Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,160 |
| 1 Bedroom | $2,250 |
| 2 Bedrooms | $2,490 |
| 3 Bedrooms | $3,170 |
| 4 Bedrooms | $3,740 |
| 5 Bedrooms | $4,338 |
| 6 Bedrooms | $4,859 |
| 7 Bedrooms | $5,248 |
| 8 Bedrooms | $5,510 |
The ZIP code 22313, located within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, is best positioned as a cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $2090, which provides a stable and predictable income source for landlords. This figure is particularly useful as it represents the upper limit for rent subsidies, ensuring that properties priced at or below this level will attract consistent tenant interest.
While specific market data for ZIP 22313 is limited, broader trends within the region suggest that the housing market remains competitive. The median home value in the broader area is not specified, but given the proximity to Washington D.C., it is reasonable to assume that home values are relatively high, making rental properties a viable alternative for many residents. The flood risk in 22313 is categorized as major, with 31% of properties at risk of severe flooding over the next 30 years, indicating the need for thorough due diligence when selecting properties for investment.
Investing in ZIP 22313 as a cash-flow anchor ensures steady income through Section 8 rental subsidies. Given the lack of recent market data, it is prudent to rely on the FMR as a reliable indicator of the maximum rent subsidy available. Landlords and small-portfolio investors can leverage this predictability to manage their financial expectations and plan for long-term stability within their investment strategies.
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.