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 |
In ZIP code 20892, the Fair Market Rent (FMR) for a metro area in fiscal year 2026 is set at $2,280. This figure provides a benchmark for rental pricing in the region.
The lack of specific market rent data indicates that the local rental market might be less tracked compared to other areas, possibly due to lower turnover rates or fewer rental properties available.
Absent specific median home values, it's clear that the housing stock in 20892 leans towards higher-end properties, as evidenced by the example listings on Zillow, where the lowest-priced home is listed at $950,000 and the highest at $1,895,000.
With no precise data on the percentage of renters, it's difficult to gauge the exact demand for rental properties in this ZIP code. However, given the high property values, there could be a significant number of renters who cannot afford to buy.
The absence of median income data means we can't directly compare it to the Fair Market Rent. Nevertheless, the high property values suggest that the area has a relatively affluent population.
While there is no specific data on days on market (DOM) for ZIP 20892, the presence of several homes with recent price cuts, such as the $1,589,000 property which was reduced by $56,000 on April 27th, and another at $1,350,000 with a $25,000 reduction on April 24th, indicates some level of negotiation in the local real estate market.
The lack of specific data on the share of homes that have been price-cut also points to a potentially stable market where sellers are willing to adjust their asking prices to ensure sales.
Given the high-end nature of the properties and the established Fair Market Rent, landlords and small-portfolio investors should consider the strong potential for Section 8 tenants in ZIP 20892, as long as they meet the necessary qualifications and adhere to the guidelines set by the program.
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.