Section 8 Fair Market Rent (FMR) for ZIP 22565 - 2027

FY 2027 Fair Market Rent Rates

ZIP code 22565 in Unknown, DC presents a unique challenge due to the lack of specific demographic data. However, based on the available information, it's clear that landlords must navigate without precise figures on population size, percentage of renters, and median household income.

The absence of these details suggests a smaller, possibly less densely populated area, which might indicate a lower volume of rental activity compared to larger urban centers. Without concrete percentages, it's difficult to assess whether the ZIP code is dominated by homeowners or renters, but the focus on Section 8 tenants implies a significant portion of the housing market likely relies on government assistance.

To understand the financial dynamics, we can compare the Fair Market Rent (FMR) to the typical market rent in the area. The FMR for ZIP 22565 is set at $1750 for fiscal year 2024. This figure serves as a benchmark for what is considered a reasonable rent for a two-bedroom apartment, which can be indicative of the overall rent levels in the area.

Without the exact median household income, it's challenging to provide a precise percentage of income spent on rent. However, in areas where Section 8 vouchers are prevalent, it's common for tenants to spend around 30% of their income on housing. If the typical market rent aligns closely with the FMR, landlords can expect that their tenants will be spending a substantial portion of their income on rent, reflecting the economic realities faced by many voucher holders.

The tenant profile landlords should anticipate includes individuals and families who rely on Section 8 vouchers to afford housing. These tenants are typically vetted through the voucher program, ensuring they meet eligibility criteria tied to income levels. Landlords should prepare for a mix of first-time renters and those transitioning from other forms of subsidized housing, all seeking stable, affordable living conditions.

In summary, while specific data points are missing, ZIP 22565 appears to have a notable presence of Section 8 tenants. The FMR provides a useful reference point for setting rents that align with government standards, helping to attract and retain tenants who depend on vouchers. Landlords should expect a tenant base that is financially constrained but committed to meeting their housing obligations within the framework of the Section 8 program.

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.