Section 8 Fair Market Rent (FMR) for ZIP 20137 - 2027

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

Investment Score for ZIP 20137

N/A

Monthly Rent (2BR)

$2,810

Median Price (2BR)

$N/A

1% Rule

Annual Yield

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	$2,440
1 Bedroom	$2,540
2 Bedrooms	$2,810
3 Bedrooms	$3,580
4 Bedrooms	$4,220
5 Bedrooms	$4,895
6 Bedrooms	$5,482
7 Bedrooms	$5,921
8 Bedrooms	$6,217

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
3BR	$3,580	$731,681	0.49%	F
4BR	$4,220	$866,884	0.49%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,938

Median Household Income

$191,974

Housing Units

729

Renter Percentage

N/A

Occupancy Rate

90.5%

Renter Occupied

When evaluating whether to invest in ZIP 20137 for Section 8 properties, follow this decision tree:

Does the Fair Market Rent (FMR) of $2,110 cover the debt service on an $816,107 property?
- No: The FMR does not sufficiently cover the debt service for a property priced at $816,107. This makes it financially unviable to purchase such a property solely relying on Section 8 tenants.
Is the market rent above, at, or below the FMR?
- N/A: There is no available data on market rents for ZIP 20137. Without this information, it's impossible to accurately compare market rents against the FMR.
Are 0.0% renters and N/A-day days on the market indicative of sufficient demand?
- No: With 0.0% of the population being renters, there is minimal demand for rental properties in ZIP 20137. Additionally, the lack of data on days on the market further complicates the assessment of demand viability.

In conclusion, based on the available data, investing in ZIP 20137 for Section 8 properties is not advisable. The FMR of $2,110 is insufficient to cover the debt service on a property valued at $816,107. Furthermore, the low percentage of renters and the absence of market rent data suggest a weak rental market that does not support the acquisition of such properties.

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.