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 |
$1780 is the Fair Market Rent (FMR) for ZIP 20741 for fiscal year 2024, according to HUD guidelines. This figure represents the maximum amount that tenants participating in the Section 8 program can pay for rent and utilities combined.
165 homes are listed for sale in ZIP 20741 on Zillow, indicating a moderate level of activity in the real estate market. However, specific figures for market rent, median home value, renter share, and median income are not available from the recent search, suggesting a need for further investigation into local real estate trends.
$150,000 is the price of a three-bedroom, three-bathroom townhouse for sale in a nearby area, which could provide some insight into the affordability and pricing trends in the region. Similarly, another property listed at $269,900 reflects a different segment of the market, showcasing the variability in home prices.
$180,000 is the price tag for a two-bedroom, one-bathroom condo for sale, illustrating the range of options available for investors looking to enter the rental market in this ZIP code.
$515,000 is the asking price for a four-bedroom, three-bathroom house, highlighting the upper end of the market in terms of property value and potential rental income.
The lack of specific data points for market rent, median home value, renter share, and median income suggests that investors should rely on the FMR and current listings to gauge the local real estate environment. Given the $1780 FMR, properties priced below this threshold for rent might present good opportunities for landlords and small-portfolio investors.
Verdict: ZIP 20741 offers viable opportunities for Section 8 landlords, with the FMR providing a clear benchmark for rental pricing.
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.