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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $3,520 | $844,500 | 0.42% | F |
| 4BR | $4,150 | $986,296 | 0.42% | F |
| 5BR | $4,814 | $1,177,081 | 0.41% | F |
U.S. Census Bureau data (2024)
ZIP code 22308 is situated within the expansive Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area. Its Fair Market Rent (FMR) stands at $3070 for fiscal year 2024, which is notably lower than the average market rent of $4,375. This discrepancy indicates that 22308 could be considered a value pocket within the broader metropolitan area.
The median home value in ZIP 22308 is $975,988, reflecting a higher cost of property compared to many other areas within the same metro region. However, the 6.2% renter share suggests that while there is a significant number of homeowners, the proportion of renters is relatively low. This combination of factors—lower FMR but higher home values with a modest renter share—positions 22308 as an area where landlords can find opportunities that balance between affordability and property value.
To further contextualize, let's compare these figures to typical ZIP codes within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area. Generally, ZIP codes with higher median home values tend to have a lower renter share, aligning with the trend observed in 22308. The lower FMR relative to the market rent also points to potential rental subsidies through programs like Section 8, making it attractive for landlords looking to serve subsidized tenants without the usual constraints of lower-income areas.
In summary, ZIP 22308 presents a unique scenario within its metro area. It offers a mix of affordable rents for subsidized housing programs, alongside higher property values. This makes it a strategic location for landlords and small-portfolio investors who aim to capitalize on the demand for affordable housing while maintaining a foothold in a relatively high-value real estate market. The specific figures indicate that while it isn't the most premium sub-market, it certainly diverges from the norm in ways that can be advantageous for those involved in Section 8 properties.
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.