Section 8 Fair Market Rent (FMR) for ZIP 19026 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,290
1 Bedroom$1,400
2 Bedrooms$1,670
3 Bedrooms$1,990
4 Bedrooms$2,190
5 Bedrooms$2,540
6 Bedrooms$2,845
7 Bedrooms$3,073
8 Bedrooms$3,227

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
32,725
Median Household Income
$89,234
Housing Units
13,512
Renter Percentage
34.9%
Occupancy Rate
95.0%
Renter Occupied
4,481

Housing Authorities Serving ZIP 19026

Drexel Hill, PA, located in ZIP code 19026, stands out among other areas due to its unique demographic and economic characteristics. With a population of 32,725 residents, Drexel Hill has a rental rate of 34.9%, slightly above the national average. The median income in the area is $89,234, which is relatively high compared to many neighboring communities. Additionally, the median home value in Drexel Hill is $315,354, indicating a strong and stable housing market.

The voucher economics in Drexel Hill also present an interesting opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1,620, while the market rent, as measured by the Zillow Rent Index (ZORI), is currently at $1,558. This suggests that properties rented through the Section 8 program can command a higher rent, potentially leading to increased revenue for landlords.

Given the data signature of Drexel Hill, it appears to be a stable area. The relatively high median income supports a robust local economy, and the close alignment between the FMR and ZORI indicates that the rental market is well-regulated and predictable. This stability is further reinforced by the high median home value, suggesting that the housing stock is maintained at a high standard and that homeownership is a significant factor in the community.

Data Sources: FMR data from HUD (2027). 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.