FMR is below market; voucher rent may lag private rents.
0.84
1 BR
1 BR
0.66ratio
FMR$1,940
Market$2,920
vs market-$980
FMR is below market; voucher rent may lag private rents.
0.66
2 BR
2 BR
0.63ratio
FMR$2,150
Market$3,430
vs market-$1,280
FMR is below market; voucher rent may lag private rents.
0.63
3 BR
3 BR
0.68ratio
FMR$2,740
Market$4,030
vs market-$1,290
FMR is below market; voucher rent may lag private rents.
0.68
4 BR
4 BR
0.88ratio
FMR$3,230
Market$3,670
vs market-$440
FMR is below market; voucher rent may lag private rents.
0.88
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 20233 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20233 (Washington, DC) is $2,150 a month. That is up 8.0% from $1,990 in FY 2026. Washington is in the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $2,438. Among 65 ZIP codes in Prince George's County, 20233 is tied for the 31st-highest two-bedroom rent (county range $1,750–$3,610). The median county two-bedroom FMR in District of Columbia is $2,438, so ZIP 20233 is 12% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 20233
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,730
$1,860
+7.5%
$1,674–$2,046
1BR
$1,790
$1,940
+8.4%
$1,746–$2,134
2BR
$1,990
$2,150
+8.0%
$1,935–$2,365
3BR
$2,510
$2,740
+9.2%
$2,466–$3,014
4BR
$2,950
$3,230
+9.5%
$2,907–$3,553
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 20233
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,860
$1,940
$2,150
$2,740
$3,230
FY 2026
$1,730
$1,790
$1,990
$2,510
$2,950
FY 2025
$1,770
$1,800
$2,030
$2,540
$2,990
FY 2024
$1,540
$1,570
$1,780
$2,210
$2,620
FY 2023
$1,370
$1,390
$1,580
$1,980
$2,360
Two-bedroom rent in nearby Prince George's County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 20233?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,438, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,194 to $2,682 a month; under the ZIP-level Small Area FMR of $2,150 it would be $1,935 to $2,365. 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 20233 in?
ZIP 20233 is in the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,438.
How much did fair market rent change in ZIP 20233 for FY 2027?
The two-bedroom FMR rose 8.0%, from $1,990 in FY 2026 to $2,150 in FY 2027. Since FY 2023 it has risen 36.1%.
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