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 | $2,140 |
| 1 Bedroom | $2,230 |
| 2 Bedrooms | $2,470 |
| 3 Bedrooms | $3,150 |
| 4 Bedrooms | $3,710 |
| 5 Bedrooms | $4,304 |
| 6 Bedrooms | $4,820 |
| 7 Bedrooms | $5,206 |
| 8 Bedrooms | $5,466 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,230 | $297,956 | 0.75% | D |
| 2BR | $2,470 | $364,814 | 0.68% | D |
| 3BR | $3,150 | $623,108 | 0.51% | F |
| 4BR | $3,710 | $973,855 | 0.38% | F |
| 5BR | $4,304 | $1,233,758 | 0.35% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 20175, Leesburg, VA, for fiscal year 2024 is set at $1990. This figure represents the maximum amount that the U.S. Department of Housing and Urban Development (HUD) will pay to cover a tenant's rent under the Section 8 program. It does not mean you should charge $1990; it means that HUD will subsidize up to that amount if your property qualifies.
To put this into perspective, the average market rent in Leesburg, VA, according to the Zip Oracle Renter Index (ZORI), is $2,356. This indicates that the typical renter in the area can afford to pay more than the Section 8 subsidy. However, the FMR is an important benchmark because it determines the upper limit of the rent subsidy.
The renter share of the population in Leesburg is 25.2%, which suggests a moderate demand for rental properties. Given the FMR and the ZORI, you can expect that a significant portion of potential tenants might be interested in Section 8 housing due to the affordability it offers compared to the market rate.
If you're looking to acquire a property in Leesburg for a Section 8 rental, the median home value stands at $840,004. This figure represents the typical price you would need to pay to purchase a home suitable for a Section 8 tenant. Keep in mind that the actual acquisition cost could vary depending on the condition and location of the property.
A critical step before proceeding with a Section 8 rental is to verify that your property meets all the required standards set by HUD. These include safety, health, and habitability criteria. Failure to meet these standards could result in disqualification from the program, leading to financial losses and wasted effort.
In summary, the $1990 FMR for ZIP 20175 is the ceiling for HUD subsidies, while the local market rent is higher at $2,356. With a 25.2% renter share, there is demand for affordable housing. The median home value of $840,004 gives you an idea of the investment needed. Ensure your property complies with HUD standards before making any final decisions.
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.