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 | $2,010 |
| 1 Bedroom | $2,180 |
| 2 Bedrooms | $2,600 |
| 3 Bedrooms | $3,100 |
| 4 Bedrooms | $3,420 |
| 5 Bedrooms | $3,967 |
| 6 Bedrooms | $4,443 |
| 7 Bedrooms | $4,798 |
| 8 Bedrooms | $5,038 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,180 | $273,030 | 0.8% | D |
| 2BR | $2,600 | $408,237 | 0.64% | D |
| 3BR | $3,100 | $550,743 | 0.56% | F |
| 4BR | $3,420 | $743,928 | 0.46% | F |
| 5BR | $3,967 | $835,470 | 0.47% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 19130 in Philadelphia, PA, reveals several key insights for landlords and small-portfolio investors. First, regarding the rent math, the Fair Market Rent (FMR) for FY 2024 is set at $2500, which is notably higher than the market rent of $1,920 as indicated by ZORI. This suggests that landlords may need to adjust their expectations if they aim to align with government subsidies, as the market rent is significantly lower.
Second, the acquisition cost of properties appears to be manageable. With a median home value of $433,118, potential investors can expect reasonable entry points into the market. Additionally, the average days on market (DOM) of 34 days and a low price-cut share of 0.2% indicate that homes are selling quickly without substantial discounts, making it a favorable environment for acquiring rental properties.
Third, there is a strong tenant demand in ZIP 19130. The population stands at 30,116, with a significant 62.5% of residents being renters. This high renter share signals robust demand for rental housing, providing landlords with a reliable pool of potential tenants.
In conclusion, while the rent math presents a challenge due to the discrepancy between the FMR and market rent, the affordability of acquisitions and the high tenant demand make ZIP 19130 a promising area for investment. Landlords should focus on properties priced around the median home value and be prepared to offer competitive rents to attract tenants. The quick sales and minimal price adjustments suggest a healthy real estate market, conducive to both buying and renting out properties.
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.