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District of Columbia County/Washington/20016

20016

ZIPSAFMR
District of Columbia County, DC
Zillow

ZIP Investment Score

50Below average

095130300
BRFMR
Eff. Rent
0 BR$2,460$2,070
1 BR$2,570$2,810
2 BR$2,840$3,120
3 BR$3,620$3,980
4 BR$4,260$4,690
5 BR$4,899Not available
6 BR$5,634Not available
7 BR$6,479Not available
8 BR$7,451Not available

Purchase Price Calculator

Maximum purchase price
$401,714

Cost breakdown

+Likely effective rent$3,120
HUD FMR$2,840
Market rent$3,780
Est. payment standard (110%)Used$3,120
-Principal and interest-$2,031
Loan amount$321,371
Down payment$80,343
Rate6.50%
Term30 years
-Operating costs-$889
Property taxes-$402
Insurance-$175
Utilities$0
HOA$0
Management-$312
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$49,602(61.7% ROI)
Projected value
$432,602
Return breakdown
Property appreciation+$30,888
Loan principal paid down+$11,514
Rental cash flow+$7,200
5-year hold
+$85,321(106.2% ROI)
Projected value
$454,503
Return breakdown
Property appreciation+$52,789
Loan principal paid down+$20,532
Rental cash flow+$12,000
10-year hold
+$185,439(230.8% ROI)
Projected value
$514,228
Return breakdown
Property appreciation+$112,514
Loan principal paid down+$48,925
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.19
1 BR
0.87
2 BR
0.75
3 BR
0.68
4 BR
0.62
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 20016 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20016 (Washington, DC) is $2,840 a month. That is up 11.8% from $2,540 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, 20016 is tied for the 14th-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 20016 is 16% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 20016
BedroomsFY 2027Change90–110% range
Studio$2,460+11.3%$2,214–$2,706
1BR$2,570+12.7%$2,313–$2,827
2BR$2,840+11.8%$2,556–$3,124
3BR$3,620+12.8%$3,258–$3,982
4BR$4,260+13.0%$3,834–$4,686

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 20016
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,460$2,570$2,840$3,620$4,260
FY 2026$2,210$2,280$2,540$3,210$3,770
FY 2025$2,300$2,350$2,640$3,300$3,890
FY 2024$2,000$2,040$2,310$2,870$3,410
FY 2023$1,810$1,840$2,090$2,610$3,120

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 20016
20008$3,490+22.9%
20009$3,660+28.9%
20010$2,550−10.2%
20011$2,200−22.5%
20012$1,970−30.6%
20013$2,400−15.5%
20015$2,370−16.5%
20016Current$2,840—
20017$2,280−19.7%
20018$1,640−42.3%
20019$1,770−37.7%
20020$1,780−37.3%

Questions about ZIP 20016 rents

How much will Section 8 pay for a two-bedroom in ZIP 20016?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,840, that basic range is $2,556 to $3,124 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 20016 in?

ZIP 20016 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 20016 for FY 2027?

The two-bedroom FMR rose 11.8%, from $2,540 in FY 2026 to $2,840 in FY 2027. Since FY 2023 it has risen 35.9%.

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