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 | $1,950 |
| 1 Bedroom | $2,120 |
| 2 Bedrooms | $2,520 |
| 3 Bedrooms | $3,000 |
| 4 Bedrooms | $3,320 |
| 5 Bedrooms | $3,851 |
| 6 Bedrooms | $4,313 |
| 7 Bedrooms | $4,658 |
| 8 Bedrooms | $4,891 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $3,000 | $1,194,069 | 0.25% | F |
| 4BR | $3,320 | $1,382,147 | 0.24% | F |
| 5BR | $3,851 | $2,201,894 | 0.17% | F |
U.S. Census Bureau data (2024)
The ZIP code 19085 stands out in its county with a unique demographic profile and housing economics. With a population of 11,230 residents, it has an exceptionally low rental rate at only 0.6%, indicating that the vast majority of its residents own their homes. This ownership trend is further underscored by the high median home value of $1,566,115, which places it among the most expensive residential areas in the region. The median income of $250,001 suggests a relatively affluent community where homeownership is financially feasible for many.
Despite the low rental rate, the Section 8 program still plays a role in the local housing market. The Fair Market Rent (FMR) for ZIP 19085 for fiscal year 2024 is set at $2,350. This figure is crucial for landlords and small-portfolio investors considering participation in the Section 8 voucher program. However, due to the scarcity of rental properties, the market rent data is not available, which means the FMR serves as the benchmark for rental rates in subsidized housing.
The data signature for ZIP 19085 reads as stable. The high median home value and income levels indicate a strong economic foundation that supports homeownership. For those few who do rent, the FMR provides a reliable guideline for rental pricing. Landlords should be aware that the demand for rental units is likely to be lower compared to other areas, but the potential for long-term stability and consistent income through the Section 8 program remains attractive. Investors looking to enter this ZIP code should focus on the niche market of rentals and ensure they meet the requirements for participating in the voucher program to secure steady tenants.
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.