Section 8 Fair Market Rent (FMR) for ZIP 22035 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 22035 is part of the Fairfax, VA area. Unfortunately, the specific demographic details such as total population, percentage of renters, median income, and median home value for ZIP 22035 are not available in the recent data sets. However, it is important to note that the surrounding area of Fairfax, VA generally reflects a diverse and affluent community.

Moving onto the economic aspects relevant to Section 8 investors, the Fair Market Rent (FMR) for ZIP 22035 for fiscal year 2024 is set at $2240. This figure represents the amount that HUD considers sufficient to cover rental costs in the area without causing undue financial hardship to tenants. While the exact market rent is not specified, the FMR serves as a benchmark for evaluating rental properties.

Given the limited data, it is difficult to provide a detailed analysis of whether 22035 fits a hands-off voucher operator or a hands-on value-add buyer. However, the high FMR suggests that the area is likely to be competitive, which could benefit landlords who are willing to actively manage their properties and potentially add value through improvements. For hands-off operators, the stability of the surrounding Fairfax area might still make it a viable option, but they should be prepared for a higher level of scrutiny and competition.

To make a more informed decision, potential investors should consult local real estate professionals or conduct further research on the specific neighborhood within ZIP 22035 to understand the local dynamics better.

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.