Section 8 Fair Market Rent (FMR) for ZIP 20593 - 2027

Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

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 20593, 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 its proximity to key government institutions and urban amenities, making it attractive to both tenants and investors alike.

The Fair Market Rent (FMR) for ZIP 20593 in fiscal year 2024 is set at $1980, providing landlords with a clear guideline on rental pricing that aligns with federal standards.
The median home value in the area is currently listed as N/A, indicating limited data on homeownership values but suggesting a focus on rental properties.
The percentage of renters in the area is also listed as N/A, though this can be inferred to be significant given the high FMR and typical urban dynamics.
The median income for the area is listed as N/A, which is critical for understanding the financial capacity of potential tenants.
The Days on Market (DOM) for properties in ZIP 20593 is N/A, reflecting the lack of recent sales data but hinting at a potentially stable market where properties may sell quickly once listed.

Investors looking to enter the Section 8 market in ZIP 20593 should focus on properties that meet or slightly exceed the FMR of $1980, ensuring compliance while maximizing potential income. Despite the absence of specific data points on median home value, renter share, median income, and DOM, the area's strategic location and the presence of the Section 8 program suggest strong demand for affordable rental units. This demand, combined with the defined FMR, offers a solid foundation for investment decisions, emphasizing the importance of quality and condition in attracting and retaining tenants through the voucher 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.