Section 8 Fair Market Rent (FMR) for ZIP 20427 - 2027

FY 2027 Fair Market Rent Rates

1980 is the Fair Market Rent (FMR) for ZIP 20427 as of fiscal year 2024. This figure represents the maximum amount a landlord can charge for a Section 8 voucher in this area. However, the lack of specific data for ZIP 20427 itself necessitates looking at nearby areas for a comprehensive analysis.

582,913 is the average home value in Washington, DC, indicating a robust real estate market. In contrast, the median home values in surrounding areas vary significantly. For instance, Arlington's median home value stands at 823,811, while Bethesda's is much higher at 1,152,218.

The median income and renter share percentages for ZIP 20427 are not available. Nonetheless, understanding the broader context of the Washington, DC, area is crucial for investment decisions. The median home value in nearby neighborhoods also shows considerable variation. Shaw's median home value is 761,996, whereas Georgetown's is notably higher at 1,513,783.

While specific data points for ZIP 20427 are limited, the surrounding areas provide valuable insights. The absence of direct market rent data for 20427 suggests that it might be a smaller or less populated area compared to its neighbors.

Given the high FMR of 1980 in ZIP 20427, landlords should consider this as a strong indicator for potential rental income stability. The diversity in median home values across nearby ZIP codes highlights the need for careful consideration of property location and market dynamics.

Section 8 Verdict: ZIP 20427 offers a stable rental market with a high FMR, making it a suitable option for landlords participating in the Section 8 program.

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.