Location: Philadelphia-Camden-Wilmington, PA | Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,300 |
| 1 Bedroom | $1,420 |
| 2 Bedrooms | $1,700 |
| 3 Bedrooms | $2,020 |
| 4 Bedrooms | $2,230 |
| 5 Bedrooms | $2,587 |
| 6 Bedrooms | $2,897 |
| 7 Bedrooms | $3,129 |
| 8 Bedrooms | $3,285 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,700 | $352,822 | 0.48% | F |
| 3BR | $2,020 | $416,294 | 0.49% | F |
| 4BR | $2,230 | $636,379 | 0.35% | F |
U.S. Census Bureau data (2024)
The ZIP code 18074, encompassing Perkiomenville, PA, presents a dynamic housing market that is currently in flux. The Fair Market Rent (FMR) for the area stands at $1,650 for fiscal year 2024, indicating a significant premium over the reported market rent of $1,250 according to the Census American Community Survey (ACS). This suggests a potential upward trend in rental prices, driven by factors such as increased demand or regulatory pressures.
The median home value in Perkiomenville is $464,948, which places it in a moderate range for the region. However, the lack of specific data on the percentage of homes offered at a discount and the days on market (DOM) makes it challenging to definitively conclude whether supply outpaces demand or vice versa. Despite these gaps, the disparity between FMR and market rent implies that there may be an imbalance favoring higher rents due to the cost of living adjustments and landlord expectations.
A key indicator of the long-term housing pressure is the 3.3% renter share. This relatively low percentage of renters suggests that homeownership is prevalent in Perkiomenville. As a result, the dynamics of the rental market are likely influenced by the needs of a smaller subset of residents, possibly including students, young professionals, or those transitioning between homes. The limited rental market could mean that any increase in demand would put upward pressure on rents, given the smaller pool of available rental properties.
In summary, while the exact supply-demand balance remains unclear without additional time-series data, the current snapshot points towards a rental market that is experiencing upward pressure. The low renter share indicates a predominantly owner-occupied community, which can contribute to sustained rental demand when available units are scarce. Landlords and small-portfolio investors should consider these factors when evaluating their investment strategies in Perkiomenville.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.