Section 8 Fair Market Rent (FMR) for ZIP 20769 - 2027

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

Investment Score for ZIP 20769

N/A

Monthly Rent (2BR)

$3,080

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$2,670
1 Bedroom	$2,780
2 Bedrooms	$3,080
3 Bedrooms	$3,930
4 Bedrooms	$4,620
5 Bedrooms	$5,359
6 Bedrooms	$6,002
7 Bedrooms	$6,482
8 Bedrooms	$6,806

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$3,930	$464,311	0.85%	C
4BR	$4,620	$653,444	0.71%	D
5BR	$5,359	$737,784	0.73%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

6,947

Median Household Income

$139,773

Housing Units

2,502

Renter Percentage

9.3%

Occupancy Rate

95.0%

Renter Occupied

221

ZIP code 20769, located in Loudoun County, Virginia, is part of a thriving suburban area characterized by its proximity to Washington D.C., strong job market, and high quality of life. This region attracts a diverse mix of residents, including young professionals, families, and retirees.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 20769 for fiscal year 2024 is set at $2,730. This figure reflects the government's assessment of rental affordability in the area.
The average market rent for properties in this ZIP code, according to the Census Bureau's American Community Survey, is $1,791. This indicates that the actual rental rates may be lower than the FMR, offering potential savings for tenants.
The median home value in ZIP 20769 stands at $644,492. This suggests a robust housing market where property values are likely to remain stable or increase over time.
Renters make up 9.3% of the total population in this ZIP code. This relatively low percentage implies that homeownership is prevalent, but there is still a significant demand for rental properties.
The median household income in ZIP 20769 is $139,773. This high income level supports a strong rental market and indicates that tenants can afford higher rents.

Synthesizing these points, ZIP 20769 presents a balanced investment opportunity. While the renter share is modest, the high median income and stable property values suggest that rental demand will persist. The gap between the FMR and the actual market rent provides a margin for landlords to adjust their pricing strategies without deterring tenants. For small-portfolio investors, focusing on properties that offer amenities and locations attractive to young professionals and families could yield favorable returns. However, given the strong homeownership trend, it's important to target the niche market effectively to maximize occupancy and rental income.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).

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.