Section 8 Fair Market Rent (FMR) for ZIP 18972 - 2027

Location: Philadelphia-Camden-Wilmington, PA | Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA

Investment Score for ZIP 18972

Monthly Rent (2BR)

$1,820

Median Price (2BR)

$429,786

1% Rule

0.42%

Annual Yield

5.08%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,410
1 Bedroom	$1,520
2 Bedrooms	$1,820
3 Bedrooms	$2,170
4 Bedrooms	$2,390
5 Bedrooms	$2,772
6 Bedrooms	$3,105
7 Bedrooms	$3,353
8 Bedrooms	$3,521

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,820	$429,786	0.42%	F
3BR	$2,170	$577,411	0.38%	F
4BR	$2,390	$727,797	0.33%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,104

Median Household Income

$80,208

Housing Units

1,517

Renter Percentage

22.4%

Occupancy Rate

91.0%

Renter Occupied

309

The Upper Black Eddy area, located in ZIP code 18972, is a picturesque community situated along the Delaware River in Bucks County, Pennsylvania. This region is known for its serene environment, historical charm, and proximity to major urban centers like Philadelphia and New York City. The real estate market here is influenced by both its desirable living conditions and the broader economic trends affecting the surrounding areas.

The Fair Market Rent (FMR) for ZIP 18972 is set at $2090 for the fiscal year 2024, according to HUD's latest guidelines.
The average market rent in the area stands at $1,364, based on data from the Census Bureau's American Community Survey.
The median home value in Upper Black Eddy is $546,417, reflecting the high demand for owner-occupied homes.
Renters make up 22.4% of the housing market, indicating a significant portion of the population that prefers leasing over purchasing.
The median household income in the area is $80,208, providing insight into the financial stability and spending power of local residents.

The data points highlight a mixed market where both renters and homeowners are present, with a slight tilt towards homeownership given the higher median home values. However, the gap between the Fair Market Rent and the actual market rent suggests potential for rental properties to increase their rates closer to the FMR without losing tenants. Investors should consider the strong economic foundation of the area, with median incomes well above the national average, which supports the demand for both rentals and home purchases. Given these factors, Upper Black Eddy presents a stable investment opportunity, particularly for those looking to capitalize on the rental market's growth potential while benefiting from the overall health of the real estate sector.

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.