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Fairfax County/Great Falls/22066

22066

ZIPSAFMR
Fairfax County, VA
Zillow

ZIP Investment Score

40Below average

095130300
BRFMR
Eff. Rent
0 BR$2,740$1,940
1 BR$2,860$2,040
2 BR$3,160$2,600
3 BR$4,020$3,340
4 BR$4,740$4,400
5 BR$5,451Not available
6 BR$6,269Not available
7 BR$7,209Not available
8 BR$8,290Not available

Purchase Price Calculator

Maximum purchase price
$324,442

Cost breakdown

+Likely effective rent$2,600
HUD FMR$3,160
Market rentUsed$2,600
Est. payment standard (90%)$2,840
-Principal and interest-$1,641
Loan amount$259,554
Down payment$64,888
Rate6.50%
Term30 years
-Operating costs-$759
Property taxes-$324
Insurance-$175
Utilities$0
HOA$0
Management-$260
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$41,446(63.9% ROI)
Projected value
$349,389
Return breakdown
Property appreciation+$24,947
Loan principal paid down+$9,299
Rental cash flow+$7,200
5-year hold
+$71,217(109.8% ROI)
Projected value
$367,077
Return breakdown
Property appreciation+$42,634
Loan principal paid down+$16,583
Rental cash flow+$12,000
10-year hold
+$154,385(237.9% ROI)
Projected value
$415,314
Return breakdown
Property appreciation+$90,871
Loan principal paid down+$39,514
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.41
1 BR
1.40
2 BR
1.22
3 BR
1.20
4 BR
1.08
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 22066 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 22066 (Great Falls, VA) is $3,160 a month. That is down 6.2% from $3,370 in FY 2026. Great Falls 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, 22066 has the 8th-highest two-bedroom rent (county range $2,140–$3,660). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 22066 is 150% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 22066
BedroomsFY 2027Change90–110% range
Studio$2,740−6.5%$2,466–$3,014
1BR$2,860−5.3%$2,574–$3,146
2BR$3,160−6.2%$2,844–$3,476
3BR$4,020−5.4%$3,618–$4,422
4BR$4,740−5.2%$4,266–$5,214

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 22066
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,740$2,860$3,160$4,020$4,740
FY 2026$2,930$3,020$3,370$4,250$5,000
FY 2025$3,020$3,080$3,470$4,340$5,120
FY 2024$2,660$2,710$3,070$3,820$4,530
FY 2023$2,390$2,430$2,760$3,450$4,120

Two-bedroom rent in nearby Fairfax County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 22066
22035$2,720−13.9%
22039$2,840−10.1%
22041$2,340−25.9%
22042$2,650−16.1%
22043$2,610−17.4%
22044$2,250−28.8%
22046$2,730−13.6%
22060$3,660+15.8%
22066Current$3,160—
22067$2,720−13.9%
22079$2,930−7.3%
22081$2,720−13.9%

Questions about ZIP 22066 rents

How much will Section 8 pay for a two-bedroom in ZIP 22066?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,160, that basic range is $2,844 to $3,476 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 22066 in?

ZIP 22066 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 22066 for FY 2027?

The two-bedroom FMR fell 6.2%, from $3,370 in FY 2026 to $3,160 in FY 2027. Since FY 2023 it has risen 14.5%.

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 rentGreat Falls, VA fair market rentVA statewide rentsWhat is SAFMR?Data sources