Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,200 |
| 1 Bedroom | $1,260 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $2,110 |
| 5 Bedrooms | $2,448 |
| 6 Bedrooms | $2,742 |
| 7 Bedrooms | $2,961 |
| 8 Bedrooms | $3,109 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 21778 within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area reveals a competitive landscape for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for ZIP 21778 is set at $1240 for the fiscal year 2024. However, due to limited data on current market rents, it's challenging to provide a direct comparison. Based on the available HUD FMR, voucher tenants would likely cashflow at this rate, assuming the market rent does not significantly exceed the FMR.
To derive the rent-to-price ratio, we can use the median home value of $445,952. This indicates that the rental income generated by properties in this area is relatively low compared to their purchase price, suggesting that the primary benefit for investors would be long-term stability rather than high rental yields. The lack of day-specific median Days on Market (DOM) and percentage of price-cut shares makes it difficult to assess the exact dynamics between renting and buying. However, the low rent-to-price ratio implies that buying may be more advantageous for those seeking equity appreciation over time.
The strongest investor angle in ZIP 21778 is likely stability. Given the established HUD FMR and the high median home value, investors can expect consistent returns through steady rental income and stable property values, making this area ideal for those looking for reliable, long-term investment opportunities.
Data Sources: FMR data from HUD (2027). 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.