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 |
U.S. Census Bureau data (2024)
The ZIP code 20317 is situated within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area. For fiscal year 2024, its Fair Market Rent (FMR) is set at $1980, which is below the average FMR for the metro area. A two-bedroom home in the broader Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area has an FMR of $2,314 per month for fiscal year 2025, indicating that ZIP 20317 is indeed a value pocket within its larger metropolitan context.
The gap between voucher rents and market rents in the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area is $1,246. Given that ZIP 20317's FMR is significantly lower than the metro-wide average, it stands out as a potentially attractive location for Section 8 participants who are looking for affordable housing options.
However, the renter share in ZIP 20317 is reported as 0.0%, suggesting that rental activity is minimal in this area. This contrasts sharply with the typical dynamics of a Section 8 sweet spot, where high rental demand often coincides with lower home values. The absence of market rent and home value data for ZIP 20317 further underscores its unique position within the metro, likely indicating a less active rental market compared to other areas.
Investors considering ZIP 20317 should note that while it offers lower-than-average FMRs, the lack of rental activity and limited data on market conditions make it a niche investment opportunity. It may appeal to those looking for stable, below-market rental rates, but it is not likely to be a bustling rental market.
Data Sources: FMR data from HUD (2027). 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.