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 code 22545 falls within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 22545 is set at $1850 for fiscal year 2024. This figure is key for understanding rental affordability and eligibility for Section 8 housing assistance in the area.
In comparison to other ZIP codes within the same HUD Metro FMR Area, 22545 stands out due to its clearly defined FMR without corresponding market rent or home value data available. Typically, ZIP codes with lower FMRs than their surrounding areas can indicate a potential value pocket, offering landlords and small-portfolio investors an opportunity to manage properties that are affordable to a broader range of tenants, including those who rely on Section 8 vouchers.
The absence of specific market rent and home value data suggests that 22545 might be less developed or have a different demographic profile compared to other ZIP codes in the metro area. However, it's important to note that a lower FMR does not necessarily correlate with lower market rents or home values; it could simply reflect a lack of comprehensive data collection for this particular ZIP code.
The unknown percentage of renters in ZIP 22545 limits our ability to make a direct comparison regarding the proportion of tenants who might benefit from Section 8 assistance. In other neighborhoods where a high renter share is observed alongside below-metro average home values, this typically signals a favorable environment for Section 8 participants. However, given the limited data for 22545, we cannot definitively categorize it as a Section 8 sweet spot based solely on the FMR.
To conclude, ZIP 22545 appears to be a value pocket within the larger Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, primarily due to its relatively low FMR of $1850. This makes it an attractive location for investors looking to cater to a price-sensitive tenant base, including those eligible for Section 8 assistance. However, the lack of detailed market rent and home value data means further investigation is necessary to fully understand its economic dynamics and investment potential.
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.