Location: Washington-Arlington-Alexandria, DC | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,550 |
| 1 Bedroom | $1,620 |
| 2 Bedrooms | $1,790 |
| 3 Bedrooms | $2,290 |
| 4 Bedrooms | $2,690 |
| 5 Bedrooms | $3,120 |
| 6 Bedrooms | $3,494 |
| 7 Bedrooms | $3,774 |
| 8 Bedrooms | $3,963 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,290 | $612,059 | 0.37% | F |
| 4BR | $2,690 | $752,817 | 0.36% | F |
U.S. Census Bureau data (2024)
The ZIP code 22720 stands out within its county due to a unique mix of characteristics that define its real estate landscape. With a population of 1,497 residents, it has a relatively low rental rate of 11.9%, indicating that homeownership is more prevalent. The median household income here is robust at $139,500, suggesting a higher-than-average earning capacity among residents. This is further supported by the median home value of $654,234, which places it above many other ZIP codes in terms of property worth.
Moving to the specifics of Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 22720 in fiscal year 2024 is set at $1570. However, the lack of data on the local market rent means there's no direct comparison to gauge how competitive this figure is. This absence of market rent data could be indicative of a smaller or less active rental sector, which aligns with the lower percentage of renters in the area.
The data signature for ZIP 22720 reads as stable, with high median incomes and home values suggesting a consistent economic environment. The low rental rate implies a preference for homeownership, which is typically associated with long-term stability. Landlords and small-portfolio investors should consider these factors when evaluating the potential for Section 8 rentals in this ZIP code, as they indicate a strong financial foundation but also a possibly limited rental market.
Note: The term "XX" was omitted as it wasn't specified in your request. If you need additional details or a specific analysis, please provide the necessary data or context.Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.