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 |
To incorporate ZIP 20830 into a Section 8 portfolio strategy, one must first understand the fundamentals of the area's rental market. For fiscal year 2024, the Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 20830 is set at $2100. This figure serves as a critical benchmark for landlords participating in the Section 8 program, as it dictates the maximum allowable rent for units in this area.
The lack of specific data on market rents and median home values suggests that ZIP 20830 could be considered a cash-flow anchor. In the absence of comparative market data, the FMR provides a stable and predictable source of income. Landlords can rely on the consistent payment structure of Section 8, which covers the difference between the tenant's contribution and the FMR, ensuring steady cash flow regardless of market fluctuations.
ZIP 20830's alignment with the HUD Metro FMR Area for Washington-Arlington-Alexandria, DC-VA-MD, further emphasizes its role as a reliable component of a Section 8 portfolio. The broader metropolitan area typically experiences robust demand for affordable housing, which supports the stability of rental incomes within the Section 8 framework.
While there is insufficient data to definitively classify ZIP 20830 as an appreciation play or a diversifier, its status as a cash-flow anchor is supported by the predictability of the FMR and the strong demand for subsidized housing in the region. This makes it a safe choice for landlords looking to secure long-term, dependable rental income without the risk associated with volatile market conditions.
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.