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 | $2,790 |
| 1 Bedroom | $2,910 |
| 2 Bedrooms | $3,220 |
| 3 Bedrooms | $4,100 |
| 4 Bedrooms | $4,830 |
| 5 Bedrooms | $5,603 |
| 6 Bedrooms | $6,275 |
| 7 Bedrooms | $6,777 |
| 8 Bedrooms | $7,116 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,220 | $587,110 | 0.55% | F |
| 3BR | $4,100 | $926,767 | 0.44% | F |
| 4BR | $4,830 | $1,268,669 | 0.38% | F |
| 5BR | $5,603 | $1,533,584 | 0.37% | F |
U.S. Census Bureau data (2024)
The real estate market in ZIP 22182 (Vienna, VA) signals strong pricing power for the next 12-24 months. The median home value stands at a robust $1,270,083, indicating a high-end residential market. Despite this, only 0.1% of listings have reduced their prices, which suggests that sellers maintain significant control over the market. This is further reinforced by the low 5-day median Days on Market (DOM), implying quick sales and a competitive bidding environment.
The combination of high median values, minimal price reductions, and rapid sales cycles indicates that Vienna's housing market is resilient and likely to sustain current price levels. Long-term investors can expect steady appreciation, supported by the fact that the Fair Market Rent (FMR) for ZIP 22182 in fiscal year 2024 is projected to be $2,820, slightly above the current market rent of $2,808 (ZORI). This suggests that rental demand remains strong, which can translate into higher property values over time as landlords seek to maximize returns through ownership.
Moreover, the slight increase in FMR compared to ZORI points to an upward trend in rental prices, which can drive up the value of investment properties. Landlords and small-portfolio investors should take note of these dynamics, as they imply a favorable environment for holding onto properties. The setup the data implies is one where pricing power remains firmly with the seller, and rental income potential continues to rise, supporting a realistic appreciation thesis.
In summary, the current median home value, the minimal instances of price reduction, and the quick sales cycles all point towards a market where sellers have the upper hand. This, coupled with the modest increase in projected FMR, supports the idea that Vienna, VA will continue to offer attractive opportunities for long-term real estate investment.
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.