Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,040 |
| 1 Bedroom | $2,120 |
| 2 Bedrooms | $2,350 |
| 3 Bedrooms | $2,990 |
| 4 Bedrooms | $3,530 |
| 5 Bedrooms | $4,095 |
| 6 Bedrooms | $4,586 |
| 7 Bedrooms | $4,953 |
| 8 Bedrooms | $5,201 |
ZIP 22430, located in the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, serves as a strong cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for FY 2024 is set at $1850, which provides a stable baseline for rental income.
The specific location of ZIP 22430 is not clearly defined in the data provided, but it is situated within a larger metropolitan area that benefits from robust demand for affordable housing. Landlords and small-portfolio investors can rely on consistent occupancy rates, ensuring steady cash flow.
While the market data and median home values are currently unavailable, the FMR figure is crucial for maintaining positive cash flow. This is especially true when considering the operational costs associated with managing rental properties. The FMR of $1850 aligns well with the needs of low-income families who qualify for Section 8 assistance, making it a reliable component of any investment strategy focused on this program.
Despite the lack of detailed market data, the presence of a significant number of properties at risk of severe flooding (11%) and wildfires (51%) over the next 30 years highlights the importance of thorough due diligence before investing. These environmental factors should be considered alongside the FMR to ensure long-term viability and stability of the investment.
In summary, ZIP 22430 is best suited as a cash-flow anchor in a Section 8 portfolio strategy, thanks to its established FMR of $1850. This ensures predictable income streams, though potential investors must also account for environmental risks in their analysis.
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.