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 |
The Fair Market Rent (FMR) for ZIP 20159 in fiscal year 2024 is set at $2240. Given the lack of specific market data such as median home values and median incomes, it's prudent to focus on the FMR as a reliable indicator of the area's rental landscape.
ZIP 20159 serves well as a cash-flow anchor within a Section 8 portfolio. The FMR provides a stable and predictable source of income, which can help balance out the volatility often seen in other parts of the real estate market. This predictability is particularly valuable for small-portfolio investors who might be more sensitive to sudden changes in market conditions.
A cash-flow anchor is essential for maintaining steady income streams, especially when dealing with government programs like Section 8 that have fixed payment schedules. The FMR of $2240 ensures that properties within this ZIP code will generate consistent rental income, helping to cover ongoing expenses such as maintenance, taxes, and insurance.
While appreciation plays and diversifiers are also important components of a well-rounded real estate investment strategy, the current data suggests that ZIP 20159 is best suited for its role as a cash-flow anchor. The lack of information regarding price-cut shares, days on market, and median income indicates that there isn't enough evidence to support an appreciation play or diversification strategy based solely on these metrics.
In conclusion, ZIP 20159 is best positioned as a cash-flow anchor within a Section 8 portfolio due to its stable FMR of $2240. This allows investors to rely on consistent rental income, which is crucial for managing a portfolio effectively and ensuring long-term financial stability.
Data Sources: FMR data from HUD (2027).
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.