Section 8 Fair Market Rent (FMR) for ZIP 19192 - 2027

FY 2027 Fair Market Rent Rates

To classify ZIP 19192 in Unknown, PA, we must rely on the available data, which includes the Fair Market Rent (FMR) for the fiscal year 2024. The FMR for ZIP 19192 is set at $1640. This figure is crucial for understanding the rental market's potential yield.

The lack of specific market rent and home value data makes it challenging to compare against typical market conditions. However, since the FMR is established by the U.S. Department of Housing and Urban Development (HUD) as a benchmark for affordable housing programs, including Section 8, it provides a solid foundation for assessing rental yields. Landlords can expect a consistent demand for properties that meet or slightly exceed this FMR, ensuring a steady cash flow.

Regarding stability, the absence of detailed metrics such as the percentage of renters, days on market (DOM), and median household income means we cannot definitively categorize the market's stability. These missing figures would normally help us understand how frequently properties change hands and the financial health of the local population, both key indicators for long-term investment stability.

Conclusion: ZIP 19192 appears to be a steady-cashflow zone based on the available FMR data. With an FMR of $1640, landlords can anticipate a reliable demand from tenants eligible for Section 8 assistance, leading to predictable rental income. However, without additional data on market rents, home values, and local economic indicators, the overall stability of the market remains unclear. For a comprehensive analysis, further investigation into local rental trends and economic conditions is recommended.

Data Sources: FMR data from HUD (2027).

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.