Section 8 Fair Market Rent (FMR) for ZIP 19096 - 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	$2,030
1 Bedroom	$2,190
2 Bedrooms	$2,620
3 Bedrooms	$3,120
4 Bedrooms	$3,440
5 Bedrooms	$3,990
6 Bedrooms	$4,469
7 Bedrooms	$4,827
8 Bedrooms	$5,068

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

15,249

Median Household Income

$186,277

Housing Units

5,971

Renter Percentage

21.0%

Occupancy Rate

98.6%

Renter Occupied

1,235

Housing Authorities Serving ZIP 19096

Montgomery County Housing Authority (Norristown, PA) - 3,172 Section 8 vouchers
Housing Authority County of Delaware (Woodlyn, PA) - 2,983 Section 8 vouchers
Chester Housing Authority (Chester, PA) - 1,628 Section 8 vouchers

Wynnewood, PA, located within ZIP code 19096, is a part of the greater Philadelphia metropolitan area known for its affluent residential neighborhoods and proximity to urban amenities. This suburb offers a mix of single-family homes and rental properties, making it an attractive location for both homeowners and renters alike.

The Fair Market Rent (FMR) for ZIP 19096 in fiscal year 2024 is set at $2,490, indicating the government's benchmark for affordable housing standards in the area.
The market rent, as measured by Zillow's ZORI index, stands at $2,209, reflecting the actual rental rates that tenants are willing to pay.
The median home value in Wynnewood is $807,519, suggesting a robust real estate market with high property values.
Renters make up 21.0% of the housing market, showing a significant but not overwhelming presence of rental properties compared to owner-occupied homes.
The days on market (DOM) for rental listings is 5 days, which indicates a strong demand for rental units and quick turnover.
The median household income in the area is $186,277, pointing towards a wealthy demographic that can afford higher rents and property taxes.

The data points above suggest that Wynnewood presents a favorable investment climate for landlords and small-portfolio investors. The relatively low difference between the FMR and ZORI suggests a stable rental market where properties are priced reasonably close to government guidelines. High median home values and median incomes indicate a prosperous community capable of supporting higher rental costs. The quick turnover of rental listings implies a competitive market with many potential tenants, ensuring that vacancies will be short-lived. In summary, the combination of these factors makes Wynnewood a solid choice for those looking to invest in a well-established, financially healthy real estate market.

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.