Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,140 |
| 1 Bedroom | $2,230 |
| 2 Bedrooms | $2,470 |
| 3 Bedrooms | $3,150 |
| 4 Bedrooms | $3,710 |
| 5 Bedrooms | $4,304 |
| 6 Bedrooms | $4,820 |
| 7 Bedrooms | $5,206 |
| 8 Bedrooms | $5,466 |
ZIP code 20787, located within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, has a Fair Market Rent (FMR) of $2100 for fiscal year 2024. This figure places it below the typical FMRs found across other ZIP codes in this expansive metropolitan area, which generally range higher. The absence of specific market rent and home value data for 20787 makes direct comparisons challenging, but the lower FMR suggests that it could be considered a value pocket relative to the broader metro region.
In the context of the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, ZIP codes with FMRs around $2100 tend to offer more affordable housing options compared to areas where FMRs are significantly higher. This characteristic aligns with the concept of a value pocket, an area where rental costs are relatively low while still being part of a larger, economically robust metro area.
The lack of data on market rents and home values, coupled with the unknown percentage of renters, means we cannot definitively categorize 20787 as having a high renter share with below-metro home values. However, the lower FMR can still indicate potential opportunities for landlords and small-portfolio investors looking for less competitive pricing environments within the metro.
Given the limited information, it is prudent to conduct further research into the specific dynamics of ZIP 20787, such as local economic conditions, job availability, and demographic trends, to better understand its position within the metro and its potential as a Section 8 investment location.
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.