Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,040 |
| 1 Bedroom | $2,130 |
| 2 Bedrooms | $2,360 |
| 3 Bedrooms | $3,010 |
| 4 Bedrooms | $3,540 |
| 5 Bedrooms | $4,106 |
| 6 Bedrooms | $4,599 |
| 7 Bedrooms | $4,967 |
| 8 Bedrooms | $5,215 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,130 | $128,487 | 1.66% | A+ |
| 2BR | $2,360 | $316,599 | 0.75% | D |
| 3BR | $3,010 | $459,767 | 0.65% | D |
| 4BR | $3,540 | $519,997 | 0.68% | D |
| 5BR | $4,106 | $528,250 | 0.78% | D |
U.S. Census Bureau data (2024)
The ZIP code 20782 encompasses a significant portion of Hyattsville, MD, a suburban neighborhood situated just outside Washington D.C. With a total population of 34,293, it's clear that renting is a prevalent choice among residents, with 56.2% of the populace being renters. The area boasts a median household income of $90,205, indicating a relatively affluent community. This affluence is further reflected in the median home value of $434,789, which suggests a mix of both modest and upscale housing options.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 20782 for fiscal year 2024 is set at $1,880, closely matching the market rent as indicated by the Zillow Observed Rent Index (ZORI), which stands at $1,878. This parity between FMR and market rents highlights a stable and predictable rental environment, where Section 8 vouchers can effectively cover the cost of living without leaving landlords significantly shortchanged.
Given these economic conditions, ZIP 20782 would be an ideal location for a hands-off voucher operator. The high percentage of renters and the alignment of FMR with market rents mean that there is a steady demand for rental properties that accept vouchers. For those interested in a hands-on approach, there is also potential for value-add investments, especially considering the area's median income levels. However, the focus should remain on improving property values and rental appeal through renovations or better management practices, as the market shows little room for substantial rent increases above the current FMR.
In conclusion, for investors looking to enter the Hyattsville, MD rental market, ZIP 20782 presents a balanced opportunity. It supports both passive income strategies through hands-off voucher operations and active investment strategies aimed at enhancing property value. The key lies in understanding the local dynamics and leveraging the existing economic stability to achieve financial goals.
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.