Section 8 Fair Market Rent (FMR) for ZIP 20712 - 2027

Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area

Investment Score for ZIP 20712

N/A

Monthly Rent (2BR)

$1,750

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,520
1 Bedroom	$1,580
2 Bedrooms	$1,750
3 Bedrooms	$2,230
4 Bedrooms	$2,630
5 Bedrooms	$3,051
6 Bedrooms	$3,417
7 Bedrooms	$3,690
8 Bedrooms	$3,875

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$2,230	$465,710	0.48%	F
4BR	$2,630	$516,756	0.51%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

9,563

Median Household Income

$68,846

Housing Units

4,526

Renter Percentage

76.5%

Occupancy Rate

96.9%

Renter Occupied

3,353

The ZIP code 20712, located in Fairfax County, Virginia, is a suburban area that benefits from its proximity to Washington D.C., offering residents access to major employment centers while enjoying a quieter residential setting. This area is well-served by public transportation and has a mix of older and newer housing stock, making it attractive to both long-term renters and potential homeowners.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 20712 for fiscal year 2024 is set at $1,490, providing landlords with a benchmark for rental pricing.
The market rent, as indicated by the Zillow Observed Rent Index (ZORI), stands at $1,586 for a similar unit, suggesting that landlords can price slightly above the FMR to remain competitive.
The median home value in the area is $448,124, which reflects the overall stability and desirability of the housing market.
Renters make up 76.5% of the population, indicating a strong demand for rental properties and a favorable environment for landlords and small-portfolio investors.
The median household income in ZIP 20712 is $68,846, providing insight into the economic profile of the area and the ability of residents to afford rent within the specified range.

Investors looking to enter the ZIP 20712 market should take note of the strong rental demand and the relatively high median income levels, which support the ability of tenants to meet rental obligations. The slight premium of the ZORI over the FMR suggests that there is room for landlords to charge more without deterring potential tenants. However, given the high percentage of renters, competition for units may be fierce, necessitating well-maintained properties and possibly additional amenities to attract and retain tenants.

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.