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 | $1,740 |
| 1 Bedroom | $1,820 |
| 2 Bedrooms | $2,010 |
| 3 Bedrooms | $2,560 |
| 4 Bedrooms | $3,020 |
| 5 Bedrooms | $3,503 |
| 6 Bedrooms | $3,923 |
| 7 Bedrooms | $4,237 |
| 8 Bedrooms | $4,449 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,560 | $333,989 | 0.77% | D |
| 4BR | $3,020 | $388,377 | 0.78% | D |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 20710, characterized by a median home value of $317,990, suggests a stable market for both short-term rental opportunities and long-term investment. The fact that the percentage of listings being reduced is currently unavailable points to a market where sellers are holding firm on their asking prices, indicating strong seller confidence and potentially limited downward pressure on home values. Similarly, the median days on market (DOM) figure being unavailable could imply that homes are either selling quickly or the market is experiencing consistent activity without significant fluctuations.
On the rental side, the Fair Market Rent (FMR) for ZIP 20710 in fiscal year 2024 is projected at $1,660, while the current Zillow Observed Rental Index (ZORI) stands at $1,375. This signals a potential upward trend in rental prices, aligning with government projections. Landlords and small-portfolio investors should prepare for an environment where rental income may increase, driven by higher demand and government-set standards. However, it's crucial to note that actual market conditions can vary, and investors should monitor local rental trends closely.
For long-hold investors, the setup in ZIP 20710 implies a realistic appreciation thesis based on steady economic growth and increasing rental demand. The gap between the current ZORI and the projected FMR suggests that rental properties may see increased occupancy rates and higher rents in the coming years, enhancing cash flow and potentially driving property values upwards. However, the lack of specific historical data on price reductions and DOM makes it difficult to quantify past trends, leaving the future appreciation rate somewhat uncertain but optimistic given the current indicators.
Landlords and small-portfolio investors should focus on maintaining properties to meet rising rental standards and consider adjusting rents to align with the projected FMR. This strategy will ensure they remain competitive and capitalize on the expected market conditions. Additionally, keeping an eye on broader economic factors such as employment rates and migration patterns will provide further insights into the stability and growth potential of ZIP 20710's real estate market.
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.