FMR is near market; voucher and private rents are aligned.
1.06
4 BR
4 BR
1.12ratio
FMR$4,010
Market$3,570
vs market+$440
FMR is above market; underwrite to market rent.
1.12
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
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ZIP 20598 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20598 (Dhs, VA) is $2,670 a month. That is up 9.0% from $2,450 in FY 2026. Dhs 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 13 ZIP codes in Alexandria City, 20598 has the 5th-highest two-bedroom rent (county range $2,310–$3,480). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 20598 is 112% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 20598
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,130
$2,310
+8.5%
$2,079–$2,541
1BR
$2,200
$2,420
+10.0%
$2,178–$2,662
2BR
$2,450
$2,670
+9.0%
$2,403–$2,937
3BR
$3,100
$3,400
+9.7%
$3,060–$3,740
4BR
$3,640
$4,010
+10.2%
$3,609–$4,411
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 20598
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,310
$2,420
$2,670
$3,400
$4,010
FY 2026
$2,130
$2,200
$2,450
$3,100
$3,640
FY 2025
$2,190
$2,240
$2,520
$3,150
$3,710
FY 2024
$1,920
$1,950
$2,210
$2,750
$3,260
FY 2023
$1,730
$1,760
$2,000
$2,500
$2,980
Two-bedroom rent in nearby Alexandria City ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 20598?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,670, that basic range is $2,403 to $2,937 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 20598 in?
ZIP 20598 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 20598 for FY 2027?
The two-bedroom FMR rose 9.0%, from $2,450 in FY 2026 to $2,670 in FY 2027. Since FY 2023 it has risen 33.5%.
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