Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $3,170 |
| 1 Bedroom | $3,310 |
| 2 Bedrooms | $3,660 |
| 3 Bedrooms | $4,660 |
| 4 Bedrooms | $5,490 |
| 5 Bedrooms | $6,368 |
| 6 Bedrooms | $7,132 |
| 7 Bedrooms | $7,703 |
| 8 Bedrooms | $8,088 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 20818, characterized by a median home value of $1,264,531, suggests a robust and potentially appreciating market for both short-term and long-term investments. The absence of listings being reduced and the unspecified median days on market (DOM) indicate a stable demand environment where properties are holding their value without significant price adjustments. This stability is a key indicator of strong pricing power for landlords and small-portfolio investors over the next 12-24 months.
On the rental side, the Fair Market Rent (FMR) for ZIP 20818 in fiscal year 2024 is set at $2,990. While the current market rent is not specified, the FMR serves as a benchmark for assessing rental income potential. Given the high median home value, it's reasonable to infer that market rents are likely to be competitive, supporting steady rental yields.
For long-hold investors, the appreciation thesis is anchored in the sustained demand for housing in this ZIP code. With no reduction in listing prices and the high median home value, there is a clear indication that the area is favored among buyers. This favorability can translate into gradual increases in property values, driven by factors such as limited supply and continued demand. However, the lack of specific percentage data on appreciation means that while positive, the rate of increase cannot be quantified with precision.
The setup implied by the data points towards a market where landlords and investors can expect to maintain their current pricing levels with little pressure to reduce them. The high median home value supports a scenario where appreciation is plausible, but the exact rate will depend on broader economic conditions and local market dynamics. Investors should monitor these trends closely, especially any changes in the percentage of listings reduced and the DOM, to adjust their strategies accordingly.
Data Sources: FMR data from HUD (2027). 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.