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Fairfax County/Reston/20194

20194

ZIPSAFMR
Fairfax County, VA
Zillow

ZIP Investment Score

64Below average

095130300
BRFMR
Eff. Rent
0 BR$2,460$1,880
1 BR$2,570$2,060
2 BR$2,840$2,640
3 BR$3,620$2,970
4 BR$4,260$4,080
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
$330,386

Cost breakdown

+Likely effective rent$2,640
HUD FMR$2,840
Market rentUsed$2,640
Est. payment standard (95%)$2,710
-Principal and interest-$1,671
Loan amount$264,309
Down payment$66,077
Rate6.50%
Term30 years
-Operating costs-$769
Property taxes-$330
Insurance-$175
Utilities$0
HOA$0
Management-$264
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$42,073(63.7% ROI)
Projected value
$355,790
Return breakdown
Property appreciation+$25,404
Loan principal paid down+$9,470
Rental cash flow+$7,200
5-year hold
+$72,302(109.4% ROI)
Projected value
$373,802
Return breakdown
Property appreciation+$43,415
Loan principal paid down+$16,887
Rental cash flow+$12,000
10-year hold
+$156,774(237.3% ROI)
Projected value
$422,923
Return breakdown
Property appreciation+$92,536
Loan principal paid down+$40,238
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.31
1 BR
1.25
2 BR
1.08
3 BR
1.22
4 BR
1.04
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 20194 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20194 (Reston, VA) is $2,840 a month. That is up 9.2% from $2,600 in FY 2026. Reston 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, 20194 is tied for the 23rd-highest two-bedroom rent (county range $2,140–$3,660). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 20194 is 125% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 20194
BedroomsFY 2027Change90–110% range
Studio$2,460+8.8%$2,214–$2,706
1BR$2,570+10.3%$2,313–$2,827
2BR$2,840+9.2%$2,556–$3,124
3BR$3,620+10.4%$3,258–$3,982
4BR$4,260+10.4%$3,834–$4,686

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 20194
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,460$2,570$2,840$3,620$4,260
FY 2026$2,260$2,330$2,600$3,280$3,860
FY 2025$2,340$2,390$2,690$3,360$3,970
FY 2024$2,020$2,050$2,330$2,900$3,440
FY 2023$1,810$1,840$2,090$2,610$3,120

Two-bedroom rent in nearby Fairfax County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 20194
20151$2,670−6.0%
20152$3,360+18.3%
20153$2,720−4.2%
20164$2,650−6.7%
20165$2,860+0.7%
20170$2,720−4.2%
20171$2,920+2.8%
20172$2,720−4.2%
20190$2,730−3.9%
20191$2,490−12.3%
20194Current$2,840—
20195$2,720−4.2%

Questions about ZIP 20194 rents

How much will Section 8 pay for a two-bedroom in ZIP 20194?

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 20194 in?

ZIP 20194 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 20194 for FY 2027?

The two-bedroom FMR rose 9.2%, from $2,600 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 rentReston, VA fair market rentVA statewide rentsWhat is SAFMR?Data sources