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 | $2,450 |
| 1 Bedroom | $2,510 |
| 2 Bedrooms | $2,820 |
| 3 Bedrooms | $3,520 |
| 4 Bedrooms | $4,150 |
| 5 Bedrooms | $4,814 |
| 6 Bedrooms | $5,392 |
| 7 Bedrooms | $5,823 |
| 8 Bedrooms | $6,114 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,820 | $588,027 | 0.48% | F |
| 3BR | $3,520 | $1,061,194 | 0.33% | F |
| 4BR | $4,150 | $1,228,231 | 0.34% | F |
| 5BR | $4,814 | $2,093,480 | 0.23% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 22213 in Arlington, VA, reveals several key points regarding the viability of Section 8 properties for landlords and small-portfolio investors.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $3070. Comparatively, the market rent as indicated by ZORI stands at $2,980. This suggests that the FMR aligns closely with market rates, making it feasible for landlords to cover their costs without significant loss.
Regarding the affordability of acquisition, the median home value in ZIP 22213 is $1,115,923. While the data does not provide days on market (DOM) or the percentage of homes sold with price cuts, the high median home value indicates that property acquisition in this area would be costly. However, the alignment between FMR and market rent supports the idea that rental income could sustain such an investment over time.
There is also a strong tenant demand in the area. With a total population of 4,021, the renter share is 33.0%, which means approximately 1,326 residents are potential renters. This figure shows a significant portion of the population seeking rental housing, suggesting that there will likely be steady interest in available units.
In conclusion, the rent math in ZIP 22213 is favorable, with the FMR being slightly higher than the market rent. Although acquisitions are expensive given the median home value, the strong tenant demand provides a solid basis for investment. Landlords can expect a stable financial return, provided they manage their properties efficiently to cover operating expenses and maintain profitability.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.