FMR is near market; voucher and private rents are aligned.
0.91
1 BR
1 BR
0.67ratio
FMR$2,170
Market$3,240
vs market-$1,070
FMR is below market; voucher rent may lag private rents.
0.67
2 BR
2 BR
0.60ratio
FMR$2,400
Market$3,990
vs market-$1,590
FMR is below market; voucher rent may lag private rents.
0.60
3 BR
3 BR
0.59ratio
FMR$3,060
Market$5,230
vs market-$2,170
FMR is below market; voucher rent may lag private rents.
0.59
4 BR
4 BR
0.45ratio
FMR$3,600
Market$7,930
vs market-$4,330
FMR is below market; voucher rent may lag private rents.
0.45
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 20431 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20431 (Washington, DC) is $2,400 a month. That is up 9.1% from $2,200 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, 20431 is tied for the 20th-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 20431 is 2% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 20431
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,910
$2,080
+8.9%
$1,872–$2,288
1BR
$1,970
$2,170
+10.2%
$1,953–$2,387
2BR
$2,200
$2,400
+9.1%
$2,160–$2,640
3BR
$2,780
$3,060
+10.1%
$2,754–$3,366
4BR
$3,260
$3,600
+10.4%
$3,240–$3,960
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 20431
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,080
$2,170
$2,400
$3,060
$3,600
FY 2026
$1,910
$1,970
$2,200
$2,780
$3,260
FY 2025area FMR
$2,012
$2,056
$2,314
$2,893
$3,413
FY 2024area FMR
$1,772
$1,803
$2,045
$2,544
$3,015
FY 2023area FMR
$1,589
$1,615
$1,838
$2,299
$2,742
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby District of Columbia County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 20431?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,400, that basic range is $2,160 to $2,640 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 20431 in?
ZIP 20431 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 20431 for FY 2027?
The two-bedroom FMR rose 9.1%, from $2,200 in FY 2026 to $2,400 in FY 2027.
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