Section 8 Fair Market Rent (FMR) for ZIP 19054 - 2027

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

Investment Score for ZIP 19054

Monthly Rent (2BR)

$1,980

Median Price (2BR)

$374,475

1% Rule

0.53%

Annual Yield

6.34%

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	$1,530
1 Bedroom	$1,660
2 Bedrooms	$1,980
3 Bedrooms	$2,360
4 Bedrooms	$2,600
5 Bedrooms	$3,016
6 Bedrooms	$3,378
7 Bedrooms	$3,648
8 Bedrooms	$3,830

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	$1,980	$374,475	0.53%	F
3BR	$2,360	$401,082	0.59%	F
4BR	$2,600	$446,397	0.58%	F
5BR	$3,016	$499,632	0.6%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

17,518

Median Household Income

$104,713

Housing Units

6,676

Renter Percentage

21.9%

Occupancy Rate

98.7%

Renter Occupied

1,445

Levittown, Pennsylvania, located in ZIP code 19054, is a suburban community known for its post-war housing development. As a real-estate analyst focusing on the Section 8 housing market, the following analysis provides insights into the rental and property values that could influence investment decisions.

The Fair Market Rent (FMR) for ZIP 19054 in fiscal year 2024 is set at $1750. This figure represents the maximum amount that a landlord can charge for a Section 8 voucher, indicating the subsidized rental rate available to low-income tenants.
The market rent for the area, as measured by the Zillow Observed Rent Index (ZORI), stands at $1,969. This metric reflects the average rent paid by tenants in the area, providing a benchmark against which Section 8 rents can be compared.
The median home value in Levittown is $397,227. This suggests that while the area has affordable housing options, there is also a significant presence of owner-occupied homes, indicating a mixed housing market.
Renters make up 21.9% of the population in ZIP 19054, showing that a substantial portion of residents prefer renting over owning, which could be due to various factors including affordability and lifestyle preferences.
The median household income in the area is $104,713, suggesting that the majority of residents have the financial means to afford market-rate rents, although a portion may still rely on assistance programs such as Section 8.

The data points indicate that Levittown offers a balanced opportunity for both market-rate rentals and Section 8 properties. With a market rent slightly above the FMR, landlords can expect a competitive landscape where Section 8 vouchers might provide a steady stream of tenants, though they will need to manage expectations regarding rental rates. The high median income supports the potential for higher market rents, but the significant renter share highlights the ongoing demand for affordable housing solutions. For small-portfolio investors, Levittown presents a viable market with clear guidelines on subsidized rents and a diverse tenant base.

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.