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 | $2,630 |
| 1 Bedroom | $2,740 |
| 2 Bedrooms | $3,040 |
| 3 Bedrooms | $3,870 |
| 4 Bedrooms | $4,560 |
| 5 Bedrooms | $5,290 |
| 6 Bedrooms | $5,925 |
| 7 Bedrooms | $6,399 |
| 8 Bedrooms | $6,719 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $3,870 | $953,459 | 0.41% | F |
| 4BR | $4,560 | $1,305,527 | 0.35% | F |
| 5BR | $5,290 | $1,452,445 | 0.36% | F |
U.S. Census Bureau data (2024)
The ZIP code 22027 stands out in its county due to a unique mix of economic indicators that set it apart from other areas. With only 1,939 residents, this ZIP is relatively small, yet it boasts a median household income of $250,001, which is significantly higher than the national average. The median home value in ZIP 22027 is an impressive $1,318,760, reflecting a high-end residential market. However, despite these robust economic figures, only 1.4% of the residents are renters, indicating a strong preference for homeownership.
Turning to the specifics of Section 8 housing assistance, the Fair Market Rent (FMR) for ZIP 22027 has been set at $2,500 for the fiscal year 2024. This figure represents the maximum amount of rental assistance that a landlord can receive through the voucher program. It's important to note that there is no readily available data on the market rent for this area, making it challenging to compare the FMR to actual rental rates. However, given the high median home value, it's reasonable to infer that rental prices in this ZIP are also likely to be on the higher side.
The economic stability of ZIP 22027 is evident in its strong median income and home values. These factors suggest that the area is stable and unlikely to experience significant transitions in the near future. Landlords and small-portfolio investors should consider the limited rental market when deciding to participate in the Section 8 program, as the demand for rental properties is low compared to other ZIP codes. Nonetheless, the high FMR provides a solid financial incentive for those who choose to offer their properties under the voucher program.
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.