Section 8 Fair Market Rent (FMR) for ZIP 20875 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 20875 in Washington, D.C., is characterized by limited available demographic data, which includes an unknown population size, an unspecified percentage of renters, and an unreported median household income. This lack of specific figures makes it challenging to provide a precise analysis of the rental market dynamics and the prevalence of Section 8 tenants in the area.

Despite the absence of concrete numbers, we can infer that ZIP 20875 likely has a significant number of renters due to its location within Washington, D.C., where the majority of residents are typically renters. However, without the exact percentage, it's unclear if this ZIP is particularly renter-heavy compared to other areas in the city.

The median household income data being unavailable hinders our ability to accurately assess how much of the local income goes towards rent. Nevertheless, we can use the Fair Market Rent (FMR) figure to gauge the general affordability of housing. For FY 2024, the FMR in ZIP 20875 is set at $2100. This means that a landlord should expect that the typical market rent should align closely with this amount, or slightly below it, to attract tenants who might be using Section 8 vouchers.

To provide context on the impact of rental costs on income, we would normally compare the market rent to the median household income. Given the lack of income data, we cannot calculate the exact percentage of income that rent consumes. However, it is important for landlords to understand that in areas with high concentrations of voucher holders, rents tend to hover around the FMR or just below to maximize the number of eligible tenants.

A landlord in ZIP 20875 should anticipate a tenant pool that is likely to include a mix of individuals and families who rely on Section 8 vouchers. These tenants will have their rent subsidized up to the FMR level, making it essential for landlords to ensure their properties meet the Housing Quality Standards (HQS) required by the program. Additionally, landlords should be prepared to work with the local Public Housing Agency (PHA) to manage the administrative aspects of accepting Section 8 tenants.

In summary, while the specific demographics are not available, ZIP 20875 is expected to have a substantial rental market with demand for Section 8 vouchers. The FMR of $2100 guides landlords on setting competitive rent rates that will appeal to voucher recipients, ensuring a steady stream of potential tenants.

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.