Location: Philadelphia-Camden-Wilmington, PA | Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,110 |
| 1 Bedroom | $2,280 |
| 2 Bedrooms | $2,720 |
| 3 Bedrooms | $3,240 |
| 4 Bedrooms | $3,580 |
| 5 Bedrooms | $4,153 |
| 6 Bedrooms | $4,651 |
| 7 Bedrooms | $5,023 |
| 8 Bedrooms | $5,274 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 19319 within the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA reveals several critical points for landlords and small-portfolio investors.
Firstly, regarding the rent math, the Fair Market Rent (FMR) for ZIP 19319 in fiscal year 2024 is set at $2390. However, the lack of specific market rent data means that direct comparison is impossible. Investors should be cautious about relying solely on FMR estimates without considering local market conditions.
Secondly, the acquisition affordability in ZIP 19319 is questionable given the median home value stands at $721,321. This high figure suggests that purchasing properties in this area could be expensive, especially without any insight into the Days on Market (DOM) and the percentage of homes requiring price cuts. These metrics would provide a clearer picture of the market's willingness to accept lower prices.
Lastly, tenant demand appears to be low. With a total population of 792, only a negligible 0.0% of residents are renters. This indicates a highly owner-occupied community, which poses significant challenges for rental property investors looking to attract tenants.
Verdict: ZIP 19319 presents a challenging investment environment due to its high median home values and extremely low renter share. The lack of market rent data further complicates the decision-making process. For landlords and small-portfolio investors, this area does not appear to offer a viable opportunity for profitable rental operations based on the available data.
Data Sources: FMR data from HUD (2027). 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.