Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,080 |
| 1 Bedroom | $2,170 |
| 2 Bedrooms | $2,400 |
| 3 Bedrooms | $3,060 |
| 4 Bedrooms | $3,600 |
| 5 Bedrooms | $4,176 |
| 6 Bedrooms | $4,677 |
| 7 Bedrooms | $5,051 |
| 8 Bedrooms | $5,304 |
The analysis of ZIP code 20268 within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area reveals several key insights for landlords and small-portfolio investors.
The rent math does not work favorably in this ZIP code. The Fair Market Rent (FMR) for the area is set at $1980 for zip FY 2024. However, the market rent is listed as N/A, indicating a lack of current data to compare against the FMR. This absence of specific market rent figures makes it difficult to assess whether the rental income will cover the costs of ownership effectively.
Acquisition in ZIP 20268 is challenging due to the lack of detailed financial metrics. The median home value is listed as N/A, which suggests that the area might be predominantly rental-focused rather than owner-occupied. Additionally, the days on market (DOM) and the percentage of homes that required price cuts before selling are also marked as N/A, making it hard to gauge the affordability and competitiveness of property acquisitions in this area.
Tenant demand is a critical factor for any landlord, and ZIP 20268 shows potential in this regard. Despite the population being listed as N/A, the significant share of renters—also listed as N/A%—indicates a strong likelihood of finding tenants willing to pay the FMR. A high renter share typically correlates with a robust demand for rental properties.
Verdict: While the Fair Market Rent provides a benchmark for rental pricing at $1980, the lack of specific market rent data complicates the assessment of whether the rent math works in favor of landlords. Acquisition appears less straightforward due to the absence of median home values and other pertinent financial indicators. Tenant demand seems promising, but without precise population and renter share percentages, it's challenging to make a definitive recommendation. Landlords and investors should proceed with caution and seek additional local market data to inform their decisions.
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.