Section 8 Fair Market Rent (FMR) for ZIP 20091 - 2027

FY 2027 Fair Market Rent Rates

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

The ZIP code 20091 represents a part of Washington, D.C., but detailed demographic information such as population, percentage of renters, median income, and median home value was not found directly from the search results. However, we can focus on the key aspects relevant to Section 8 investors.

The median Family Monthly Income Range (FMR) for ZIP 20091 in fiscal year 2024 is set at $1980. This figure is crucial for determining the rental subsidy amounts available under the Section 8 program. Despite the lack of specific market rent data, it is important to compare this FMR with the general rental prices in the area.

Investors in ZIP 20091 must consider whether the place fits a hands-off voucher operator or requires a hands-on approach. Given the high demand for affordable housing in Washington, D.C., a hands-off strategy might suffice if the rental properties are already well-managed and meet the necessary standards. However, for those looking to add value, there may be opportunities to improve properties and potentially increase rental income beyond the subsidized rate.

To make a more informed decision, further investigation into the local rental market and property management costs would be beneficial. Comparing the FMR to actual market rents will help determine the potential for profit and the type of investment strategy that would be most effective.

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.