Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,860 |
| 1 Bedroom | $1,940 |
| 2 Bedrooms | $2,150 |
| 3 Bedrooms | $2,740 |
| 4 Bedrooms | $3,230 |
| 5 Bedrooms | $3,747 |
| 6 Bedrooms | $4,197 |
| 7 Bedrooms | $4,533 |
| 8 Bedrooms | $4,760 |
The market analysis for Section 8 investors in ZIP code 20233 reveals several key points that are essential for making informed investment decisions. The HUD Fair Market Rent (FMR) for this area is set at $1780 for the fiscal year 2024. Unfortunately, specific market rent data for ZIP 20233 is currently unavailable, which makes direct comparison challenging.
However, based on the HUD FMR, voucher tenants in this area would typically cashflow at the FMR rate. This means that landlords can expect to cover their mortgage payments, maintenance costs, and other expenses with the rental income received from voucher holders without needing to rely on additional subsidies or premium unit rents. The ability to cashflow at the FMR rate is particularly beneficial because it ensures a steady income stream that aligns with government assistance levels.
The median home value for ZIP 20233 is also not available, which limits the derivation of an exact rent-to-price ratio. Nonetheless, even without this specific figure, the consistent cashflow from Section 8 vouchers provides a reliable foundation for investment. The lack of data on Days on Market (DOM) and the percentage of price cuts indicates that the local real estate market is relatively stable, with fewer fluctuations in sales activity and pricing.
In conclusion, the strongest angle for investors in ZIP 20233 is cashflow. With the HUD FMR covering typical operational costs, landlords can expect a stable and predictable income from Section 8 tenants, making it an attractive option for those looking to secure long-term rental income.
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.