Location: Philadelphia-Camden-Wilmington, PA | Metro: Lancaster, PA 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 | $1,370 |
| 1 Bedroom | $1,480 |
| 2 Bedrooms | $1,770 |
| 3 Bedrooms | $2,120 |
| 4 Bedrooms | $2,330 |
| 5 Bedrooms | $2,703 |
| 6 Bedrooms | $3,027 |
| 7 Bedrooms | $3,269 |
| 8 Bedrooms | $3,432 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,120 | $397,475 | 0.53% | F |
| 4BR | $2,330 | $487,209 | 0.48% | F |
U.S. Census Bureau data (2024)
The ZIP code 19310 presents an interesting landscape for landlords and small-portfolio investors considering Section 8 tenants. With a population of 2,950, only 17.4% are renters, indicating that this area is predominantly homeowner-dominated rather than renter-heavy. This means that the pool of potential Section 8 tenants is relatively smaller compared to areas with higher rental percentages.
The median household income in ZIP 19310 is $82,371. The average market rent stands at $1,265, which equates to approximately 15.3% of the median income. This suggests that typical rents are affordable for most residents, but landlords must still be mindful of the financial constraints faced by Section 8 tenants. The Federal Market Rent (FMR) for the area is set at $1,660 for FY 2024, which is significantly higher than the market rent. This indicates that landlords accepting Section 8 vouchers could potentially receive payments closer to the FMR, thus providing a buffer against the lower market rents.
Given the demographics and economic conditions of ZIP 19310, landlords should anticipate a tenant profile that includes individuals and families who rely on housing assistance due to limited financial resources. These tenants will likely have a combined income that is less than 50% of the area's median income, aligning with the eligibility criteria for Section 8 programs. While the demand for vouchers might not be as high as in more densely populated rental markets, the availability of housing options for low-income families remains crucial.
To summarize, while ZIP 19310 is not heavily reliant on rentals, it still offers opportunities for landlords willing to accept Section 8 vouchers. The difference between the market rent and the FMR provides a financial advantage, making it a viable option for those interested in serving the needs of low-income families in the area.
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.