Location: Baltimore-Columbia-Towson, MD | Metro: Baltimore-Columbia-Towson, MD MSA
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 | $1,400 |
| 1 Bedroom | $1,500 |
| 2 Bedrooms | $1,850 |
| 3 Bedrooms | $2,310 |
| 4 Bedrooms | $2,570 |
| 5 Bedrooms | $2,981 |
| 6 Bedrooms | $3,339 |
| 7 Bedrooms | $3,606 |
| 8 Bedrooms | $3,786 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,310 | $465,206 | 0.5% | F |
| 4BR | $2,570 | $745,378 | 0.34% | F |
U.S. Census Bureau data (2024)
The ZIP code 20711 is situated in a high-end residential area of Arlington, Virginia, characterized by its affluent and stable community. With a total population of 7,731, it is predominantly owned by homeowners, with only 7.5% of residents being renters. This reflects a strong local economy, where the median household income stands at a robust $113,576, well above the national average. The median home value in this ZIP is also impressively high at $625,314, indicating a significant investment in property by its inhabitants.
Turning to the specifics of rental economics, the Fair Market Rent (FMR) for ZIP 20711 in fiscal year 2024 is set at $1,700. This closely aligns with the actual market rent, which according to the Census Bureau's American Community Survey (ACS), averages around $1,708. This parity between FMR and market rent suggests that the rental properties in this ZIP code are fairly priced, providing a good opportunity for both hands-off voucher operators and hands-on value-add buyers.
For hands-off voucher operators, the stable economic environment and close alignment between FMR and market rents make ZIP 20711 an attractive location. Landlords can expect consistent occupancy rates and stable cash flows without the need for extensive property management efforts. On the other hand, for hands-on value-add buyers looking to improve and increase the value of their properties, the high median home value and strong local economy provide a solid foundation. These investors can target the niche of renters who might prefer the convenience and quality of living in this upscale area, even if they are receiving rental assistance through Section 8 vouchers.
In conclusion, ZIP 20711 presents a balanced opportunity for both types of investors. Its affluent demographic and stable rental market offer a secure investment climate for hands-off operators, while the potential for value enhancement makes it appealing for those willing to actively manage and improve their properties.
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.