Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,310 |
| 1 Bedroom | $2,420 |
| 2 Bedrooms | $2,670 |
| 3 Bedrooms | $3,400 |
| 4 Bedrooms | $4,010 |
| 5 Bedrooms | $4,652 |
| 6 Bedrooms | $5,210 |
| 7 Bedrooms | $5,627 |
| 8 Bedrooms | $5,908 |
The classification of ZIP 20598 (Unknown, DC) on the yield and stability axes requires a closer examination of the available data. On the yield axis, the Fair Market Rent (FMR) for ZIP 20598 in Fiscal Year 2024 is listed at $2210. This figure represents the maximum amount that a landlord can charge for a voucher in the area. However, there is no specific market rent or home value data provided for this ZIP code.
Regarding stability, the data indicates that there is no detailed information on the percentage of renters, days on market (DOM), or median income. Without these figures, it is challenging to assess the stability of the market accurately. Nonetheless, the lack of residential addresses within ZIP 20598 suggests that it might be primarily commercial or have limited housing units.
Given the limited data available, ZIP 20598 cannot be definitively classified as either a high-yield/low-stability flip-style market or a steady-cashflow zone. The absence of market rent and home value data makes it difficult to determine the yield potential fully. Similarly, the lack of data on renters, DOM, and income hinders a comprehensive evaluation of stability.
To make an informed decision, consider reviewing the demographic information of nearby ZIP codes such as 20197, which could provide a better understanding of the broader market dynamics in the area. This approach will help identify whether the region leans towards higher yields or greater stability.
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.