{"zip":"22033","city":"Fairfax","state":"VA","county":"Fairfax County","countySlug":"fairfax-county-va","metro":"Washington-Arlington-Alexandria, DC-VA-MD-WV","metroSlug":"washington-dc","citySlug":"fairfax-va","rentPeriod":"2026-06","acsPeriod":"ACS 2024 5-year","directRent":2361,"rentYoy":-0.0131,"bedroomEstimates":[2056,2117,2361,2980,3502],"hudFmr":[2360,2430,2710,3420,4020],"ladderSource":"safmr","population":39526,"populationMoe":1615,"medianIncome":143454,"medianIncomeMoe":6738,"medianGrossRent":2339,"medianGrossRentMoe":52,"housingUnits":16263,"occupiedUnits":15840,"vacantUnits":423,"renterOccupied":5747,"rentBurdenTotal":5747,"rentBurden30Plus":2427,"vacantForRent":156,"vacantForSale":101,"vacantSeasonal":9,"structureTotal":16263,"singleFamilyUnits":9311,"largeMultifamilyUnits":2045,"vacancyRate":0.026009961261759824,"renterShare":0.36281565656565656,"rentBurdenShare":0.42230729076039675,"requiredIncome":94440,"askingRentToIncome":0.19749884980551258,"askingVsAcsRent":1.009405728943993,"askingVsHud2br":0.8712177121771217,"cityRent":2457.9154654654653,"countyRent":2542,"metroRent":2448,"cityGrossRent":2245,"countyGrossRent":2276,"countyListings":2210,"countyListingDom":29,"countyPriceReducedShare":0.1469,"countyListingPeriod":"2026-06","metroMonthsSupply":null,"metroMedianDom":null,"metroPriceDrops":null,"metroResalePeriod":"2026-05-01","apartmentVacancy":0.0679531232828466,"apartmentTimeOnMarket":32.7,"zipResalePeriodBegin":"2026-04-01","zipResalePeriodEnd":"2026-06-30","zipResaleUpdated":"2026-07-03","zipHomesSold":140,"zipSalePrice":764183,"zipSalePriceYoy":0.0917,"zipMedianDom":20,"zipActiveListings":230,"zipActiveListingsYoy":0.1681,"zipInventory":75,"zipInventoryYoy":0.3203,"zipPendingSales":132,"zipMonthsSupply":1.6,"zipSaleToList":1.0105,"zipSoldAboveList":0.4858,"zipOffMarketTwoWeeks":0.6708,"generatedAt":"2026-09-01 11:50:31.123338+00","summaryHtml":"<p>Rent and resale data point in different directions in 22033. At the June 2026 endpoint, Zillow’s ZIP-level ZORI was $2,361 per month, down 1.3% from a year earlier. ZORI is a typical observed asking-rent index blended across rental types, not a lease transaction series or a measure for one specific unit. The five-digit label is both Zillow’s ZIP market identifier and a matched Census ZCTA; a ZCTA is a statistical area and is not identical to a USPS delivery ZIP. The immediate rental reading is therefore cooling, while later resale evidence shows a different market universe moving more firmly upward.</p><p>History puts that current decline in context rather than treating it as a stand-alone signal. Exact same-month annualized rent changes were -1.3% over one year, 2.5% over three years, and 4.8% over five years. The recent direction breaks from the longer positive path, although it does not erase that earlier cumulative rent growth. Annualized monthly-return variability measured 2.2%, showing that monthly ZORI changes were not perfectly flat across the record. Separately, the maximum drawdown was 3.2%, documenting a prior peak-to-trough retreat. History coverage was complete across 138 direct observations. Momentum rank 2,184 and stability rank 328, where lower ranks are higher, are transparent national discovery ranks among history-eligible ZIPs, not forecasts or quality grades. The cooling signal merits attention, but one current rent snapshot should be read alongside this full backward-looking path.</p><p>Source definitions explain why several rent figures can sit close together without being interchangeable. In the matched ACS 2024 five-year ZCTA survey, median gross rent was $2,339, or 0.9% below ZIP ZORI. ACS is a survey of occupied renter homes and its gross-rent measure includes selected utilities; it is not a current asking-rent index. HUD’s local two-bedroom FMR/SAFMR standard was $2,710, an administrative bedroom-specific standard rather than asking rent. The bedroom ladder below is modelled by scaling ZIP ZORI with that local HUD ladder, never measured bedroom rents: $2,056 for studios, $2,117 for one bedroom, $2,361 for two bedrooms, $2,980 for three bedrooms, and $3,502 for four bedrooms. These estimates describe a consistent modelling framework, not an observed inventory of advertised bedroom rents.