Section 8 Fair Market Rent (FMR) for ZIP 20152 - 2027

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

Investment Score for ZIP 20152

D
Monthly Rent (2BR)
$3,360
Median Price (2BR)
$452,435
1% Rule
0.74%
Annual Yield
8.91%

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$2,910
1 Bedroom$3,040
2 Bedrooms$3,360
3 Bedrooms$4,280
4 Bedrooms$5,040
5 Bedrooms$5,846
6 Bedrooms$6,548
7 Bedrooms$7,072
8 Bedrooms$7,426

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
2BR $3,360 $452,435 0.74% D
3BR $4,280 $651,752 0.66% D
4BR $5,040 $1,001,664 0.5% F
5BR $5,846 $1,213,108 0.48% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
36,674
Median Household Income
$197,156
Housing Units
11,186
Renter Percentage
15.5%
Occupancy Rate
98.8%
Renter Occupied
1,717

The ZIP code 20152, located in Chantilly, VA, is not predominantly a renter-heavy area. With a population of 36,674, only 15.5% are renters, indicating that it is largely a homeowner-dominated region. This means that the demand for rental properties using Section 8 vouchers is relatively low compared to other areas with higher percentages of renters.

The median household income in this ZIP code is $197,156, which is quite high. The typical market rent of $3,260 consumes approximately 1.65% of the median household income, making it affordable for most residents without the need for government assistance. For comparison, the Fair Market Rent (FMR) set at $2,760 for FY 2024 suggests that the actual market rent is higher than the FMR, but still within reach for many of the local residents given their income levels.

A landlord in ZIP 20152 can expect tenants who are likely to be employed and earning incomes above the national average. These tenants would typically not rely on Section 8 vouchers due to the higher availability of employment opportunities and the overall affluence of the area. However, landlords should still be prepared to handle a small portion of Section 8 tenants if they wish to cater to all segments of the local rental market.

To summarize, the rental market in Chantilly, VA, is not heavily reliant on Section 8 vouchers. The high median income and low percentage of renters suggest that most residents can afford the market rent without assistance. Landlords should anticipate a tenant base that is financially stable and capable of paying rent out-of-pocket.

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.