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 |
ZIP code 20857 falls within the broader Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area. For fiscal year 2024, the Fair Market Rent (FMR) for ZIP 20857 is set at $2100. This figure represents the maximum amount that a household receiving Section 8 assistance can pay for rent.
The lack of specific market rent and home value data for ZIP 20857 makes direct comparisons challenging, but we can infer its position relative to other ZIP codes within the same metro area based on the FMR alone. The FMR of $2100 suggests that 20857 could be considered a mid-tier neighborhood within the metro. To put this into context, the metro's overall FMR range typically varies, with some areas having higher or lower FMRs.
Without precise market rent and home value data, it's difficult to definitively classify 20857 as either a value pocket or a premium sub-market. However, the absence of data regarding market rents and home values might indicate that the area is less developed or has fewer rental properties compared to other parts of the metro. This could also suggest that 20857 is an emerging market or has unique characteristics that make it distinct from the average ZIP code within the Washington-Arlington-Alexandria area.
The unknown percentage of renter share adds another layer of complexity. A high renter share combined with lower-than-average home values often indicates a favorable environment for Section 8 tenants, as it can mean a higher concentration of affordable housing options. Since the renter share is listed as N/A, we cannot conclusively determine if 20857 fits this profile, but the low FMR of $2100 could imply a potential sweet spot for Section 8 properties.
To accurately assess whether ZIP 20857 is a value pocket, a mid-tier neighborhood, or a premium sub-market, additional data on local market conditions would be required. Landlords and small-portfolio investors should consider the broader trends within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area and use the FMR of $2100 as a baseline for their investment decisions in 20857.
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.