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District of Columbia County/Washington/20002

20002

ZIPSAFMR
District of Columbia County, DC
Zillow

ZIP Investment Score

70Below average

095130300
BRFMR
Eff. Rent
0 BR$2,490$1,680
1 BR$2,590$1,830
2 BR$2,870$2,180
3 BR$3,660$2,880
4 BR$4,310$3,060
5 BR$4,957Not available
6 BR$5,700Not available
7 BR$6,555Not available
8 BR$7,538Not available

Purchase Price Calculator

Maximum purchase price
$262,031

Cost breakdown

+Likely effective rent$2,180
HUD FMR$2,870
Market rentUsed$2,180
Est. payment standard (90%)$2,580
-Principal and interest-$1,325
Loan amount$209,624
Down payment$52,406
Rate6.50%
Term30 years
-Operating costs-$655
Property taxes-$262
Insurance-$175
Utilities$0
HOA$0
Management-$218
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,858(66.5% ROI)
Projected value
$282,178
Return breakdown
Property appreciation+$20,148
Loan principal paid down+$7,510
Rental cash flow+$7,200
5-year hold
+$59,826(114.2% ROI)
Projected value
$296,464
Return breakdown
Property appreciation+$34,433
Loan principal paid down+$13,393
Rental cash flow+$12,000
10-year hold
+$129,304(246.7% ROI)
Projected value
$335,421
Return breakdown
Property appreciation+$73,391
Loan principal paid down+$31,913
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.48
1 BR
1.42
2 BR
1.32
3 BR
1.27
4 BR
1.41
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 20002 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20002 (Washington, DC) is $2,870 a month. That is up 15.7% from $2,480 in FY 2026. Washington is in the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 103 ZIP codes in District of Columbia County, 20002 has the 13th-highest two-bedroom rent (county range $1,640–$3,660). The median county two-bedroom FMR in District of Columbia is $2,438, so ZIP 20002 is 18% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 20002
BedroomsFY 2027Change90–110% range
Studio$2,490+15.3%$2,241–$2,739
1BR$2,590+16.7%$2,331–$2,849
2BR$2,870+15.7%$2,583–$3,157
3BR$3,660+16.9%$3,294–$4,026
4BR$4,310+17.1%$3,879–$4,741

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 20002
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,490$2,590$2,870$3,660$4,310
FY 2026$2,160$2,220$2,480$3,130$3,680
FY 2025$2,050$2,100$2,360$2,950$3,480
FY 2024$1,750$1,780$2,020$2,510$2,980
FY 2023$1,530$1,560$1,770$2,210$2,640

Two-bedroom rent in nearby District of Columbia County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 20002
20001$3,430+19.5%
20002Current$2,870—
20003$3,660+27.5%
20004$3,530+23.0%
20005$3,150+9.8%
20006$2,380−17.1%
20007$2,610−9.1%
20008$3,490+21.6%
20009$3,660+27.5%
20010$2,550−11.1%
20011$2,200−23.3%
20012$1,970−31.4%

Questions about ZIP 20002 rents

How much will Section 8 pay for a two-bedroom in ZIP 20002?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,870, that basic range is $2,583 to $3,157 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 20002 in?

ZIP 20002 is in the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 20002 for FY 2027?

The two-bedroom FMR rose 15.7%, from $2,480 in FY 2026 to $2,870 in FY 2027. Since FY 2023 it has risen 62.1%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentWashington, DC fair market rentDC statewide rentsWhat is SAFMR?Data sources