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 | $1,890 |
| 1 Bedroom | $2,040 |
| 2 Bedrooms | $2,440 |
| 3 Bedrooms | $2,910 |
| 4 Bedrooms | $3,210 |
| 5 Bedrooms | $3,724 |
| 6 Bedrooms | $4,171 |
| 7 Bedrooms | $4,505 |
| 8 Bedrooms | $4,730 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,440 | $505,099 | 0.48% | F |
| 3BR | $2,910 | $560,991 | 0.52% | F |
| 4BR | $3,210 | $823,933 | 0.39% | F |
| 5BR | $3,724 | $1,086,415 | 0.34% | F |
U.S. Census Bureau data (2024)
The classification of ZIP code 18947 (Pipersville, PA) on the yield and stability axes reveals a unique investment scenario for landlords and small-portfolio investors. Let's break down the key figures to understand the dynamics better.
On the yield axis, the Fair Market Rent (FMR) for ZIP 18947 is set at $1,990 for the fiscal year 2024, which is slightly above the market rent of $1,927. This indicates that the rental income potential is marginally higher than what the market currently offers. However, when considering the median home value of $685,124, the yield percentage is relatively low. The FMR represents approximately 3.5% of the median home value, suggesting that while there is some upside in rental rates, it is not substantial enough to be classified as a high-yield market.
Moving to the stability axis, the percentage of renters in the area is quite low at 7.8%. This figure suggests that the majority of residents prefer homeownership over renting, which can lead to less consistent demand for rental properties. Additionally, the median household income in the area is $140,783, indicating a robust financial standing among residents. While this high income level could support higher rents, the low percentage of renters implies that there might be fewer tenants willing to pay these rates. The absence of data on days on market (DOM) makes it challenging to assess how quickly properties are leased, but typically, a lower percentage of renters correlates with less stable occupancy rates.
Given these figures, ZIP 18947 does not fit neatly into either a high-yield/low-stability flip-style market or a steady-cashflow zone. Instead, it presents a scenario where the rental income potential is modestly above the market rate, but the stability is compromised due to the low percentage of renters. This makes it a moderate-risk investment, suitable for those who can afford to wait for longer lease periods and are willing to manage a property in an area predominantly populated by homeowners.
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.