FY2027 Small Area FMR · Waterford, VA

ZIP 20197 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 20197 (Waterford, VA) is $2,530 a month, up 10.0% from FY2026. That is 4% above the Washington-Arlington-Alexandria, DC-VA-MD area-wide FMR of $2,438.

2-bedroom SAFMR$2,530per month ▲ 10.0%

Area-wide 2 BR FMR$2,438Washington-Arlington-Alexand

Rank in the area171stof 488 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,277

2 BR Small Area FMR$2,530

110% of SAFMR$2,783

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$2,190▲ 9.5%

1 BR$2,290▲ 10.6%

2 BR$2,530▲ 10.0%

3 BR$3,230▲ 11.0%

4 BR$3,800▲ 11.1%

FY2027 FY2026

Where 20197 sits in the Washington-Arlington-Alexandria, DC-VA-MD area

Of the 488 ZIP codes HUD lists for the area, 20197 has the 171st highest two-bedroom Small Area FMR. Washington-Arlington-Alexandria, DC-VA-MD is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2016), so local housing agencies must set payment standards from this ZIP code's figure, normally between $2,277 and $2,783 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$2,190	$1,971 – $2,409	$2,111	$2,000
1 bedroom	$2,290	$2,061 – $2,519	$2,204	$2,070
2 bedrooms	$2,530	$2,277 – $2,783	$2,438	$2,300
3 bedrooms	$3,230	$2,907 – $3,553	$3,107	$2,910
4 bedrooms	$3,800	$3,420 – $4,180	$3,658	$3,420

A household renting a two-bedroom home at the Small Area FMR of $2,530 needs about $101,200 a year to keep housing costs at 30% of income. The area median family income is $166,100 and the 80% low-income limit for four people is $106,800. ZIP code 20197 lies mainly in Loudoun County. See the Washington-Arlington-Alexandria, DC-VA-MD metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
20129	Paeonian Springs	2.1 mi	$2,760
20158	Hamilton	4.2 mi	$2,560
20176	Leesburg	4.6 mi	$2,510
20180	Lovettsville	5.1 mi	$2,500
20132	Purcellville	5.3 mi	$2,610
21777	Point Of Rocks	7.8 mi	$1,820

Questions

What is the Fair Market Rent for ZIP code 20197?

HUD's FY2027 Small Area Fair Market Rents for 20197 are $2,190 (studio), $2,290 (1 BR), $2,530 (2 BR), $3,230 (3 BR) and $3,800 (4 BR) a month.

What is the Section 8 payment standard in 20197?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 20197 that range is $2,277 to $2,783 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 20197?

The FY2026 income limits of the Washington-Arlington-Alexandria, DC-VA-MD area apply: median family income $166,100, low-income (80%) limit $106,800 for a family of four.