Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,320 |
| 1 Bedroom | $2,420 |
| 2 Bedrooms | $2,680 |
| 3 Bedrooms | $3,420 |
| 4 Bedrooms | $4,020 |
| 5 Bedrooms | $4,663 |
| 6 Bedrooms | $5,223 |
| 7 Bedrooms | $5,641 |
| 8 Bedrooms | $5,923 |
ZIP 22040, located within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, is best suited as a cash-flow anchor in a Section 8 portfolio strategy. The Fair Market Rent (FMR) for FY 2024 is set at $2320, which provides a stable baseline for rental income.
The lack of recent market data and median home values makes it challenging to assess appreciation potential or diversification benefits. However, the FMR figure offers a reliable benchmark for rental rates, ensuring steady cash flow for landlords and small-portfolio investors. This ZIP code's reliance on Section 8 vouchers means that properties will have consistent tenants, reducing vacancy risks and providing predictable returns.
Given the specific FMR of $2320, landlords should aim to keep their rents competitive but within the allowable limits to maximize occupancy and cash flow. While appreciation plays and diversifiers require more robust local market data, ZIP 22040 serves as a solid foundation for generating regular rental income.
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.