Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,630 |
| 1 Bedroom | $2,740 |
| 2 Bedrooms | $3,040 |
| 3 Bedrooms | $3,870 |
| 4 Bedrooms | $4,550 |
| 5 Bedrooms | $5,278 |
| 6 Bedrooms | $5,911 |
| 7 Bedrooms | $6,384 |
| 8 Bedrooms | $6,703 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 22211, located within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, reveals several key points that impact investment decisions. The HUD Fair Market Rent (FMR) for ZIP 22211 is set at $3070 for fiscal year 2024. In comparison, the market rent as reported by the Census Bureau's American Community Survey (ACS) stands at $3,501. This indicates that landlords accepting Section 8 vouchers will experience marginal cash flow at the HUD FMR rate, as the vouchers do not cover the full market rent.
The median home value in ZIP 22211 is not available, which means deriving a precise rent-to-price ratio is challenging. However, given the significant gap between the HUD FMR and the market rent, it can be inferred that the rent-to-price ratio would likely favor homeownership over renting for those seeking long-term financial stability. Despite the lack of specific data on median days on market (DOM) and percentage of price cuts, these figures typically suggest that the rental market is more competitive and potentially less stable compared to the housing market.
Investors should consider that while cash flow might be limited when relying solely on Section 8 vouchers, the overall stability and demand for affordable housing in this area could provide a strong foundation for long-term investment. The robust need for subsidized housing in ZIP 22211 makes stability the strongest investor angle, ensuring consistent occupancy rates and reducing the risk associated with market fluctuations.
Data Sources: FMR data from HUD (2027). 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.