Section 8 Fair Market Rent (FMR) for ZIP 20112 - 2027

Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area

Investment Score for ZIP 20112

F
Monthly Rent (2BR)
$2,560
Median Price (2BR)
$447,995
1% Rule
0.57%
Annual Yield
6.86%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$2,220
1 Bedroom$2,310
2 Bedrooms$2,560
3 Bedrooms$3,260
4 Bedrooms$3,840
5 Bedrooms$4,454
6 Bedrooms$4,988
7 Bedrooms$5,387
8 Bedrooms$5,656

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $2,560 $447,995 0.57% F
3BR $3,260 $597,337 0.55% F
4BR $3,840 $784,062 0.49% F
5BR $4,454 $890,450 0.5% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
30,500
Median Household Income
$195,467
Housing Units
9,657
Renter Percentage
3.4%
Occupancy Rate
98.1%
Renter Occupied
326

The 2024 Fair Market Rent (FMR) for a two-bedroom home in the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area is $2,045 per month. Comparatively, ZIP 20112 in Manassas, VA has an FMR of $2,620, which is significantly higher. This indicates that 20112 is positioned as a premium sub-market within the metro area regarding FMR.

The market rent in 20112 is $2,882, slightly above the FMR but still reflective of its status as a premium sub-market. Given the higher median home value of $746,350, it is clear that 20112 caters to a more affluent segment of the population, both homeowners and renters.

The renter share in 20112 is 3.4%, much lower than the typical metro-wide average. This low renter share further supports the notion that 20112 is predominantly an owner-occupied area. Unlike a typical Section 8 sweet spot, which usually features a higher renter share and lower home values, 20112 stands out as a premium sub-market with limited appeal for Section 8 housing vouchers.

In summary, ZIP 20112 is a premium sub-market within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, characterized by higher-than-average FMR, market rents, and home values, alongside a lower-than-average renter share. These factors collectively suggest that it is not a value pocket for Section 8 tenants but rather a desirable area for those seeking higher-end housing options.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.