Section 8 Fair Market Rent (FMR) for ZIP 20849 - 2027

FY 2027 Fair Market Rent Rates

The Fair Market Rent (FMR) for ZIP code 20849 in Washington, D.C., for fiscal year 2024 is set at $2100. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program. It's important to note that this is not the amount you would charge as rent; it's the maximum subsidy amount the government will pay on behalf of eligible tenants.

In ZIP 20849, the local median rent is currently N/A, which means the FMR of $2100 is designed to reflect the average rental costs in the area. The N/A% of renters who rely on subsidies indicates a significant portion of the population looking for affordable housing options. This suggests there is a strong demand for properties that qualify under the Section 8 program.

The acquisition cost for a property in this ZIP code is also N/A, which can vary widely depending on the type and condition of the property. However, it's crucial to ensure your property meets the minimum standards required by the Department of Housing and Urban Development (HUD) to be eligible for the voucher program. These standards include basic safety and habitability criteria, such as proper heating, plumbing, and electrical systems.

Before deciding to participate in Section 8 with your first rental property in ZIP 20849, verify that your property complies with all HUD requirements. This includes conducting a thorough inspection and possibly making necessary improvements to meet the standards. Once these conditions are met, you can confidently expect to receive the full $2100 subsidy per month for a tenant in the voucher program, provided the rent does not exceed this amount.

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.