Section 8 Fair Market Rent (FMR) for ZIP 20718 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,860
1 Bedroom	$1,940
2 Bedrooms	$2,150
3 Bedrooms	$2,740
4 Bedrooms	$3,230
5 Bedrooms	$3,747
6 Bedrooms	$4,197
7 Bedrooms	$4,533
8 Bedrooms	$4,760

The ZIP code 20718, located in Washington D.C., is a vibrant area known for its mix of residential and commercial properties. Despite the lack of comprehensive data on market rents, median home values, and other key metrics, the Fair Market Rent (FMR) provides a critical benchmark for rental pricing in the region.

The Fair Market Rent for ZIP 20718 for fiscal year 2024 is set at $1780. This figure represents the maximum amount that low-income families should pay in rent, based on the local housing market conditions.
The median home value is currently unavailable, indicating that there might be limited data on homeownership trends in this area. This could mean that the majority of residents are renters rather than owners.
The percentage of the population that is renting is also not available, which suggests that landlord investment opportunities could be significant given the unknown but potentially high demand for rentals.
The Days on Market (DOM) for listings is not available, making it difficult to assess the speed at which properties are typically sold or leased in this area.
The median household income for ZIP 20718 is not available, which means that investors will need to conduct further research to understand the economic profile of potential tenants or buyers.

In summary, while specific data points such as market rent and median home value are missing, the FMR of $1780 offers a solid reference point for setting competitive rental rates. The lack of detailed statistics on the percentage of renters, DOM, and median income highlights the need for thorough local market analysis before making investment decisions. Landlords and small-portfolio investors should focus on understanding the local rental dynamics and tenant demographics to make informed choices.

Data Sources: FMR data from HUD (2027).

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.