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 available data for ZIP 20178 (Unknown, DC) is limited, making it challenging to provide a comprehensive analysis. However, based on the Fair Market Rent (FMR) for ZIP 20178, which is set at $2240 for fiscal year 2024, we can infer some aspects regarding yield and stability.
Yield: The FMR of $2240 suggests that the rental market in ZIP 20178 is relatively strong, especially if the local market rent is close to or exceeds this figure. Since there is no specific market rent or home value data available, we cannot compare the FMR directly to these metrics. However, given the location in Washington D.C., a city known for its robust rental market, it is reasonable to assume that the yield could be high, particularly if the actual rents commanded exceed the FMR.
Stability: Stability is harder to gauge without specific percentages of renters, days on the market (DOM), and income levels. In Washington D.C., where the job market is generally stable due to the presence of government institutions and a diverse economy, we might expect a moderate level of stability. Without precise figures, it is difficult to definitively classify the stability of ZIP 20178.
Based on the limited data provided, ZIP 20178 appears to be a potential high-yield market due to the relatively high FMR. However, the lack of detailed local market data prevents us from fully assessing the stability. Therefore, it seems to be positioned somewhere between a high-yield/low-stability flip-style market and a steady-cashflow zone, leaning towards the latter given the typical stability of Washington D.C.'s real estate market.
To make a more informed decision, further research into the specific rental trends, vacancy rates, and tenant income levels within ZIP 20178 would be necessary. Landlords and small-portfolio investors should consider these factors when evaluating the potential returns and risks associated with this area.
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.