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Arlington County/Arlington/22203

22203

ZIPSAFMR
Arlington County, VA
Zillow

ZIP Investment Score

61Below average

095130300
BRFMR
Eff. Rent
0 BR$2,990$1,950
1 BR$3,120$2,320
2 BR$3,450$3,270
3 BR$4,400$3,830
4 BR$5,180$4,610
5 BR$5,957Not available
6 BR$6,851Not available
7 BR$7,878Not available
8 BR$9,060Not available

Purchase Price Calculator

Maximum purchase price
$424,004

Cost breakdown

+Likely effective rent$3,270
HUD FMR$3,450
Market rentUsed$3,270
Est. payment standard (97%)$3,330
-Principal and interest-$2,144
Loan amount$339,203
Down payment$84,801
Rate6.50%
Term30 years
-Operating costs-$926
Property taxes-$424
Insurance-$175
Utilities$0
HOA$0
Management-$327
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$51,955(61.3% ROI)
Projected value
$456,606
Return breakdown
Property appreciation+$32,602
Loan principal paid down+$12,153
Rental cash flow+$7,200
5-year hold
+$89,389(105.4% ROI)
Projected value
$479,722
Return breakdown
Property appreciation+$55,718
Loan principal paid down+$21,672
Rental cash flow+$12,000
10-year hold
+$194,397(229.2% ROI)
Projected value
$542,761
Return breakdown
Property appreciation+$118,757
Loan principal paid down+$51,640
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.53
1 BR
1.34
2 BR
1.06
3 BR
1.15
4 BR
1.12
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 22203 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 22203 (Arlington, VA) is $3,450 a month. That is up 13.5% from $3,040 in FY 2026. Arlington 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 21 ZIP codes in Arlington County, 22203 has the 3rd-highest two-bedroom rent (county range $2,310–$3,660). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 22203 is 173% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 22203
BedroomsFY 2027Change90–110% range
Studio$2,990+13.3%$2,691–$3,289
1BR$3,120+14.3%$2,808–$3,432
2BR$3,450+13.5%$3,105–$3,795
3BR$4,400+14.6%$3,960–$4,840
4BR$5,180+14.9%$4,662–$5,698

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 22203
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,990$3,120$3,450$4,400$5,180
FY 2026$2,640$2,730$3,040$3,840$4,510
FY 2025$2,610$2,670$3,000$3,750$4,420
FY 2024$2,310$2,350$2,670$3,320$3,940
FY 2023$2,200$2,230$2,540$3,180$3,790

Two-bedroom rent in nearby Arlington County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 22203
22201$3,660+6.1%
22202$3,660+6.1%
22203Current$3,450—
22204$2,400−30.4%
22205$2,310−33.0%
22206$3,190−7.5%
22207$2,810−18.6%
22209$3,020−12.5%
22210$2,780−19.4%
22211$3,040−11.9%
22213$2,820−18.3%
22214$2,780−19.4%

Questions about ZIP 22203 rents

How much will Section 8 pay for a two-bedroom in ZIP 22203?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,450, that basic range is $3,105 to $3,795 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 22203 in?

ZIP 22203 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 22203 for FY 2027?

The two-bedroom FMR rose 13.5%, from $3,040 in FY 2026 to $3,450 in FY 2027. Since FY 2023 it has risen 35.8%.

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