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 | $1,120 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,450 |
| 3 Bedrooms | $1,730 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,730 | $204,341 | 0.85% | C |
| 4BR | $1,910 | $275,874 | 0.69% | D |
| 5BR | $2,216 | $391,428 | 0.57% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 19126 in fiscal year 2024 is set at $1430. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not necessarily the rent you will receive; it is the benchmark against which rent is calculated.
To compare, the local Zillow Observed Rental Index (ZORI) stands at $1,271. This indicates that the average market rent in your area is below the FMR, suggesting that the Section 8 program could offer a slightly higher rent than the typical market rate. However, this difference should be considered alongside the administrative requirements and potential delays in receiving payments.
The demand for rental properties in this area is substantial, with 38.8% of residents being renters. This high percentage suggests a robust market for rental properties, including those participating in the Section 8 program. Landlords can expect a steady pool of tenants interested in subsidized housing options.
In terms of acquiring a property, the median home value in ZIP code 19126 is around $230,292. This figure can help you estimate the initial investment required for purchasing a property to rent out under Section 8. Keep in mind that the actual cost may vary based on the condition and location of the property.
Before proceeding, it is crucial to verify that your property meets all the necessary requirements for the Section 8 program. This includes ensuring that the property passes the Housing Quality Standards (HQS) inspection. The HQS criteria are designed to ensure that rental units are safe, decent, and sanitary, and failing to meet these standards could delay or prevent participation in the program.
By understanding the FMR, comparing it to local market rates, recognizing the demand for rentals, and ensuring compliance with HQS, you can make an informed decision about entering the Section 8 rental market in ZIP code 19126.
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.