Section 8 Fair Market Rent (FMR) for ZIP 20536 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 20536, located in Washington D.C., is a prime location for real estate investment, particularly for those interested in the Section 8 housing voucher program. The area benefits from proximity to various amenities and services, making it attractive for both tenants and investors alike.

• The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 20536 for fiscal year 2024 is set at $1980. This figure represents the maximum amount that a landlord can charge for a property under the Section 8 program, ensuring a stable and predictable income stream.
• The market rent for the area is currently not available. This absence of data makes it challenging to compare the FMR with the local rental market rates, though it does suggest a lack of recent comprehensive studies on the area's rental trends.
• The median home value for ZIP 20536 is also not available. Without this information, it's difficult to assess the overall property values in the area, which could impact investment decisions regarding property purchase or renovation costs.
• The percentage of residents who are renters in this ZIP code is not available. Understanding the proportion of renters is crucial for gauging demand for rental properties and the potential success of Section 8 listings.
• The Days on Market (DOM) for rental properties in ZIP 20536 is not available. This metric would provide insight into how quickly properties are being leased, indicating the level of competition and tenant interest in the area.
• The median household income for ZIP 20536 is not available. Knowing the average income helps in assessing the financial capability of potential tenants to afford rent, even with vouchers.

In summary, while the Fair Market Rent for Section 8 properties in ZIP 20536 is established at $1980 for a two-bedroom unit, critical data points such as market rent, median home value, renter share, DOM, and median income are lacking. These gaps make it challenging to fully evaluate the investment potential of the area beyond the guarantees offered by the Section 8 program. Landlords and investors should focus on the stability provided by the government-set rents while seeking additional local insights to fill these informational voids.

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.