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Fairfax County/Centreville/20121

20121

ZIPSAFMR
Fairfax County, VA
Zillow

ZIP Investment Score

83Below average

095130300
BRFMR
Eff. Rent
0 BR$2,330$1,880
1 BR$2,430$1,770
2 BR$2,690$2,370
3 BR$3,430$2,830
4 BR$4,040$3,400
5 BR$4,646Not available
6 BR$5,343Not available
7 BR$6,144Not available
8 BR$7,066Not available

Purchase Price Calculator

Maximum purchase price
$290,265

Cost breakdown

+Likely effective rent$2,370
HUD FMR$2,690
Market rentUsed$2,370
Est. payment standard (92%)$2,480
-Principal and interest-$1,468
Loan amount$232,212
Down payment$58,053
Rate6.50%
Term30 years
-Operating costs-$702
Property taxes-$290
Insurance-$175
Utilities$0
HOA$0
Management-$237
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,838(65.2% ROI)
Projected value
$312,583
Return breakdown
Property appreciation+$22,319
Loan principal paid down+$8,320
Rental cash flow+$7,200
5-year hold
+$64,979(111.9% ROI)
Projected value
$328,408
Return breakdown
Property appreciation+$38,143
Loan principal paid down+$14,836
Rental cash flow+$12,000
10-year hold
+$140,650(242.3% ROI)
Projected value
$371,563
Return breakdown
Property appreciation+$81,299
Loan principal paid down+$35,352
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.24
1 BR
1.37
2 BR
1.14
3 BR
1.21
4 BR
1.19
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 20121 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20121 (Centreville, VA) is $2,690 a month. That is up 9.8% from $2,450 in FY 2026. Centreville 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 71 ZIP codes in Fairfax County, 20121 has the 54th-highest two-bedroom rent (county range $2,140–$3,660). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 20121 is 113% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 20121
BedroomsFY 2027Change90–110% range
Studio$2,330+9.4%$2,097–$2,563
1BR$2,430+10.5%$2,187–$2,673
2BR$2,690+9.8%$2,421–$2,959
3BR$3,430+11.0%$3,087–$3,773
4BR$4,040+11.3%$3,636–$4,444

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 20121
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,330$2,430$2,690$3,430$4,040
FY 2026$2,130$2,200$2,450$3,090$3,630
FY 2025$2,170$2,220$2,500$3,130$3,690
FY 2024$1,900$1,930$2,190$2,720$3,230
FY 2023$1,690$1,720$1,960$2,450$2,920

Two-bedroom rent in nearby Fairfax County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 20121
20120$2,710+0.7%
20121Current$2,690—
20122$2,720+1.1%
20124$2,770+3.0%
20151$2,670−0.7%
20152$3,360+24.9%
20153$2,720+1.1%
20164$2,650−1.5%
20165$2,860+6.3%
20170$2,720+1.1%
20171$2,920+8.6%
20172$2,720+1.1%

Questions about ZIP 20121 rents

How much will Section 8 pay for a two-bedroom in ZIP 20121?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,690, that basic range is $2,421 to $2,959 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 20121 in?

ZIP 20121 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 20121 for FY 2027?

The two-bedroom FMR rose 9.8%, from $2,450 in FY 2026 to $2,690 in FY 2027. Since FY 2023 it has risen 37.2%.

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 rentCentreville, VA fair market rentVA statewide rentsWhat is SAFMR?Data sources