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 |
The ZIP code 20528 in the Washington-Arlington-Alexandria County, DC-VA-MD HUD Metro FMR Area, has a Fair Market Rent (FMR) set at $1980 for fiscal year 2024. This figure represents the maximum amount that landlords can charge tenants participating in the Section 8 housing choice voucher program.
While the market rent for the area is currently unavailable, it's important to understand that the FMR is typically lower than the average market rent in most areas. In ZIP 20528, landlords will likely find that voucher tenants cashflow marginally, if at all, without offering premium units. The gap between FMR and market rents often means that landlords must either accept slightly lower profits or seek out higher-end properties to ensure positive cash flow.
The median home value for ZIP 20528 is also not available, but it would be critical to calculate the rent-to-price ratio to gauge the relative attractiveness of renting versus buying. Typically, a higher median home value suggests a stronger buy market, which could impact rental demand and pricing.
In terms of days on market (DOM) and price-cut shares, these metrics are not available for the area. However, they would provide insight into how quickly homes sell and the extent to which sellers need to reduce their asking prices, which can indicate broader market conditions affecting both rental and purchase decisions.
The strongest investor angle in ZIP 20528 appears to be stability. Given the high demand for affordable housing in the region, Section 8 tenants provide a reliable source of income with less risk of vacancy compared to market-rate rentals. While cash flow might not be robust due to the low FMR, the consistent demand for subsidized housing offers a stable investment option in an otherwise volatile market.
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.