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 22215 in Arlington, VA, is well-suited for inclusion in a Section 8 portfolio strategy as a cash-flow anchor. With a median household income of $57,215, this area has a strong tenant base that can reliably afford the rent. The Fair Market Rent (FMR) for FY 2024 in this ZIP code is $2,360, which aligns closely with the median rent of $1,602. This indicates that properties in 22215 can attract tenants who are willing and able to pay the FMR, ensuring steady cash flow.
Arlington, VA, has a median home value of $224,854, reflecting a moderate housing market. However, the significant increase in median rent (+40.3% over five years) suggests that rental properties in 22215 can command higher rents relative to the cost of owning a home. This makes it a valuable addition to a Section 8 portfolio, where the focus is on maintaining positive cash flow rather than rapid appreciation.
The community features a dynamic, family-oriented environment with a median age of 32.3 years, indicating a young and growing population. This demographic trend supports the demand for rental properties, especially those that are affordable under the Section 8 program. The livability score of 76 out of 100, driven by high amenity scores and below-average cost of living, further reinforces the attractiveness of this ZIP code for long-term investment.
In summary, ZIP 22215 serves as a solid cash-flow anchor due to its alignment with FMR, strong tenant base, and positive demographic trends. This ensures consistent returns and stability within a Section 8 portfolio strategy.
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.