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District of Columbia County/Parcel Return Service/56998

56998

ZIPFMR
District of Columbia County, DC
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$2,111$2,111
1 BR$2,204$2,204
2 BR$2,438$2,438
3 BR$3,107$3,107
4 BR$3,658$3,658
5 BR$4,207Not available
6 BR$4,838Not available
7 BR$5,563Not available
8 BR$6,398Not available

Purchase Price Calculator

Maximum purchase price
$300,369

Cost breakdown

+Likely effective rent$2,438
HUD FMRUsed$2,438
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,519
Loan amount$240,295
Down payment$60,074
Rate6.50%
Term30 years
-Operating costs-$719
Property taxes-$300
Insurance-$175
Utilities$0
HOA$0
Management-$244
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$38,905(64.8% ROI)
Projected value
$323,465
Return breakdown
Property appreciation+$23,096
Loan principal paid down+$8,609
Rental cash flow+$7,200
5-year hold
+$66,824(111.2% ROI)
Projected value
$339,840
Return breakdown
Property appreciation+$39,471
Loan principal paid down+$15,353
Rental cash flow+$12,000
10-year hold
+$144,711(240.9% ROI)
Projected value
$384,498
Return breakdown
Property appreciation+$84,129
Loan principal paid down+$36,582
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 56998 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 56998 (Parcel Return Service, DC) is $2,438 a month. That is up 8.5% from $2,246 in FY 2026. Parcel Return Service 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.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 56998
BedroomsFY 2027Change90–110% range
Studio$2,111+8.1%$1,900–$2,322
1BR$2,204+9.4%$1,984–$2,424
2BR$2,438+8.5%$2,194–$2,682
3BR$3,107+9.6%$2,796–$3,418
4BR$3,658+9.8%$3,292–$4,024

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 56998
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,111$2,204$2,438$3,107$3,658
FY 2026$1,953$2,015$2,246$2,835$3,332
FY 2025$2,012$2,056$2,314$2,893$3,413
FY 2024$1,772$1,803$2,045$2,544$3,015
FY 2023$1,589$1,615$1,838$2,299$2,742

Questions about ZIP 56998 rents

How much will Section 8 pay for a two-bedroom in ZIP 56998?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,438, that basic range is $2,194 to $2,682 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 56998 in?

ZIP 56998 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 56998 for FY 2027?

The two-bedroom FMR rose 8.5%, from $2,246 in FY 2026 to $2,438 in FY 2027. Since FY 2023 it has risen 32.6%.

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 Fair Market Rents. 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 rentParcel Return Service, DC fair market rentDC statewide rentsWhat is SAFMR?Data sources