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 | $1,360 |
| 1 Bedroom | $1,470 |
| 2 Bedrooms | $1,760 |
| 3 Bedrooms | $2,100 |
| 4 Bedrooms | $2,310 |
| 5 Bedrooms | $2,680 |
| 6 Bedrooms | $3,002 |
| 7 Bedrooms | $3,242 |
| 8 Bedrooms | $3,404 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,470 | $221,336 | 0.66% | D |
| 2BR | $1,760 | $258,246 | 0.68% | D |
| 3BR | $2,100 | $325,895 | 0.64% | D |
| 4BR | $2,310 | $366,454 | 0.63% | D |
U.S. Census Bureau data (2024)
The real estate market in ZIP 19114, Philadelphia, PA, is poised for stability and potential growth over the next 12-24 months. The median home value currently stands at $320,637, indicating a robust housing base that has shown resilience against broader economic fluctuations. With only 0.2% of listings experiencing reductions, it's evident that sellers maintain significant pricing power, suggesting a market where demand meets supply effectively without substantial downward pressure on prices.
The 15-day median Days on Market (DOM) further underscores this point, revealing a brisk sales pace that supports the notion of a seller's market. This quick turnover rate suggests strong buyer interest and confidence in the area, which can translate into sustained pricing power and minimal inventory build-up.
On the rental side, the Federal Market Rent (FMR) for ZIP 19114 is set at $1,690 for fiscal year 2024, compared to the current market average of $1,576 (ZORI). This gap signals an upward trajectory for rents, benefiting landlords who can adjust their rental rates closer to the FMR as the year progresses. For long-term investors, the setup implies a realistic appreciation thesis, driven by both the stable home values and the growing rental income potential.
The consistent home values and the positive rental dynamics suggest that ZIP 19114 will continue to offer solid returns for investors, particularly those with a long-term horizon. Landlords and small-portfolio investors should anticipate steady performance in both the resale and rental markets, aligning with the overall trend towards stability and gradual appreciation.
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.