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 analysis of ZIP code 20591 within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area reveals several key points regarding the viability of rental investments.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the area is set at $2,200 for fiscal year 2026. However, due to the lack of specific market rent data, it's challenging to directly compare the two figures. Without this comparison, landlords must rely on the FMR as a guideline for setting rent prices, which could be higher or lower than what the market currently supports.
Moving on to the affordability of acquisition, the absence of detailed data on median home values, days on market (DOM), and the percentage of homes that require a price cut complicates this assessment. Landlords and small-portfolio investors would need to conduct further research to determine if the cost of acquiring properties aligns with their investment goals and financial capacity.
The third question concerns tenant demand. Again, the lack of specific data on population and the percentage of renters makes it difficult to gauge demand accurately. For a precise understanding of the number of potential tenants, additional local demographic studies are necessary.
In conclusion, while the Fair Market Rent provides a benchmark at $2,200 for the ZIP 20591 area, the incomplete dataset hinders a comprehensive analysis of both acquisition costs and tenant demand. Investors should proceed with caution, seeking out supplementary information to make informed decisions about rental investments in this region.
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.