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 20066 in Unknown, DC, is situated within the broader Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area. The Fair Market Rent (FMR) for 20066 is set at $1980 for fiscal year 2024. This figure can be used to infer the rental dynamics compared to other ZIP codes within the same metropolitan area.
To provide context, the typical FMR for a two-bedroom apartment in the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area is around $1700 to $2200. Given that 20066's FMR is $1980, it falls within the average range but slightly above the midpoint of the typical FMR range. However, the absence of specific market rent and home value data makes it challenging to fully categorize 20066 as either a value pocket, a mid-tier neighborhood, or a premium sub-market.
The lack of market rent and home value data suggests that 20066 might have unique characteristics that differentiate it from the rest of the metropolitan area. In the absence of such data, we cannot definitively conclude if it has a higher or lower renter share compared to other ZIP codes. Typically, a ZIP code with a high renter share and below-metro home values indicates a sweet spot for Section 8 investments, but without specific percentages, we cannot confirm this trend in 20066.
Based on the available FMR data, 20066 appears to be a mid-tier neighborhood within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area. It is important for landlords and small-portfolio investors to consider the broader economic factors affecting the area, including job growth, population density, and local amenities, when evaluating investment opportunities in ZIP code 20066.
To make a more informed decision, further research into the local real estate market, including rental trends and property values, would be advisable. Engaging with local real estate agents or reviewing recent sales and rental listings could provide additional insights into the true nature of the ZIP code as a value pocket, mid-tier neighborhood, or premium sub-market.
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.