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Fairfax County/Clifton/20124

20124

ZIPSAFMR
Fairfax County, VA
Zillow

ZIP Investment Score

75Below average

095130300
BRFMR
Eff. Rent
0 BR$2,400$1,840
1 BR$2,500$1,730
2 BR$2,770$2,580
3 BR$3,530$3,090
4 BR$4,160$4,100
5 BR$4,784Not available
6 BR$5,502Not available
7 BR$6,327Not available
8 BR$7,276Not available

Purchase Price Calculator

Maximum purchase price
$321,470

Cost breakdown

+Likely effective rent$2,580
HUD FMR$2,770
Market rentUsed$2,580
Est. payment standard (96%)$2,650
-Principal and interest-$1,626
Loan amount$257,176
Down payment$64,294
Rate6.50%
Term30 years
-Operating costs-$754
Property taxes-$321
Insurance-$175
Utilities$0
HOA$0
Management-$258
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$41,132(64.0% ROI)
Projected value
$346,189
Return breakdown
Property appreciation+$24,718
Loan principal paid down+$9,214
Rental cash flow+$7,200
5-year hold
+$70,675(109.9% ROI)
Projected value
$363,714
Return breakdown
Property appreciation+$42,244
Loan principal paid down+$16,431
Rental cash flow+$12,000
10-year hold
+$153,191(238.3% ROI)
Projected value
$411,509
Return breakdown
Property appreciation+$90,039
Loan principal paid down+$39,152
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.30
1 BR
1.45
2 BR
1.07
3 BR
1.14
4 BR
1.01
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 20124 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20124 (Clifton, VA) is $2,770 a month. That is up 11.2% from $2,490 in FY 2026. Clifton 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, 20124 has the 32nd-highest two-bedroom rent (county range $2,140–$3,660). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 20124 is 119% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 20124
BedroomsFY 2027Change90–110% range
Studio$2,400+10.6%$2,160–$2,640
1BR$2,500+12.1%$2,250–$2,750
2BR$2,770+11.2%$2,493–$3,047
3BR$3,530+12.4%$3,177–$3,883
4BR$4,160+12.7%$3,744–$4,576

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 20124
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,400$2,500$2,770$3,530$4,160
FY 2026$2,170$2,230$2,490$3,140$3,690
FY 2025$2,230$2,280$2,570$3,210$3,790
FY 2024$2,090$2,120$2,410$3,000$3,550
FY 2023$2,020$2,060$2,340$2,970$3,560

Two-bedroom rent in nearby Fairfax County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 20124
20120$2,710−2.2%
20121$2,690−2.9%
20122$2,720−1.8%
20124Current$2,770—
20151$2,670−3.6%
20152$3,360+21.3%
20153$2,720−1.8%
20164$2,650−4.3%
20165$2,860+3.2%
20170$2,720−1.8%
20171$2,920+5.4%
20172$2,720−1.8%

Questions about ZIP 20124 rents

How much will Section 8 pay for a two-bedroom in ZIP 20124?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,770, that basic range is $2,493 to $3,047 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 20124 in?

ZIP 20124 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 20124 for FY 2027?

The two-bedroom FMR rose 11.2%, from $2,490 in FY 2026 to $2,770 in FY 2027. Since FY 2023 it has risen 18.4%.

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