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Fairfax County/Burke/22015

22015

ZIPSAFMR
Fairfax County, VA
Zillow

ZIP Investment Score

93Below average

095130300
BRFMR
Eff. Rent
0 BR$2,660$1,520
1 BR$2,780$1,560
2 BR$3,070$2,460
3 BR$3,910$3,230
4 BR$4,610$3,890
5 BR$5,302Not available
6 BR$6,097Not available
7 BR$7,011Not available
8 BR$8,063Not available

Purchase Price Calculator

Maximum purchase price
$303,639

Cost breakdown

+Likely effective rent$2,460
HUD FMR$3,070
Market rentUsed$2,460
Est. payment standard (90%)$2,760
-Principal and interest-$1,535
Loan amount$242,911
Down payment$60,728
Rate6.50%
Term30 years
-Operating costs-$725
Property taxes-$304
Insurance-$175
Utilities$0
HOA$0
Management-$246
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$39,250(64.6% ROI)
Projected value
$326,985
Return breakdown
Property appreciation+$23,347
Loan principal paid down+$8,703
Rental cash flow+$7,200
5-year hold
+$67,420(111.0% ROI)
Projected value
$343,539
Return breakdown
Property appreciation+$39,901
Loan principal paid down+$15,520
Rental cash flow+$12,000
10-year hold
+$146,025(240.5% ROI)
Projected value
$388,683
Return breakdown
Property appreciation+$85,044
Loan principal paid down+$36,980
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.75
1 BR
1.78
2 BR
1.25
3 BR
1.21
4 BR
1.19
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 22015 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 22015 (Burke, VA) is $3,070 a month. That is up 8.9% from $2,820 in FY 2026. Burke 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, 22015 has the 11th-highest two-bedroom rent (county range $2,140–$3,660). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 22015 is 143% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 22015
BedroomsFY 2027Change90–110% range
Studio$2,660+8.6%$2,394–$2,926
1BR$2,780+9.9%$2,502–$3,058
2BR$3,070+8.9%$2,763–$3,377
3BR$3,910+9.8%$3,519–$4,301
4BR$4,610+10.3%$4,149–$5,071

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 22015
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,660$2,780$3,070$3,910$4,610
FY 2026$2,450$2,530$2,820$3,560$4,180
FY 2025$2,560$2,610$2,940$3,680$4,340
FY 2024$2,250$2,290$2,600$3,230$3,830
FY 2023$2,050$2,080$2,370$2,960$3,540

Two-bedroom rent in nearby Fairfax County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 22015
22003$2,450−20.2%
22009$2,720−11.4%
22015Current$3,070—
22027$3,040−1.0%
22030$2,820−8.1%
22031$2,970−3.3%
22032$2,860−6.8%
22033$2,970−3.3%
22035$2,720−11.4%
22039$2,840−7.5%
22041$2,340−23.8%
22042$2,650−13.7%

Questions about ZIP 22015 rents

How much will Section 8 pay for a two-bedroom in ZIP 22015?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,070, that basic range is $2,763 to $3,377 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 22015 in?

ZIP 22015 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 22015 for FY 2027?

The two-bedroom FMR rose 8.9%, from $2,820 in FY 2026 to $3,070 in FY 2027. Since FY 2023 it has risen 29.5%.

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

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