Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| 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 |
U.S. Census Bureau data (2024)
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). 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.