Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,380 |
| 1 Bedroom | $1,440 |
| 2 Bedrooms | $1,590 |
| 3 Bedrooms | $2,030 |
| 4 Bedrooms | $2,390 |
| 5 Bedrooms | $2,772 |
| 6 Bedrooms | $3,105 |
| 7 Bedrooms | $3,353 |
| 8 Bedrooms | $3,521 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,030 | $449,241 | 0.45% | F |
U.S. Census Bureau data (2024)
The ZIP code 21798 stands out in XX County due to its unique demographic and economic characteristics. With a population of 2,928 residents, it has a relatively low rental rate at 20.7%, indicating that most homeowners in the area prefer to own their homes rather than rent. The median household income in this ZIP is $116,607, which is significantly higher than the national average, suggesting a prosperous community. Additionally, the median home value is $504,775, reflecting the high property values in the area.
When it comes to Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 21798 in fiscal year 2024 is set at $970, whereas the market rent based on Census ACS data is $1,406. This discrepancy means that landlords who accept Section 8 vouchers in this ZIP will receive a subsidy that covers less than the actual market rent. As a result, landlords should carefully consider the potential financial impact before deciding to participate in the program.
The data signature for ZIP 21798 reads as stable. The high median income and home values indicate a consistent economic environment where residents can afford to live without relying heavily on government assistance. However, the lower rental rate also suggests that there may be limited demand for rental properties, which could affect the number of tenants willing to use Section 8 vouchers in the area.
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.