Section 8 Fair Market Rent (FMR) for ZIP 20195 - 2027

FY 2027 Fair Market Rent Rates

To classify ZIP 20195 in Washington, D.C., we must consider the available data on yield and stability. The key figure here is the Fair Market Rent (FMR) for ZIP 20195, which is set at $2240 for fiscal year 2024. This indicates the maximum rent that can be charged for a Section 8 voucher holder in this area.

The absence of market rent and home value data makes it challenging to compare the FMR against typical market conditions. However, the FMR of $2240 suggests a high-yield potential if the market rent is higher, but without specific market rent figures, we cannot confirm this definitively.

Regarding stability, there is insufficient data on the percentage of renters, days on market (DOM), and median household income. These metrics are crucial for understanding the financial health and housing demand of the area. Without these figures, it's impossible to determine the stability of the rental market in ZIP 20195.

Given the limited information, ZIP 20195 could potentially be a high-yield market due to the relatively high FMR compared to what might be expected in a less expensive part of D.C. However, the lack of stability indicators means we cannot fully assess whether it is a low-stability environment suitable for short-term flipping or a steady-cashflow zone. Landlords and small-portfolio investors should seek additional local market analysis to make informed decisions about investment in this ZIP code.

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.