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 |
The data for ZIP code 20894, located in Maryland, reveals several key characteristics that make it distinct. Specifically, the area has a median income of $117,333 and a median home value of $425,000. However, detailed resident counts and the percentage of those renting are not readily available. Given these figures, it suggests an affluent neighborhood with higher-than-average property values.
Moving to the voucher economics, the Fair Market Rent (FMR) for the metropolitan area including ZIP 20894 for fiscal year 2026 is set at $2,280. This figure is crucial for landlords and small-portfolio investors as it determines the maximum rental assistance payment that can be made through the Housing Choice Voucher program, commonly known as Section 8. While the exact market rent for ZIP 20894 isn't specified, the FMR provides a benchmark for rental pricing and potential returns on investment.
Based on the available data, ZIP 20894 appears to have a stable economic profile. The high median income and home values indicate a consistent demand for housing in the area, likely driven by professional and executive-level positions. For investors, this means a reliable tenant pool with a demonstrated ability to pay higher rents. The FMR, while lower than the median home value, still offers a significant rental subsidy that can help maintain occupancy rates and ensure steady cash flows.
In summary, ZIP 20894 stands out due to its high median income and home values, positioning it as a desirable area for both living and investment. The voucher economics, with an FMR of $2,280, support this stability by ensuring a viable rental assistance mechanism. Landlords and investors should find this environment conducive to long-term, stable returns.
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.