District of Columbia County/Washington/20008

20008

ZIPSAFMR

District of Columbia County, DC

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ZIP Investment Score

55Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$3,020	$1,920	8.4%
1 BR	$3,160	$2,320	9.5%
2 BR	$3,490	$3,210	8.5%
3 BR	$4,450	$4,700	9.4%
4 BR	$5,240	$5,590	9.1%
5 BR	$6,026	Not available	9.1%
6 BR	$6,930	Not available	9.1%
7 BR	$7,969	Not available	9.1%
8 BR	$9,165	Not available	9.1%

Purchase Price Calculator

Maximum purchase price

$415,088

Cost breakdown

+Likely effective rent$3,210

HUD FMR$3,490

Market rentUsed$3,210

Est. payment standard (95%)$3,310

-Principal and interest-$2,099

Loan amount$332,071

Down payment$83,018

Rate6.50%

Term30 years

-Operating costs-$911

Property taxes-$415

Insurance-$175

Utilities$0

HOA$0

Management-$321

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$51,014(61.4% ROI)

Projected value

$447,005

Return breakdown

Property appreciation+$31,916

Loan principal paid down+$11,897

Rental cash flow+$7,200

5-year hold

+$87,762(105.7% ROI)

Projected value

$469,634

Return breakdown

Property appreciation+$54,546

Loan principal paid down+$21,216

Rental cash flow+$12,000

10-year hold

+$190,814(229.8% ROI)

Projected value

$531,348

Return breakdown

Property appreciation+$116,260

Loan principal paid down+$50,554

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.57ratio

FMR$3,020

Market$1,920

vs market+$1,100

FMR is above market; underwrite to market rent.

1.57

1 BR

1.36ratio

FMR$3,160

Market$2,320

vs market+$840

FMR is above market; underwrite to market rent.

1.36

2 BR

1.09ratio

FMR$3,490

Market$3,210

vs market+$280

FMR is near market; voucher and private rents are aligned.

1.09

3 BR

0.92ratio

FMR$4,450

Market$4,830

vs market-$380

FMR is near market; voucher and private rents are aligned.

0.92

4 BR

0.91ratio

FMR$5,240

Market$5,780

vs market-$540

FMR is near market; voucher and private rents are aligned.

0.91

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 20008 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20008 (Washington, DC) is $3,490 a month. That is up 15.9% from $3,010 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, 20008 has the 5th-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 20008 is 43% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 20008
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$2,620	$3,020	+15.3%	$2,718–$3,322
1BR	$2,700	$3,160	+17.0%	$2,844–$3,476
2BR	$3,010	$3,490	+15.9%	$3,141–$3,839
3BR	$3,800	$4,450	+17.1%	$4,005–$4,895
4BR	$4,470	$5,240	+17.2%	$4,716–$5,764

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 20008
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$3,020	$3,160	$3,490	$4,450	$5,240
FY 2026	$2,620	$2,700	$3,010	$3,800	$4,470
FY 2025	$2,700	$2,760	$3,110	$3,890	$4,590
FY 2024	$2,370	$2,410	$2,730	$3,400	$4,030
FY 2023	$2,320	$2,360	$2,680	$3,350	$4,000

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 20008
20002	$2,870	−17.8%
20003	$3,660	+4.9%
20004	$3,530	+1.1%
20005	$3,150	−9.7%
20006	$2,380	−31.8%
20007	$2,610	−25.2%
20008Current	$3,490	—
20009	$3,660	+4.9%
20010	$2,550	−26.9%
20011	$2,200	−37.0%
20012	$1,970	−43.6%
20013	$2,400	−31.2%

Questions about ZIP 20008 rents

How much will Section 8 pay for a two-bedroom in ZIP 20008?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,490, that basic range is $3,141 to $3,839 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 20008 in?

ZIP 20008 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 20008 for FY 2027?

The two-bedroom FMR rose 15.9%, from $3,010 in FY 2026 to $3,490 in FY 2027. Since FY 2023 it has risen 30.2%.

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 rent Washington, DC fair market rent DC statewide rents What is SAFMR?Data sources