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 | $1,650 |
| 1 Bedroom | $1,720 |
| 2 Bedrooms | $1,900 |
| 3 Bedrooms | $2,420 |
| 4 Bedrooms | $2,850 |
| 5 Bedrooms | $3,306 |
| 6 Bedrooms | $3,703 |
| 7 Bedrooms | $3,999 |
| 8 Bedrooms | $4,199 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,420 | $786,916 | 0.31% | F |
| 4BR | $2,850 | $1,244,968 | 0.23% | F |
U.S. Census Bureau data (2024)
The median income in ZIP code 20144 stands at $192,614, which positions many households to comfortably afford the market rate rent of $1,109. This makes it an attractive area for renters who can cover their housing costs without significant financial strain.
In comparison, the Fair Market Rent (FMR) set by HUD for ZIP 20144 in fiscal year 2024 is $1,590. This means that landlords participating in the Section 8 voucher program can expect higher guaranteed payments than the current market rate, potentially offering a more stable income source.
The ZIP code has a relatively low rental population of 20.5%, with a total population of 1,340. This indicates a smaller pool of potential tenants, which could lead to increased competition among landlords for available renters. However, the higher income levels suggest that landlords might have an advantage if they can offer high-quality properties that appeal to the local demographic.
The affordability gap between the market rate of $1,109 and the FMR of $1,590 presents a strategic opportunity for landlords. By accepting Section 8 vouchers, landlords can tap into a federal subsidy that covers a portion of the higher FMR, thereby attracting tenants who might otherwise be priced out of the market.
For landlords considering their options, the takeaway is clear: accepting Section 8 vouchers can provide a competitive edge in a market where only a fraction of the population rents. It ensures a steady stream of income at a rate above the current market average, while also serving a segment of the community that might struggle with the rising cost of living.
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.