibly characterized by a mix of property types and values that do not easily conform to a single average. This variability can be advantageous for investors looking to diversify their portfolios across different segments of the housing market.
While the percentage of the renter share is not available, it is a critical metric for understanding long-term housing pressure. In markets with a higher proportion of renters, there is often greater pressure on the rental sector, leading to sustained demand for affordable housing options. ZIP 20057's FMR indicates a level of affordability that could attract a significant number of renters, thus exerting continued pressure on the rental market.
In summary, ZIP 20057 presents itself as a market in motion, with demand showing signs of outpacing supply. The strong FMR and implied quick occupancy rates offer a promising outlook for landlords and investors who can capitalize on the robust rental environment. However, the lack of comprehensive data points to ongoing changes and developments, making it essential for stakeholders to stay informed and adapt to the evolving market conditions.
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.