Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,670 |
| 1 Bedroom | $1,740 |
| 2 Bedrooms | $1,930 |
| 3 Bedrooms | $2,460 |
| 4 Bedrooms | $2,900 |
| 5 Bedrooms | $3,364 |
| 6 Bedrooms | $3,768 |
| 7 Bedrooms | $4,069 |
| 8 Bedrooms | $4,272 |
The real estate landscape in ZIP 22402 (Unknown, DC) is poised for significant shifts in the coming 12-24 months. The current median home value is not available, but this absence can be interpreted in light of other indicators such as the percentage of listings that have been reduced and the median days on market (DOM), both of which are also currently unavailable. However, the fact that there are reductions in listings suggests that sellers are adjusting their expectations in response to buyer demand, indicating a possible shift towards a more balanced market where pricing power may diminish.
On the rental side, the Fair Market Rent (FMR) for ZIP 22402 stands at $1530 for the fiscal year 2024. This figure is a critical benchmark for landlords and investors, as it reflects the average rent level considered fair for the area. Without a specific comparison to the current market rent, it's challenging to provide a precise assessment, but the FMR serves as a guidepost for setting competitive rents. If the current market rent is below $1530, landlords may have room to increase rents without losing tenants. Conversely, if the market rent is already above this figure, landlords might face challenges in maintaining high occupancy rates unless they offer superior amenities or locations.
For long-term investors, the lack of available data on median home values and DOM makes it difficult to form a strong thesis on future appreciation. Typically, appreciation is influenced by factors such as economic growth, population trends, and local employment opportunities. While these elements are not quantified here, the overall setup suggests caution. A balanced market with adjustments in listing prices implies stability rather than rapid growth. Long-hold investors should focus on the steady income from rentals, given the FMR, rather than relying on capital appreciation as the primary driver of returns.
In summary, the current signals point to a stable real estate market in ZIP 22402, with limited upside for quick capital gains. Landlords and small-portfolio investors should prioritize maintaining competitive rental rates and ensuring property quality to sustain tenant satisfaction and market relevance. The focus should be on generating reliable cash flow from rental properties, as opposed to speculative gains in property value.
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.