Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,650 |
| 1 Bedroom | $1,720 |
| 2 Bedrooms | $1,900 |
| 3 Bedrooms | $2,420 |
| 4 Bedrooms | $2,850 |
| 5 Bedrooms | $3,306 |
| 6 Bedrooms | $3,703 |
| 7 Bedrooms | $3,999 |
| 8 Bedrooms | $4,199 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 22643 within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area reveals several key points regarding its viability for Section 8 landlords and small-portfolio investors.
First, the rent math needs clarification. The Fair Market Rent (FMR) for ZIP 22643 is set at $1590 for fiscal year 2024. However, the absence of specific market rent data makes it difficult to directly compare and determine if the rent math works in favor of landlords. This gap highlights the importance of local research to understand how the FMR aligns with actual rental rates.
Second, the acquisition cost is a critical consideration. With a median home value of $851,173, purchasing property in this ZIP code is notably expensive. The lack of detailed data on days on market (DOM) and the percentage of homes needing price cuts indicates that while the area is desirable, it may not be easily accessible for all investors due to high costs and potentially stiff competition.
Third, there is a discernible tenant demand. The ZIP code has a population of 137, with 26.8% of residents being renters. Although the total number is low, the percentage of renters suggests a steady demand for rental properties, particularly among those who qualify for Section 8 assistance.
Verdict: Investing in ZIP 22643 is feasible but challenging. While the demand for rental housing exists, with over a quarter of the population renting, the high median home value poses significant barriers to entry. Landlords must carefully evaluate the alignment between the FMR and local rental rates to ensure profitability. Despite these challenges, the strong tenant demand and the likelihood of higher-than-average rents suggest that this ZIP code could still offer opportunities for savvy investors willing to navigate the complexities.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
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.