</p><p>Household-income and burden measures create a separate affordability tension. The ACS ZCTA median household income was $143,454. Applying a 30% payment screen to the current $2,361 monthly ZORI produces required annual income of $94,440, and the ZIP asking-rent-to-median-income arithmetic is 19.7%. That screen is arithmetic only, not advice and not an applicant qualification rule; actual household income, unit rent, utility treatment, fees, and household composition can differ materially. At the same time, 42.2% of renter households in the ACS burden universe paid at least 30% of income toward gross rent. The contrast between a ZIP-wide median-income screen and reported renter burden means neither statistic proves affordability for a particular household or unit.</p><p>The housing-stock profile supplies useful scale but does not establish current rental availability. The ZCTA contained 16,263 housing units, with 423 vacant units, producing a 2.6% overall vacancy rate. Renters represented 36.3% of occupied homes. The stock includes 9,311 single-family units and 2,045 units in large multifamily structures, leaving other structure types outside those two categories. These are ACS area aggregates, not a live count of apartments, homes, or lease-ready units. In particular, a vacant home may be for sale, held off market, under repair, seasonal, or otherwise unavailable for rent, so the vacancy statistic cannot be used as proof that a specific rental should be obtainable.</p><p>Broader rent benchmarks sit above the ZIP index, but they remain context rather than substitutes for ZIP evidence: the Fairfax city asking-rent context is $2,458, Fairfax County context is $2,542, and Washington-Arlington-Alexandria, DC-VA-MD-WV metro context is $2,448. ZIP ZORI is below each of those wider asking-rent measures. That comparison is directional only because city, county, and metro figures cover broader geographies and potentially different rental mixes. It does not override the direct 22033 rent history, nor does it turn a regional figure into a unit-level comparable.</p><p>The direct rolling-three-month ZIP resale observation presents the clearest counterweight to rent cooling. Median sold price was $764,183, up 9.2% year over year, while 140 homes sold with a median 20 days on market. Active-listing inventory stood at 230 homes and months of supply was 1.6; the average sale-to-list result was 101.05%. These are for-sale and resale signals, not rental transactions or rental comparables. Their tension with the rental record is explicit: resale prices rose even as the asking-rent index declined over the recent year, while active listings indicate more available sale-side inventory than a price-only reading would show. Annualized ZIP ZORI divided by median sold price equals 3.7%, but that is only a cross-source screening ratio without property-level expenses, financing, or cash-flow interpretation.</p><p>Decision use requires keeping the timeframes and universes separate. ZORI is an asking-rent index; ACS is a survey estimate for occupied renter homes; HUD is an administrative standard; and Redfin records direct ZIP resale activity. None supplies a unit’s signed lease, concession package, condition, utilities, renewal terms, or operating costs. Concrete property-level checks should verify the current advertised rent, bedroom configuration, lease duration, utility inclusions, recurring fees, concessions, availability date, and comparable recent sales where resale is relevant. They should also confirm whether a HUD bedroom standard applies to the intended use. The central question is whether the specific unit’s documented terms align with the cooling asking-rent record while remaining distinct from the stronger but separate resale evidence.