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 | $2,330 |
| 1 Bedroom | $2,430 |
| 2 Bedrooms | $2,690 |
| 3 Bedrooms | $3,430 |
| 4 Bedrooms | $4,040 |
| 5 Bedrooms | $4,686 |
| 6 Bedrooms | $5,248 |
| 7 Bedrooms | $5,668 |
| 8 Bedrooms | $5,951 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,430 | $272,050 | 0.89% | C |
| 2BR | $2,690 | $433,865 | 0.62% | D |
| 3BR | $3,430 | $558,134 | 0.61% | D |
| 4BR | $4,040 | $823,046 | 0.49% | F |
| 5BR | $4,686 | $970,422 | 0.48% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 20121 (Centreville, VA) on the axes of yield and stability reveals it as a steady-cashflow zone. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $2,190, which is notably lower than the market rent of $2,412. This indicates that while properties in Centreville may not offer exceptionally high yields compared to the market rent, they still provide a reliable rental income.
The median home value in the area stands at $568,132. Given the FMR and market rent figures, an investor can expect a reasonable return on investment without the risk associated with high-yield markets. For instance, if we consider a typical property valued at the median, the rental income would be approximately 4.2% of the property's value based on FMR, and slightly higher at around 4.6% using market rent estimates. These percentages suggest a moderate yield, suitable for those seeking consistent cash flow rather than rapid capital appreciation.
Stability in the market is reflected in several metrics. With 30.0% of residents being renters, Centreville maintains a stable tenant base. Additionally, the average days on market (DOM) for rentals is only 5 days, indicating strong demand and quick turnover, which supports the stability of rental income. The median household income of $129,947 further reinforces the stability of the market, as it suggests that tenants have the financial means to consistently pay their rent.
In summary, Centreville, VA (ZIP 20121), is best categorized as a steady-cashflow zone. It offers a moderate yield, with rental income representing about 4.2% to 4.6% of the median home value, and exhibits signs of stability through a significant rental population, quick property turnovers, and a robust median income level. These factors make it an attractive option for landlords and small-portfolio investors looking for dependable returns.
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.