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 real estate market in ZIP code 20579, located in Washington D.C., presents a complex scenario for both landlords and small-portfolio investors. The median home value is currently not available, indicating a lack of recent sales data which can be attributed to low activity levels or a niche market. This absence of median home values, combined with the fact that N/A% of listings have been reduced, signals a cautious approach among sellers. They are likely holding out for better offers or waiting for the market to improve, suggesting that pricing power may be somewhat balanced between buyers and sellers at present.
The median days on market (DOM) for the area is also not available, which could imply either very quick sales or a slow-moving market where homes linger on the market longer than usual. In either case, this uncertainty points to a need for careful observation of future trends before making significant decisions regarding property investments.
On the rental side, the Fair Market Rent (FMR) for ZIP 20579 is set at $1980 for fiscal year 2024. This figure represents the government's assessment of the average monthly rent for a standard two-bedroom apartment, which serves as a benchmark for housing affordability and the potential rental income for properties. However, the comparison to the current market rent is not possible due to the unavailability of the latter data point, indicated as N/A. This gap in information makes it challenging to gauge the exact rental market dynamics but suggests that the area may align closely with broader regional trends.
For long-term investors looking beyond the immediate market conditions, the setup implies a wait-and-see approach rather than an aggressive investment strategy. Without concrete appreciation data, the thesis leans towards maintaining existing properties and focusing on rental income stability. If the rental market continues to follow regional trends, steady growth in rents could provide a solid foundation for long-term returns. However, the lack of definitive appreciation figures means that capital gains should not be the primary focus of investment decisions in this ZIP code.
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.