Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,410 |
| 1 Bedroom | $2,510 |
| 2 Bedrooms | $2,780 |
| 3 Bedrooms | $3,540 |
| 4 Bedrooms | $4,170 |
| 5 Bedrooms | $4,837 |
| 6 Bedrooms | $5,417 |
| 7 Bedrooms | $5,850 |
| 8 Bedrooms | $6,143 |
The market in ZIP code 20330, located in Washington D.C., is defined by a significant Fixed Monthly Rent (FMR) figure of $2360 for fiscal year 2024. This suggests a robust rental environment, indicating that the area is likely experiencing a high demand for rental properties. The fact that the market rent is not available points to a lack of recent data, which could imply a less volatile market where rents have stabilized or an underreported market due to its unique characteristics.
Absent data on the percentage of price cuts and days on market (DOM) further supports the idea that the rental market is steady, without the need for frequent adjustments or long periods of vacancy. Landlords can expect a stable income stream from their investments in this ZIP code, barring any unforeseen changes in local policies or economic conditions.
The absence of median home value data and the renter share percentage complicates a direct assessment of the homeownership versus rental dynamics. However, given the high FMR, it's reasonable to infer that a substantial portion of the population in this area may be renters, which could translate into persistent long-term housing pressure. As rental rates remain high, potential homeowners might find it challenging to transition from renting to owning, especially if they are priced out of the market due to the cost of living.
In summary, ZIP 20330 presents itself as a market in motion, characterized by strong rental demand and stable prices. For landlords and small-portfolio investors, this translates into a reliable investment opportunity with consistent rental yields. However, the lack of comprehensive data on home values and renter share percentages means that deeper insights into the balance between supply and demand, and the overall housing pressure, require additional research and local knowledge.
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.