Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,400 |
| 1 Bedroom | $1,460 |
| 2 Bedrooms | $1,620 |
| 3 Bedrooms | $2,060 |
| 4 Bedrooms | $2,430 |
| 5 Bedrooms | $2,819 |
| 6 Bedrooms | $3,157 |
| 7 Bedrooms | $3,410 |
| 8 Bedrooms | $3,581 |
ZIP code 22646 falls within the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, a large and diverse metropolitan region. The Fair Market Rent (FMR) for ZIP 22646 is set at $1440 for fiscal year 2024. This figure provides insight into the rental market dynamics within the area.
Comparatively, the FMR of $1440 for ZIP 22646 is lower than the average FMR for the broader Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area. While specific market rents and home values are not available for ZIP 22646, the lower FMR suggests that it may be a value pocket within the metro. Value pockets typically offer more affordable housing options relative to surrounding areas, making them attractive for landlords and investors seeking to maximize returns on investment properties.
The lack of data on market rent and home values means we cannot directly compare these metrics to the metro-wide averages. However, the absence of a high renter share percentage indicates that ZIP 22646 might not have a significant concentration of renters who rely heavily on Section 8 vouchers. In neighborhoods where there is a high renter share with below-average home values, those areas often become favored by Section 8 tenants due to the affordability of both renting and owning homes.
Given the lower FMR and the unavailability of other critical metrics, it's reasonable to infer that ZIP 22646 is positioned as a value pocket within the larger Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area. Landlords and investors should consider the potential for higher occupancy rates and stable tenant bases, given the affordability of rents in this area compared to the metro average. However, without specific market rent and home value data, it's challenging to provide a comprehensive analysis of the investment opportunities or risks associated with this ZIP code.
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.