Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,360 |
| 1 Bedroom | $2,460 |
| 2 Bedrooms | $2,720 |
| 3 Bedrooms | $3,470 |
| 4 Bedrooms | $4,080 |
| 5 Bedrooms | $4,733 |
| 6 Bedrooms | $5,301 |
| 7 Bedrooms | $5,725 |
| 8 Bedrooms | $6,011 |
The ZIP code 20122, located in the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, can serve as a cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for ZIP 20122 in fiscal year 2024 is set at $2240, which is lower than the average market rental rates in the area. This means that properties in this ZIP can be rented out to tenants participating in the Section 8 program without significant reductions in rental income.
A cash-flow anchor is essential for any real estate portfolio, providing consistent and reliable income. In ZIP 20122, the FMR of $2240 aligns well with the rental prices of homes and townhouses listed on Zillow, which range from $525,000 to $875,000. These properties, when rented out at or near their market values, offer a solid return on investment while also ensuring compliance with the Section 8 housing voucher program.
The diversity of property types in ZIP 20122, including houses and townhouses, further supports its role as a cash-flow anchor. Landlords and small-portfolio investors can leverage this diversity to attract a broad range of tenants who qualify for the Section 8 program, thereby stabilizing their rental income streams.
While the specific data on median home value and median income is not available, the current FMR and market rental rates indicate that ZIP 20122 is a stable investment choice. Properties here will likely maintain their value over time, providing long-term stability and predictable cash flow for investors.
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.