Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,410 |
| 1 Bedroom | $2,510 |
| 2 Bedrooms | $2,780 |
| 3 Bedrooms | $3,540 |
| 4 Bedrooms | $4,170 |
| 5 Bedrooms | $4,837 |
| 6 Bedrooms | $5,417 |
| 7 Bedrooms | $5,850 |
| 8 Bedrooms | $6,143 |
The ZIP code 22214 falls within Fairfax County, Virginia. Despite the lack of precise data for this specific ZIP, the county as a whole has a robust economy and a high cost of living, which makes understanding the Section 8 voucher program essential for landlords and small-portfolio investors.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 22214 is set at $2360 for fiscal year 2024. This figure is critical for landlords who accept Section 8 vouchers, as it dictates the maximum rental amount that can be charged for a unit. The FMR is typically lower than the actual market rent, which can vary widely depending on the location within the county. For instance, if the market rent for similar properties exceeds the FMR, landlords may need to consider other strategies to attract tenants.
The data signature for ZIP 22214 is currently classified as "stable." This suggests that the demographic and economic conditions within the area are unlikely to undergo significant changes in the near future, providing a degree of predictability for investment decisions. However, it's important to monitor broader county trends and national housing policies that could influence local dynamics.
To make informed decisions, landlords and investors should also stay updated on any changes to the FMR and the overall economic climate of Fairfax County. Engaging with local real estate associations and reviewing annual reports from HUD can provide additional insights into how the Section 8 program impacts the rental market in ZIP 22214.
While the specific details for residents, renting percentage, median income, and median home value are not available, the stable classification of the data signature implies consistent conditions that can support long-term investments. The focus on FMR provides a clear benchmark for rental pricing in areas where Section 8 vouchers are accepted.
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.