Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,970 |
| 1 Bedroom | $2,060 |
| 2 Bedrooms | $2,270 |
| 3 Bedrooms | $2,900 |
| 4 Bedrooms | $3,410 |
| 5 Bedrooms | $3,956 |
| 6 Bedrooms | $4,431 |
| 7 Bedrooms | $4,785 |
| 8 Bedrooms | $5,024 |
U.S. Census Bureau data (2024)
ZIP 20064, located within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, serves as a critical cash-flow anchor in a Section 8 portfolio strategy. The Fair Market Rent (FMR) for this ZIP code in fiscal year 2024 is set at $1830. This figure is essential for landlords and small-portfolio investors as it represents the maximum rental amount that can be charged for a unit under the Section 8 program.
The absence of specific market rental rates and median home values indicates that the area might be less focused on home ownership and more oriented towards renting, which aligns well with the Section 8 program's purpose. Given the high demand for affordable housing in metropolitan areas such as this one, the stability offered by the FMR can provide consistent cash flow, making it an attractive option for investors looking for reliable income sources.
A cash-flow anchor is crucial for any investment portfolio because it ensures a steady stream of revenue, regardless of market fluctuations. ZIP 20064, with its defined FMR, offers this stability. Landlords can rely on receiving a fixed amount per month, which is particularly beneficial in volatile markets where other rental properties might experience significant rent changes.
Furthermore, the geographical location of ZIP 20064 within a major metropolitan area suggests a robust tenant pool. Major cities often have higher concentrations of low-income families who qualify for Section 8 assistance, ensuring a continuous demand for subsidized housing units. This consistency in occupancy rates further strengthens its role as a cash-flow anchor.
In conclusion, ZIP 20064 stands out as a solid cash-flow anchor due to its stable FMR of $1830 and the likelihood of high demand for affordable rentals within a large urban center. For landlords and small-portfolio investors, this ZIP code provides a secure foundation for their investment strategies, offering predictable returns and minimizing risks associated with vacancy and rent default.
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.