Section 8 Fair Market Rent (FMR) for ZIP 20792 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 20792 in Washington-Arlington-Alexandria County, DC, presents a unique challenge due to the lack of specific demographic data available at this time. The absence of figures regarding the number of residents, the percentage of renters, median income, and median home value makes it difficult to paint a precise picture of the area's economic landscape. However, the voucher economics provide some insight into the rental market dynamics.

The Fair Market Rent (FMR) for ZIP 20792 for fiscal year 2024 is set at $1780. This figure is crucial for landlords and small-portfolio investors who participate in the Section 8 program. It indicates the maximum amount that can be charged for rent under the program, reflecting the government's assessment of the local rental market. Despite the lack of comparative market data, this FMR provides a benchmark for rental pricing in the area.

Given the incomplete data signature, it is challenging to definitively classify ZIP 20792 as either stable or transitional. Typically, a stable market would have consistent figures over time, whereas a transitional market might show fluctuations in resident numbers, rental rates, and income levels. Without these specifics, landlords and investors should proceed with caution, closely monitoring any updates to the demographic and economic data to better understand the ZIP code's potential for growth or stability.

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.