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 | $1,650 |
| 1 Bedroom | $1,720 |
| 2 Bedrooms | $1,900 |
| 3 Bedrooms | $2,420 |
| 4 Bedrooms | $2,850 |
| 5 Bedrooms | $3,306 |
| 6 Bedrooms | $3,703 |
| 7 Bedrooms | $3,999 |
| 8 Bedrooms | $4,199 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,420 | $874,704 | 0.28% | F |
U.S. Census Bureau data (2024)
The ZIP code 20184 is predominantly a renter-heavy area, with 72.8% of its population renting their homes. This high percentage of renters indicates a strong demand for rental properties, particularly those that can accommodate Section 8 tenants. The median household income in this area is $50,278, which contrasts sharply with the market rent of $2,242 per month. At this rate, typical rent consumes approximately 53.9% of the monthly income when calculated based on the annual median income.
To further analyze the suitability of this ZIP code for Section 8 tenants, we compare the market rent to the Fair Market Rent (FMR) set by HUD, which is $1,740 for FY 2024. The FMR represents the maximum amount that a Section 8 voucher holder can pay towards rent, indicating that the market rent in ZIP 20184 exceeds the FMR by about $502 per month. This suggests that landlords in this area may need to consider adjustments if they wish to attract Section 8 tenants, as the difference could make it challenging for voucher holders to afford living in these units without additional financial support.
A landlord in ZIP 20184 should expect a tenant profile characterized by individuals who rely heavily on government assistance for housing. Given the disparity between the market rent and the FMR, landlords might encounter a higher number of applications from low-income families seeking affordable housing solutions. These tenants will likely have a history of using Section 8 vouchers and be accustomed to the requirements and regulations associated with subsidized housing.
In summary, ZIP 20184 presents an environment where the majority of residents are renters, creating a robust market for rental properties. However, landlords must be aware that the local income levels do not fully cover the current market rents, making it necessary to consider the limitations imposed by the FMR for Section 8 tenants. Landlords should prepare for a tenant base that includes a significant number of individuals reliant on housing vouchers.
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.