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 | $2,010 |
| 1 Bedroom | $2,100 |
| 2 Bedrooms | $2,320 |
| 3 Bedrooms | $2,960 |
| 4 Bedrooms | $3,480 |
| 5 Bedrooms | $4,037 |
| 6 Bedrooms | $4,521 |
| 7 Bedrooms | $4,883 |
| 8 Bedrooms | $5,127 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,100 | $264,832 | 0.79% | D |
| 2BR | $2,320 | $668,467 | 0.35% | F |
| 3BR | $2,960 | $835,694 | 0.35% | F |
| 4BR | $3,480 | $1,286,332 | 0.27% | F |
U.S. Census Bureau data (2024)
The ZIP code 22305 in Alexandria, VA, stands out due to its unique demographic and economic characteristics. With a population of 17,214 residents, it has a significant rental market where 65.4% of the households rent their homes. The median household income is relatively robust at $113,537, yet the median home value is notably higher at $815,146, indicating a strong demand for housing in the area.
From an investment standpoint, the voucher economics present an interesting opportunity. The Fair Market Rent (FMR) for ZIP 22305 in fiscal year 2024 is set at $2,090, which closely aligns with the market's ZORI (Zillow Observed Rent Index) of $2,102. This parity suggests that landlords can expect to receive fair compensation through Section 8 vouchers, making the program a viable option for managing rental properties in this ZIP code.
Given the data signature of ZIP 22305, it reads as stable. The high median home value combined with a strong rental market and median income levels indicates a consistent economic environment. Landlords and small-portfolio investors should find the area conducive to long-term investment strategies, particularly with the support of Section 8 vouchers that provide steady rental income.
To summarize, the distinct features of ZIP 22305 include a substantial rental market and a high median home value, supported by a solid median income. The voucher economics are favorable, with the FMR nearly matching the market rent, ensuring landlords receive reasonable payments. The overall stability of the area makes it attractive for those looking to invest in real estate through the Section 8 program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.