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 | $1,150 |
| 1 Bedroom | $1,260 |
| 2 Bedrooms | $1,510 |
| 3 Bedrooms | $1,810 |
| 4 Bedrooms | $2,060 |
| 5 Bedrooms | $2,390 |
| 6 Bedrooms | $2,677 |
| 7 Bedrooms | $2,891 |
| 8 Bedrooms | $3,036 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,510 | $256,511 | 0.59% | F |
| 3BR | $1,810 | $343,168 | 0.53% | F |
| 4BR | $2,060 | $425,810 | 0.48% | F |
U.S. Census Bureau data (2024)
Red Hill, Pennsylvania, located in Montgomery County, is a ZIP code area with a unique demographic profile. With a total population of 2,833 residents, it stands out due to its relatively low rental rate of 24.0%. The median income in Red Hill is $79,615, indicating a middle-class community, while the median home value is significantly higher at $349,454, reflecting a strong real estate market.
The Section 8 voucher program plays a crucial role in the local rental market. The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 18076 for fiscal year 2024 is set at $1,950. This amount is substantially higher than the average market rent of $983, based on Census American Community Survey (ACS) data. Landlords participating in the Section 8 program can expect to receive a payment standard that closely aligns with the FMR, providing a stable income source for their properties. However, it's important to note that the market rent is lower, which could indicate either a gap in the local rental supply or a preference among renters for cheaper housing options.
The data signature for ZIP 18076 suggests a stable environment. Despite the high median home values, the relatively low rental rate and the significant disparity between the FMR and the actual market rent point towards a community where homeownership is preferred over renting. For small-portfolio investors considering the Section 8 program, Red Hill offers a solid opportunity to secure steady rental income through government subsidies, albeit with a potentially limited pool of renters.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.