Section 8 Fair Market Rent (FMR) for ZIP 20882 - 2027

Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area

Investment Score for ZIP 20882

N/A

Monthly Rent (2BR)

$2,030

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,760
1 Bedroom	$1,840
2 Bedrooms	$2,030
3 Bedrooms	$2,590
4 Bedrooms	$3,050
5 Bedrooms	$3,538
6 Bedrooms	$3,963
7 Bedrooms	$4,280
8 Bedrooms	$4,494

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$2,590	$546,209	0.47%	F
4BR	$3,050	$829,552	0.37%	F
5BR	$3,538	$1,042,218	0.34%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

13,751

Median Household Income

$184,136

Housing Units

4,738

Renter Percentage

3.7%

Occupancy Rate

99.1%

Renter Occupied

175

ZIP code 20882, located within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, presents unique characteristics when compared to typical ZIP codes in this extensive metropolitan region. The Fair Market Rent (FMR) for 20882 is set at $2380 for fiscal year 2024, which is notably higher than the average market rent of $1,578. This suggests that properties in this ZIP are positioned above the local market average, indicating a premium sub-market status.

The median home value in 20882 stands at $802,874, reflecting a high-end residential area where property investments can command significant premiums. However, the renter share in this ZIP is relatively low at 3.7%, implying that it is predominantly an owner-occupied area rather than a rental hotspot. This low renter share contrasts with the high FMR, suggesting that while there might be opportunities for high-rental income, the overall rental market presence is limited.

To determine if 20882 represents a value pocket, a mid-tier neighborhood, or a premium sub-market within its larger metro context, consider the following:

Premium Sub-Market: The high FMR and median home value indicate that 20882 is likely a premium sub-market. Properties here are expected to yield higher returns, both in terms of sale and rental prices, compared to the broader metro area.
Value Pocket: A value pocket typically has lower home values and higher renter shares, making it attractive for Section 8 participants. In 20882, the high home values and low renter share do not align with this description.
Mid-Tier Neighborhood: While 20882's figures suggest it leans towards being a premium sub-market, the gap between the FMR ($2380) and the median home value ($802,874) could imply that it is also somewhat of a mid-tier neighborhood in terms of rental affordability relative to homeownership costs.

Note the divergence between the high FMR and the lower market rent. This discrepancy indicates that while there is potential for high rental income, the actual market rents are significantly below the HUD's fair market assessment. For landlords and small-portfolio investors interested in Section 8 housing, this could signal a sweet spot due to the high FMR relative to the actual market rent, allowing for better subsidies and potentially higher net incomes from rental properties.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.