Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,360 |
| 1 Bedroom | $2,460 |
| 2 Bedrooms | $2,720 |
| 3 Bedrooms | $3,470 |
| 4 Bedrooms | $4,080 |
| 5 Bedrooms | $4,733 |
| 6 Bedrooms | $5,301 |
| 7 Bedrooms | $5,725 |
| 8 Bedrooms | $6,011 |
The Fair Market Rent (FMR) for ZIP code 20172 in Unknown, DC, for fiscal year 2024 is set at $2240. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not the rent you'll receive; it's the payment standard used by the Housing Choice Voucher program to determine the maximum rental assistance payment.
In ZIP 20172, the local market rent is currently N/A, which makes direct comparison difficult. However, the FMR serves as a benchmark to ensure that rents are reasonable and competitive with the broader housing market. The N/A% of renters in the area indicates a significant portion of the population relies on rental assistance, suggesting strong demand for affordable housing options.
When acquiring a property for a Section 8 rental, you should expect to pay around N/A for a typical unit. This price point is influenced by the overall real estate market conditions in Unknown, DC, and reflects the average costs for similar properties.
A key consideration before committing to a Section 8 rental is verifying that your property meets the Housing Quality Standards (HQS). These standards ensure that the rental unit is safe, decent, and sanitary for tenants. Landlords must pass an inspection to confirm compliance with HQS before they can participate in the program.
In summary, the FMR of $2240 for ZIP 20172 sets the ceiling for rent under Section 8. With N/A% of residents needing rental assistance, there is a solid demand for these units. Ensure your property meets HQS requirements to avoid delays and to comply with the program's regulations.
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.