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 | $2,740 |
| 1 Bedroom | $2,860 |
| 2 Bedrooms | $3,160 |
| 3 Bedrooms | $4,020 |
| 4 Bedrooms | $4,740 |
| 5 Bedrooms | $5,498 |
| 6 Bedrooms | $6,158 |
| 7 Bedrooms | $6,651 |
| 8 Bedrooms | $6,984 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $4,020 | $1,249,136 | 0.32% | F |
| 4BR | $4,740 | $1,474,146 | 0.32% | F |
| 5BR | $5,498 | $2,099,440 | 0.26% | F |
U.S. Census Bureau data (2024)
The ZIP code 22066, with a population of 17,185, has only 4.7% of its residents as renters. This indicates that it is predominantly a homeowner-dominated area rather than a renter-heavy ZIP. The median household income stands at $250,001, which is quite high compared to the national average. However, the market rent for properties in this area is set at $5,450 per month, a figure that consumes a significant portion of the local income.
To put this into perspective, the typical rent of $5,450 represents approximately 21.8% of the median household income. This suggests that tenants who can afford such rents likely have higher incomes or receive additional financial support, making them prime candidates for Section 8 vouchers. The Fair Market Rent (FMR) for ZIP 22066, as determined by HUD for FY 2024, is $3,070. This means that the market rent is nearly double the FMR, indicating a substantial gap between what the market demands and what government subsidies can cover.
Given these conditions, landlords in ZIP 22066 should expect a tenant pool that heavily relies on Section 8 vouchers to bridge the affordability gap. These tenants will likely be families or individuals who qualify for federal housing assistance due to their lower income levels relative to the local cost of living. Landlords must prepare to work within the parameters of the Housing Choice Voucher program, including regular inspections, rent calculations based on tenant income, and maintaining compliance with program rules.
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.