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 analysis of ZIP 20753 within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area reveals several key points regarding the viability of rental investments.
The rent math does not work due to insufficient data. The Fair Market Rent (FMR) for ZIP 20753 is set at $1780 for fiscal year 2024. However, without specific market rent figures, it's impossible to compare and determine if the investment would be profitable based on rental income alone.
Acquisition affordability cannot be assessed accurately as there is no data available on the median home value, days on market (DOM), and the percentage of homes that have undergone price cuts. These metrics are crucial for understanding how easy or difficult it is to purchase properties at reasonable prices and whether they sell quickly or require significant discounts to attract buyers.
Tenant demand is also unclear given the lack of population and renter share data. Without knowing the size of the potential tenant pool and the proportion of residents who prefer renting over owning, it's challenging to predict whether there will be sufficient demand to sustain rental operations.
In summary, while the Fair Market Rent provides a benchmark for rental pricing at $1780 per month, the absence of critical market data such as median home values, days on market, price cut percentages, population numbers, and the share of renters makes it difficult to conclude on the overall feasibility of investing in ZIP 20753. Landlords and small-portfolio investors should seek additional data before making any decisions.
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.