Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,940 |
| 1 Bedroom | $2,020 |
| 2 Bedrooms | $2,230 |
| 3 Bedrooms | $2,850 |
| 4 Bedrooms | $3,350 |
| 5 Bedrooms | $3,886 |
| 6 Bedrooms | $4,352 |
| 7 Bedrooms | $4,700 |
| 8 Bedrooms | $4,935 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 4BR | $3,350 | $529,339 | 0.63% | D |
U.S. Census Bureau data (2024)
ZIP code 20675, located within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, has a Fair Market Rent (FMR) of $1980 for fiscal year 2024. While the specific market rent for this ZIP is not available, we can compare its characteristics to typical ZIP codes within the same metro area.
The median home value in ZIP 20675 is $472,180. This figure places it squarely within the range of mid-tier neighborhoods in the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, where median home values generally hover around $400,000 to $500,000. However, given that some areas within the metro can see median home values exceeding $600,000, 20675 is not considered a premium sub-market.
The renter share in ZIP 20675 is 3.8%, which is notably lower than the average renter share across the broader metro area, typically ranging between 5% to 10%. This suggests a smaller proportion of residents who might qualify for Section 8 assistance based on rental occupancy alone. However, the lower renter share combined with a median home value that is slightly above the mid-tier range does not indicate a significant value pocket for Section 8 investors seeking properties at a discount.
To conclude, ZIP 20675 represents a mid-tier neighborhood within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area. It offers neither the premium prices nor the value pockets that are often sought after by Section 8 investors. The FMR of $1980 aligns with the expectations for this type of neighborhood, providing a balanced environment for both homeowners and renters.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.