Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,060 |
| 1 Bedroom | $2,150 |
| 2 Bedrooms | $2,380 |
| 3 Bedrooms | $3,030 |
| 4 Bedrooms | $3,570 |
| 5 Bedrooms | $4,141 |
| 6 Bedrooms | $4,638 |
| 7 Bedrooms | $5,009 |
| 8 Bedrooms | $5,259 |
Based on the HUD Fair Market Rent (FMR) data for ZIP 20604, the $2010 FMR (zip FY 2024) indicates that landlords should be aware of the rental rates for properties eligible under the Section 8 Housing Choice Voucher program. In the 20604 zip code, the efficiency rental rates range from a low of $1,566 to a high of $1,914, with an average of $1,740. For a two-bedroom apartment, the SAFMR rent limit in 2025 is expected to be $2,260, marking a 4.1% increase from 2024.
The data does not provide specific figures for market rent, median home value, renter share, median income, days on market (DOM), or price-cut share for ZIP 20604. However, it is important to note that these figures can vary significantly and should be monitored closely to understand the local real estate market dynamics.
Given the $2010 FMR and the projected SAFMR rent limit for 2025, landlords in ZIP 20604 can expect stable rental income from Section 8 tenants, with a clear indication of how much they can charge for different sized units. The trend suggests a gradual increase in rental costs, aligning with the overall economic conditions and demand for affordable housing in the area.
To conclude, the Section 8 program in ZIP 20604 offers a reliable source of rental income for landlords, with defined parameters for what can be charged. This stability can be particularly beneficial for small-portfolio investors who seek consistent cash flow without the volatility often associated with the broader real estate market.
Verdict: Section 8 remains a viable option for steady rental income in ZIP 20604.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.