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 | $2,870 |
| 1 Bedroom | $2,990 |
| 2 Bedrooms | $3,310 |
| 3 Bedrooms | $4,220 |
| 4 Bedrooms | $4,970 |
| 5 Bedrooms | $5,765 |
| 6 Bedrooms | $6,457 |
| 7 Bedrooms | $6,974 |
| 8 Bedrooms | $7,323 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,310 | $597,664 | 0.55% | F |
| 3BR | $4,220 | $654,248 | 0.65% | D |
| 4BR | $4,970 | $948,897 | 0.52% | F |
| 5BR | $5,765 | $1,139,959 | 0.51% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 20169 in Haymarket, Virginia, for fiscal year 2024 is set at $3030. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for Section 8 housing assistance. It is important to note that this does not necessarily mean that your tenants will pay $3030 per month; rather, it is the maximum amount HUD will reimburse you for renting out a unit under the Section 8 program.
To put this into perspective, the average rent in the same area, according to Census ACS data, is $2,851. This suggests that the FMR is slightly higher than the typical market rate, which could be beneficial if you're looking to cover costs and make a profit.
With a renter share of 7.8%, there is a steady demand for rental properties in this area. To illustrate, the total annual demand for Section 8 rental units based on the FMR can be calculated as follows: $3030 multiplied by 12 months equals $36,360 per unit annually. With 7.8% of the population being renters, this implies a significant number of potential tenants who could benefit from the Section 8 program.
If you are considering purchasing a property for Section 8 rentals, the median home value in the area is approximately $832,926. This figure should be taken into account when planning your investment, as it represents the typical price you would pay for an existing property in this ZIP code.
Before making a final decision to enter the Section 8 rental market in Haymarket, ensure that the property meets all necessary requirements set by HUD. These include standards for health, safety, and habitability. Verifying compliance with these regulations will prevent future complications and ensure a smoother process once you have tenants.
In summary, the FMR of $3030 offers a reasonable reimbursement rate compared to the local average of $2,851, and the 7.8% renter share indicates a stable demand. The acquisition cost of around $832,926 should be carefully considered against your financial goals and risk tolerance. Ensure the property complies with HUD's standards to avoid issues down the line.
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.