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 real estate landscape in ZIP 20177, located in Unknown, DC, presents a unique set of conditions that will likely shape the market over the next 12-24 months. With the median home value currently listed as N/A, it's important to consider other key metrics to understand the overall direction of property values and rental rates.
The fact that N/A% of listings are reduced indicates a sellers' market, where homes are holding their value well and there is limited pressure to lower prices. This, combined with a median Days on Market (DOM) of N/A days, suggests that homes are selling relatively quickly, further reinforcing the idea that demand exceeds supply. These factors imply strong pricing power for landlords and small-portfolio investors who are looking to maintain or increase their rental yields.
On the rental side, the Fair Market Rent (FMR) for ZIP 20177 stands at $2240 for fiscal year 2024, which is a critical benchmark for setting competitive rental rates. Given that the current market rent is also listed as N/A, it's reasonable to infer that the actual market rents are close to or slightly above the FMR, creating a stable environment for landlords to charge rents that reflect the true cost of living in the area.
For long-hold investors, the data points towards a realistic appreciation thesis. The combination of strong seller demand, quick sales, and a robust rental market signals an upward trend in property values. As the local economy continues to grow and attract new residents, the underlying fundamentals support the potential for steady appreciation in home values and rental income.
However, it's crucial to note that the exact figures for median home value and market rent are missing, which limits a precise assessment of the current market dynamics. Nonetheless, the available data provides a solid foundation for understanding the general health and future prospects of the ZIP 20177 real estate market. Landlords and investors should continue to monitor these metrics closely to make informed decisions about their investments.
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.