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 |
ZIP 20752 in the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area is best suited as an appreciation play within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for ZIP 20752 in fiscal year 2024 is set at $1780. Although the market data for this specific ZIP code is not directly available, we can infer from broader trends in the region that there is potential for significant capital appreciation.
The median household income in this area is notably high at $137,875, which suggests a robust economic foundation. Additionally, the median home value is listed at $750,000, indicating a strong housing market. While there are limited recent sales data points, the highest property value recorded is $824,195, showing that there are high-value properties within the ZIP code.
A ZIP code with such characteristics typically experiences less volatility in rental income compared to areas with lower median incomes and home values. Given the high median income and home values, it is likely that the area will see steady demand for rentals, leading to stable or increasing rental rates over time. This makes ZIP 20752 a favorable location for appreciation plays, where the focus is on the long-term increase in property value rather than immediate cash flow.
In summary, ZIP 20752 should be considered as part of an appreciation play strategy within a Section 8 portfolio due to its high median income and home values, which contribute to a stable rental market and potential for capital appreciation.
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.