Section 8 Fair Market Rent (FMR) for ZIP 20799 - 2027

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

FY 2027 Fair Market Rent Rates

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 ZIP code 20799, located in Washington D.C., is a dynamic area known for its blend of urban living and suburban comfort. It offers a mix of residential and commercial properties, making it attractive for both tenants and investors.

The Fair Market Rent (FMR) for ZIP 20799 in fiscal year 2024 is set at $1780. This figure represents the maximum amount that can be charged for rental units under the Section 8 program.
Market rent data is currently unavailable for ZIP 20799, which means investors must rely on other indicators such as FMR and local trends to gauge potential rental income.
The median home value is also not available, suggesting a lack of comprehensive data on homeownership in this area. This could indicate a high concentration of renters rather than homeowners.
Renter share data is not available, but given the urban setting and proximity to D.C. amenities, it's likely a significant portion of residents are renters.
The days on market (DOM) data is not available, which might suggest that properties in this area sell quickly, though this remains speculative without concrete numbers.
The median household income is not available, indicating a need for further research to understand the economic profile of the area and its impact on housing demand.

In summary, while ZIP 20799 presents a promising investment opportunity due to its strategic location and urban-suburban mix, the lack of detailed market data poses challenges. Investors should focus on the Fair Market Rent of $1780 as a reliable benchmark for rental pricing under Section 8. The absence of median home values and income figures suggests a potentially strong rental market, but requires additional investigation to fully assess the financial landscape and investment potential.

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.