</p>","findings":[{"body":"ZIP ZORI was $2,361 in June 2026 and declined 1.3% over the latest same-month year. That contrasts with positive annualized changes over the three-year and five-year horizons. The record has complete coverage across 138 observations, but the current decline is a backward-looking measurement, not a forecast of subsequent rents.","title":"Recent rent cooling interrupts a longer positive history"},{"body":"The bedroom estimates use ZIP ZORI scaled by the local HUD bedroom ladder. They range from $2,056 for a studio to $3,502 for a four-bedroom configuration, with the two-bedroom estimate equal to the overall $2,361 ZIP index. HUD FMR/SAFMR is an administrative standard, so neither it nor the derived ladder should be read as a count of available units.","title":"Bedroom figures are modelled, not advertised-rent observations"},{"body":"A 30% screen applied to current ZORI produces $94,440 in annual required income, below the ACS ZCTA median household income of $143,454. Yet 42.2% of ACS renter households reported gross-rent burdens of at least 30% of income. The difference shows why a median-based calculation cannot determine affordability or qualification for an individual renter.","title":"Area-level income arithmetic and renter burden diverge"},{"body":"In the direct rolling-three-month ZIP resale observation, median sold price reached $764,183 and was 9.2% higher year over year. Homes sold in a median 20 days, with a 101.05% average sale-to-list result. Those sale-side observations differ from rental transactions, but they create a visible tension with the latest decline in Zillow’s asking-rent index.","title":"Resale strength challenges the recent rent signal"}],"risks":["The ZIP rent index, ACS ZCTA survey, HUD standards, and Redfin resale observation use different populations, definitions, and time windows, so close-looking dollar figures should not be treated as interchangeable comparable rents.","The burden statistic describes surveyed renter households in aggregate and cannot prove that a particular available unit is affordable, unavailable, overpriced, or likely to lease at any stated rent.","Modelled bedroom estimates inherit the overall ZIP index and HUD ladder assumptions; they do not replace unit-specific asking rents, concessions, utility treatment, lease terms, or condition adjustments.","The rent-to-price screen excludes property expenses, financing, taxes, insurance, maintenance, vacancy experience, and transaction costs, so it cannot describe the economics of a specific property."],"qa":[{"a":"Zillow ZORI is a ZIP-level typical observed asking-rent index blended across rental types. ACS median gross rent is a five-year survey estimate for occupied renter homes and includes selected utilities. They answer different questions, cover different timing, and should be compared only with those scope differences clearly retained.","q":"Why is Zillow ZORI different from ACS median gross rent?"},{"a":"No. The studio through four-bedroom figures are modelled monthly estimates created by scaling the overall ZIP ZORI with the local HUD bedroom ladder. They are not direct observations of advertised listings, signed leases, available inventory, or the rents of units sharing the same bedroom count.","q":"Are the bedroom rent estimates measured rents for 22033 listings?"},{"a":"No. The decline is a historical same-month measurement through the stated endpoint. It breaks from positive three-year and five-year annualized changes, but neither the history, volatility measure, drawdown measure, nor discovery ranks supplies a forecast, recommendation, or guarantee about future asking rents.","q":"Does the recent ZORI decline mean rents will continue falling?"},{"a":"Redfin’s figures describe a direct rolling-three-month ZIP for-sale market: sold prices, transaction volume, marketing time, inventory, supply, and sale-to-list outcomes. They are not rental transactions. Rising resale prices alongside cooling ZORI is a cross-universe tension, while annualized ZORI divided by sale price remains only a screening ratio.","q":"How should the resale evidence be read alongside the rent evidence?"}],"sources":[{"key":"apartment_list_time_on_market","name":"Apartment List Time on Market — listing liquidity","release":"Apartment List 2026-07","pulledAt":"2026-08-08","url":"https://www.apartmentlist.com/research/category/data-rent-estimates"},{"key":"apartment_list_vacancy","name":"Apartment List Vacancy Index — rental vacancy","release":"Apartment List 2026-07","pulledAt":"2026-08-08","url":"https://www.apartmentlist.com/research/apartment-list-vacancy-index-methodology"},{"key":"census_zcta_facts","name":"Census ACS five-year — ZCTA housing and income","release":"ACS 2024 5-year ZCTA","pulledAt":"2026-08-08","url":"https://api.census.gov/data/2024/acs/acs5.html"},{"key":"hud_zip","name":"HUD USPS crosswalk and Small Area FMRs — ZIP rent 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