Skip to main content
Loading page
Fairfax County/Alexandria/22315

22315

ZIPSAFMR
Fairfax County, VA
Zillow

ZIP Investment Score

83Below average

095130300
BRFMR
Eff. Rent
0 BR$2,560$1,740
1 BR$2,680$1,650
2 BR$2,960$2,560
3 BR$3,770$3,330
4 BR$4,440$3,560
5 BR$5,106Not available
6 BR$5,872Not available
7 BR$6,753Not available
8 BR$7,766Not available

Purchase Price Calculator

Maximum purchase price
$318,498

Cost breakdown

+Likely effective rent$2,560
HUD FMR$2,960
Market rentUsed$2,560
Est. payment standard (91%)$2,700
-Principal and interest-$1,611
Loan amount$254,799
Down payment$63,700
Rate6.50%
Term30 years
-Operating costs-$749
Property taxes-$318
Insurance-$175
Utilities$0
HOA$0
Management-$256
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,818(64.1% ROI)
Projected value
$342,988
Return breakdown
Property appreciation+$24,490
Loan principal paid down+$9,129
Rental cash flow+$7,200
5-year hold
+$70,132(110.1% ROI)
Projected value
$360,352
Return breakdown
Property appreciation+$41,853
Loan principal paid down+$16,279
Rental cash flow+$12,000
10-year hold
+$151,997(238.6% ROI)
Projected value
$407,705
Return breakdown
Property appreciation+$89,206
Loan principal paid down+$38,790
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.47
1 BR
1.62
2 BR
1.16
3 BR
1.13
4 BR
1.25
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 22315 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 22315 (Alexandria, VA) is $2,960 a month. That is up 8.8% from $2,720 in FY 2026. Alexandria 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, 22315 has the 16th-highest two-bedroom rent (county range $2,140–$3,660). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 22315 is 135% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 22315
BedroomsFY 2027Change90–110% range
Studio$2,560+8.0%$2,304–$2,816
1BR$2,680+9.8%$2,412–$2,948
2BR$2,960+8.8%$2,664–$3,256
3BR$3,770+9.9%$3,393–$4,147
4BR$4,440+9.9%$3,996–$4,884

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 22315
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,560$2,680$2,960$3,770$4,440
FY 2026$2,370$2,440$2,720$3,430$4,040
FY 2025$2,450$2,510$2,820$3,530$4,160
FY 2024$2,180$2,220$2,520$3,130$3,720
FY 2023$2,000$2,030$2,310$2,890$3,450

Two-bedroom rent in nearby Fairfax County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 22315
22213$2,820−4.7%
22302$2,510−15.2%
22303$2,660−10.1%
22304$2,810−5.1%
22306$2,140−27.7%
22307$2,410−18.6%
22308$2,820−4.7%
22309$2,160−27.0%
22310$2,930−1.0%
22311$2,310−22.0%
22312$2,450−17.2%
22315Current$2,960—

Questions about ZIP 22315 rents

How much will Section 8 pay for a two-bedroom in ZIP 22315?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,960, that basic range is $2,664 to $3,256 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 22315 in?

ZIP 22315 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 22315 for FY 2027?

The two-bedroom FMR rose 8.8%, from $2,720 in FY 2026 to $2,960 in FY 2027. Since FY 2023 it has risen 28.1%.

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