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 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 20611 within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR area reveals critical insights for landlords and small-portfolio investors.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for ZIP 20611 in fiscal year 2024 is set at $1760. However, the lack of specific market rent data makes it difficult to draw a direct comparison. Without precise market rent figures, it's challenging to determine if the FMR accurately reflects the rental income potential in this zip code.
Regarding the affordability of acquisitions, the median home value in ZIP 20611 stands at $473,490. Unfortunately, the Days on Market (DOM) and the percentage of homes that have been subject to price cuts are not specified, which limits our ability to assess how competitive and affordable the housing market is for new acquisitions. This ambiguity suggests caution when considering property purchases, as these factors significantly influence investment costs and time to resale.
The third question concerns tenant demand. ZIP 20611 has a total population of 1,219, with a renter share of 13.2%. Given the small population size, the number of potential tenants is limited. The relatively low renter share indicates that most residents are likely homeowners, which could suggest a smaller pool of renters and potentially higher competition for the available rental properties.
Verdict: While the FMR provides a benchmark for rental income, the absence of market rent data complicates a thorough assessment of its viability. The median home value is high, and without DOM and price-cut percentages, the cost of acquisition remains uncertain. Tenant demand appears modest due to the small population and low renter share. Investors should proceed with caution and seek additional local market data before making decisions in this zip code.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
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.