Section 8 Fair Market Rent (FMR) for ZIP 22219 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 22219 is located in Arlington, Virginia, and primarily serves as a post office box area. Specific demographic details such as population size, percentage of renters, median income, and median home value were not found in the available data.

However, focusing on the rent economics, the Fair Market Rent (FMR) for ZIP code 22219 is set at $2360 for the fiscal year 2024. This figure is crucial for Section 8 landlords and investors as it dictates the maximum allowable rent for units participating in the program. Without exact market rent data, we must rely on the FMR to gauge the potential profitability of investing in this area.

Given the lack of detailed market rent data, it's prudent to consider the type of investor that might be best suited for this ZIP code. For a hands-off voucher operator, the stability and predictability offered by the Section 8 program can be advantageous, especially if the property management is handled by a reliable third party. However, for a hands-on value-add buyer, the absence of comprehensive market data may pose challenges in accurately assessing the potential for rental increases beyond the FMR.

In conclusion, ZIP code 22219 appears to be a suitable location for hands-off Section 8 operators due to the clear guidelines provided by the FMR. For those looking to actively manage their investments and seek opportunities for higher returns, further research into the local rental market trends would be necessary to make informed decisions.

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.