Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,390 |
| 1 Bedroom | $2,500 |
| 2 Bedrooms | $2,760 |
| 3 Bedrooms | $3,520 |
| 4 Bedrooms | $4,140 |
| 5 Bedrooms | $4,802 |
| 6 Bedrooms | $5,378 |
| 7 Bedrooms | $5,808 |
| 8 Bedrooms | $6,098 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 20129 within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area reveals several key insights for landlords and small-portfolio investors.
The rent math does not work favorably due to the discrepancy between the Fair Market Rent (FMR) and the market rent. The FMR for ZIP 20129 is set at $2240 for fiscal year 2024. However, the lack of specific market rent data suggests that actual rental prices might be higher, making it difficult to attract tenants who qualify under the Section 8 program. This mismatch can lead to lower occupancy rates and financial challenges for landlords participating in the program.
Acquisition in ZIP 20129 is moderately affordable considering the median home value stands at $1,291,704. While this figure is high, the absence of specific data on Days on Market (DOM) and the percentage of homes that required price cuts indicates that the housing market may be stable and competitive, which could present opportunities for savvy investors looking for long-term gains.
Tenant demand is limited in ZIP 20129. With a total population of 538, only 7.4% of residents are renters. This low renter share suggests a smaller pool of potential Section 8 tenants, which could make it challenging to fill vacancies quickly and sustainably. Landlords should be prepared for a potentially slow leasing process and consider targeting other areas with higher renter shares for better tenant demand.
In summary, ZIP 20129 presents a mixed picture for Section 8 real estate investment. The high median home value and uncertain market rent dynamics create a less favorable environment for landlords seeking to maximize rental income through the Section 8 program. Additionally, the limited tenant demand due to the low renter share makes this area a less attractive option for those relying on steady tenant flow. Investors should carefully weigh these factors before committing to acquisitions in this ZIP code.
Data Sources: FMR data from HUD (2027). 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.