Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,910 |
| 1 Bedroom | $1,990 |
| 2 Bedrooms | $2,200 |
| 3 Bedrooms | $2,800 |
| 4 Bedrooms | $3,300 |
| 5 Bedrooms | $3,828 |
| 6 Bedrooms | $4,287 |
| 7 Bedrooms | $4,630 |
| 8 Bedrooms | $4,862 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,200 | $484,313 | 0.45% | F |
| 3BR | $2,800 | $621,533 | 0.45% | F |
| 4BR | $3,300 | $844,699 | 0.39% | F |
| 5BR | $3,828 | $1,178,964 | 0.32% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 20115 in Marshall, VA, for fiscal year 2024 is set at $1710. This figure represents the maximum amount that a landlord can charge a Section 8 tenant for rent, not the actual rent price you would set. The FMR is determined by HUD to ensure that rental assistance covers the average market rent for a modest home in the area.
In comparison, the median gross rent for ZIP code 20115, according to the Census Bureau's American Community Survey (ACS), is $1,777. This indicates that the FMR is slightly below the local market average, which could mean that landlords participating in the Section 8 program might have to accept a slightly lower rent than they could potentially get in the open market.
About 28.7% of households in the area are renters, suggesting a steady demand for rental properties. If you're looking to acquire a property in this area for a Section 8 rental, the average home value is around $704,203. This means that you should be prepared to invest a significant amount into your rental property, but it also implies that the investment will likely hold its value well over time.
To participate effectively in the Section 8 program, it's crucial to verify that your property meets the minimum housing quality standards known as the Housing Quality Standards (HQS). These standards ensure that the homes are safe and habitable. Before you finalize your decision to enter the Section 8 program, make sure your property passes the HQS inspection. This is a non-negotiable requirement and will save you time and money in the long run if met from the start.
In summary, while the FMR of $1710 is the ceiling for rent charges under the Section 8 program, the local market suggests a potential to slightly exceed this figure. With 28.7% of households renting, there's a good demand for rental units. However, acquiring a property will require a substantial investment. Ensure your property meets HQS requirements to avoid future complications and to secure a successful entry into the Section 8 rental market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.