Section 8 Fair Market Rent (FMR) for ZIP 19102 - 2027

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

Investment Score for ZIP 19102

Monthly Rent (2BR)

$2,790

Median Price (2BR)

$558,176

1% Rule

0.5%

Annual Yield

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	$2,160
1 Bedroom	$2,340
2 Bedrooms	$2,790
3 Bedrooms	$3,320
4 Bedrooms	$3,670
5 Bedrooms	$4,257
6 Bedrooms	$4,768
7 Bedrooms	$5,149
8 Bedrooms	$5,406

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$2,340	$273,176	0.86%	C
2BR	$2,790	$558,176	0.5%	F
3BR	$3,320	$1,418,239	0.23%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

6,195

Median Household Income

$102,093

Housing Units

4,964

Renter Percentage

80.1%

Occupancy Rate

87.6%

Renter Occupied

3,482

The ZIP code 19102, located in Philadelphia, Pennsylvania, is a vibrant urban area that offers a mix of historic charm and modern amenities. This neighborhood is characterized by its diverse population and robust rental market, making it an attractive location for both landlords and small-portfolio investors looking to capitalize on strong demand and stable returns.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 19102 for fiscal year 2024 is set at $2,610, indicating the government's benchmark for affordable housing costs.
The market rent, as measured by Zillow's ZORI index, stands at $2,189, which is below the FMR but still represents a healthy rental price point for investors.
The median home value in this ZIP code is $373,198, reflecting the overall property values and potential for appreciation.
Renters make up 80.1% of the housing market in ZIP 19102, suggesting a strong preference for renting over homeownership among residents.
The median income in this area is $102,093, providing a solid financial foundation for tenants to afford higher rents and potentially lower vacancy rates.

In summary, ZIP 19102 presents a favorable investment environment due to its high renter share and median income levels, which support sustainable rental prices. Although the ZORI market rent is slightly lower than the FMR, the difference can be leveraged to offer competitive rates while maintaining profitability. The median home value also suggests potential growth opportunities for investors willing to purchase properties at or below this figure. Overall, the combination of these factors makes ZIP 19102 a promising area for those interested in real estate investments, particularly in rental properties.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.