Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,920 |
| 1 Bedroom | $2,010 |
| 2 Bedrooms | $2,220 |
| 3 Bedrooms | $2,830 |
| 4 Bedrooms | $3,330 |
| 5 Bedrooms | $3,863 |
| 6 Bedrooms | $4,327 |
| 7 Bedrooms | $4,673 |
| 8 Bedrooms | $4,907 |
The ZIP code 20108 in Washington-Arlington-Alexandria County, DC, stands out due to its unique characteristics that differentiate it from other areas in the region. With a significant portion of its population participating in the rental market and a notable median income level, this area presents an interesting case study for real estate investors.
Specifically, the voucher economics in ZIP 20108 are noteworthy. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1810. This figure is crucial for landlords and investors considering the Section 8 program, as it dictates the maximum rent that can be charged for a unit to be eligible under the housing assistance program.
Comparing the FMR to the local market rent, which is currently unavailable, would typically help determine if the area is overvalued or undervalued in terms of subsidized housing. However, despite the lack of specific market rent data, the FMR provides a benchmark for assessing the economic viability of properties in this ZIP code.
The data signature for ZIP 20108 reads as transitional. While certain metrics such as the number of residents, percentage renting, median income, and median home value are not available, the presence of Section 8 vouchers and the established FMR suggest that the area is undergoing changes in its housing dynamics. For landlords and small-portfolio investors, understanding these transitional elements is key to making informed decisions about property investments and management practices.
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.