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 | $3,220 |
| 5 Bedrooms | $3,735 |
| 6 Bedrooms | $4,183 |
| 7 Bedrooms | $4,518 |
| 8 Bedrooms | $4,744 |
U.S. Census Bureau data (2024)
100.0% of the residents in ZIP 20373 are renters, making it an ideal location for landlords and small-portfolio investors. The area's strong rental market is underscored by the fact that there is no available data on median home values, indicating a lack of homeownership opportunities. Furthermore, the specific figure of $1700 stands out as the Fair Market Rent (FMR) for zip code 20373 for fiscal year 2024, which is the benchmark set by HUD for determining payment standards for the Section 8 Housing Choice Voucher program. This means that landlords can expect to receive up to $1700 per month for a standard unit under the Section 8 program, providing a clear and reliable income stream.
The absence of data on median income suggests that the economic profile of the area is diverse, potentially attracting a wide range of tenants who qualify for different levels of assistance under the Section 8 program. However, the lack of available data on days on market (DOM) and the percentage of price-cut share indicates a stable market where properties are likely to be occupied quickly once they become available, reducing vacancy periods and increasing cash flow.
Investors should note that the Fair Market Rent of $1700 represents a significant portion of the rental market in 20373, given that 100.0% of the population are renters. This high concentration of renters supports a robust demand for rental properties, particularly those participating in the Section 8 program. The N/A status for market rent further highlights the dominance of the rental sector over homeownership in this area.
In conclusion, the data from ZIP 20373, especially the 100.0% renter share and the $1700 FMR, strongly support the viability of Section 8 properties for landlords and small-portfolio investors. The high demand for rental units and the guaranteed income from the government-backed voucher program make this a favorable investment option.
Section 8 Verdict: Highly recommended for investment in ZIP 20373.
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.