Section 8 Fair Market Rent (FMR) for ZIP 20189 - 2027

FY 2027 Fair Market Rent Rates

The Fair Market Rent (FMR) for ZIP code 20189 in Washington, D.C., 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 Housing Choice Voucher program. It's important to note that this is not necessarily the rent you will receive; it's the payment standard used by the housing authority to determine the amount of assistance they will provide to eligible tenants.

In ZIP 20189, the local median rent is currently listed as N/A. However, the percentage of renters in this area is N/A%, indicating a strong demand for rental properties among those who may qualify for Section 8 assistance. This high demand suggests that there is a good chance of finding tenants who need and can benefit from this type of housing support.

The average acquisition cost for Section 8 properties in this area is also listed as N/A. This cost typically includes the expenses incurred in getting a property approved for the program, such as inspections and any necessary repairs. While the exact figure is not available, understanding this cost is crucial for determining your overall investment viability and return on investment.

Before deciding to enter the Section 8 market with your first rental property in ZIP 20189, ensure you verify the property meets all the required standards for the program. This includes checking for compliance with health and safety regulations, which are essential to pass the initial and periodic inspections conducted by the housing authority.

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.