Section 8 Fair Market Rent (FMR) for ZIP 20418 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 20418 is located in Washington, D.C., and represents a unique, tightly defined area with limited available demographic data. The following points highlight key aspects of the real estate market in this area.

• The Fair Market Rent (FMR) for ZIP 20418 in fiscal year 2024 is set at $1980.
• Median home values in the area are not specifically reported, but nearby ZIP codes have median assessed values around $197,000.
• The percentage of renter-occupied units is not provided, making it difficult to estimate the proportion of renters in the area.
• Average Days on Market (DOM) for properties in ZIP 20418 cannot be determined due to lack of specific data.
• Median income figures for the area are also not provided, which limits our understanding of the economic profile of residents.

In summary, while the Fair Market Rent provides a benchmark for rental pricing in ZIP 20418, the absence of detailed data on median home values, renter share, DOM, and median income makes it challenging to fully assess the investment potential. Landlords and small-portfolio investors should seek additional local insights to complement the FMR figure when considering investments in this area.

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.