Section 8 Fair Market Rent (FMR) for ZIP 22067 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 22067 in Unknown, DC presents several challenges for landlords and small-portfolio investors considering Section 8 investments. Tenant turnover is a significant concern, with market rents being undefined compared to the Fair Market Rent (FMR) of $2240 for FY 2024. This uncertainty can lead to financial instability, as landlords may struggle to maintain consistent rental income if tenants frequently move out due to higher market rents.

Vacancy exposure is another critical issue. With an undefined number of days on the market (DOM), it's challenging to predict how long a property might remain vacant. A prolonged vacancy can result in lost revenue and increased costs associated with maintaining an unoccupied property.

Deferred maintenance is also a risk factor, especially when there is no data available on the typical home value and median income in the area. Without these figures, it's difficult to assess the likelihood that tenants will be able to afford necessary repairs and upkeep, potentially leading to a decline in property quality over time.

Despite these risks, the undefined percentage of renters in ZIP 22067 suggests a high density of potential voucher holders. High renter density typically correlates with a higher demand for Section 8 vouchers, which can provide a stable source of rental income for landlords willing to participate in the program.

Verdict: Moderate risk for a first-time Section 8 landlord.

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.