Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| 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 Fair Market Rent (FMR) for ZIP code 20726 in Washington, D.C., for fiscal year 2024 is set at $1780. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not the amount tenants will pay out of pocket; it's the total rent paid by both the tenant and the government.
In ZIP 20726, the local market rent is currently N/A. The FMR is designed to reflect a reasonable estimate of typical rents in the area, but it does not always match the actual market conditions precisely. If the local market rent is higher than the FMR, landlords participating in Section 8 may need to adjust their expectations on rental income.
The percentage of renters in the area who could potentially benefit from Section 8 housing assistance is N/A%. This indicates the demand for subsidized housing. A higher percentage suggests a larger pool of potential tenants interested in Section 8 rentals, which can be beneficial for landlords looking to ensure occupancy.
The median home value in ZIP 20726 is N/A. This figure helps to understand the typical acquisition cost of properties in the area. Landlords should compare this to the FMR to assess whether the Section 8 payment standard is sufficient to cover their mortgage and maintenance costs.
Before committing to a Section 8 rental property in ZIP 20726, landlords must verify that their property meets all the necessary housing quality standards. These standards are set by HUD and are essential to ensure eligibility for the program. Failure to meet these criteria can result in disqualification from receiving Section 8 payments.
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.