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 | $1,850 |
| 1 Bedroom | $2,000 |
| 2 Bedrooms | $2,390 |
| 3 Bedrooms | $2,850 |
| 4 Bedrooms | $3,140 |
| 5 Bedrooms | $3,642 |
| 6 Bedrooms | $4,079 |
| 7 Bedrooms | $4,405 |
| 8 Bedrooms | $4,625 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,000 | $265,832 | 0.75% | D |
| 2BR | $2,390 | $355,673 | 0.67% | D |
| 3BR | $2,850 | $738,847 | 0.39% | F |
| 4BR | $3,140 | $1,187,556 | 0.26% | F |
| 5BR | $3,642 | $1,815,805 | 0.2% | F |
U.S. Census Bureau data (2024)
2330 is the Fair Market Rent (FMR) for ZIP code 19333 in Devon, Pennsylvania, for fiscal year 2024. 1840 represents the actual market rent, known as ZORI, indicating a gap between the FMR and what tenants typically pay. 837,445 is the median home value, showing a significant investment required for property ownership in this area. 34.4 is the percentage of the population that rents, suggesting a moderate demand for rental properties. 173,107 is the median income, which is crucial for assessing the financial stability of potential tenants. N/A indicates that there is no data available on days on market (DOM) or the percentage of homes that had their prices cut, implying a stable real estate market without frequent price adjustments or prolonged listings.
In ZIP 19333, landlords can expect to charge up to $2330 under Section 8 guidelines, while the average market rent is $1840. This difference suggests an opportunity for landlords to potentially receive higher rents through the Section 8 program compared to typical market rates. The median home value of $837,445 reflects the high cost of property acquisition in this affluent suburb, but the 34.4% share of renters and median income of $173,107 indicate a steady tenant base capable of meeting rental obligations. The lack of data on days on market and price-cut share implies that the housing market is relatively stable, with little indication of overpriced listings or extended vacancy periods.
The absence of specific data on days on market and price-cut share further supports the idea that properties in ZIP 19333 maintain their value and appeal to tenants. Given the financial parameters, landlords should find that the Section 8 program offers a reliable source of tenants who can afford the $2330 maximum allowable rent, even if it exceeds the typical market rate of $1840. This makes ZIP 19333 a favorable location for those considering participation in the Section 8 program, especially given the high median home value and stable rental market.
Verdict: ZIP 19333 presents a strong case for Section 8 participation, with stable rental markets and financially secure tenants.
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.