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 | $2,460 |
| 1 Bedroom | $2,560 |
| 2 Bedrooms | $2,840 |
| 3 Bedrooms | $3,610 |
| 4 Bedrooms | $4,260 |
| 5 Bedrooms | $4,942 |
| 6 Bedrooms | $5,535 |
| 7 Bedrooms | $5,978 |
| 8 Bedrooms | $6,277 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $3,610 | $1,039,007 | 0.35% | F |
| 4BR | $4,260 | $1,149,710 | 0.37% | F |
| 5BR | $4,942 | $1,297,622 | 0.38% | F |
U.S. Census Bureau data (2024)
2400 is the Fair Market Rent (FMR) for ZIP 22039 as of fiscal year 2024, indicating the maximum amount Section 8 tenants can be charged for a two-bedroom apartment. 3501 is the actual market rent for the same area according to Census ACS data, suggesting landlords can expect a slight premium over the FMR when renting to non-subsidized tenants. 1187329 is the median home value in this ZIP code, reflecting a robust housing market where properties are highly valued. 4.0 is the percentage of residents who are renters, showing a relatively low demand for rental properties compared to homeownership. However, 250001 is the median income, which is substantial and indicates that residents have the financial capacity to afford higher rents or mortgage payments. 9 days is the average Days on Market (DOM), meaning properties are typically rented out quickly once they become available. 0 percent is the share of listings that require a price cut, demonstrating strong market conditions where landlords rarely need to reduce their asking prices. In conclusion, despite the low renter share, the high median income and rapid property turnover suggest that landlords in ZIP 22039 can effectively manage Section 8 properties without significant risk. The verdict for Section 8 participation in this ZIP code is positive.
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.