Section 8 Fair Market Rent (FMR) for ZIP 19345 - 2027

Location: Philadelphia-Camden-Wilmington, PA | Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,940
1 Bedroom$2,100
2 Bedrooms$2,510
3 Bedrooms$2,990
4 Bedrooms$3,300
5 Bedrooms$3,828
6 Bedrooms$4,287
7 Bedrooms$4,630
8 Bedrooms$4,862

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
768
Median Household Income
$N/A
Housing Units
0
Renter Percentage
N/A
Occupancy Rate
N/A
Renter Occupied
0
Based on the available data, ZIP 19345, located within the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA metro area, is best suited as a cash-flow anchor in a Section 8 portfolio strategy. The Federal Market Rent (FMR) for ZIP 19345 in fiscal year 2024 is set at $2430. This figure serves as a benchmark for rental prices in the area, ensuring steady and predictable cash flow for landlords participating in the Section 8 program.

The lack of specific market data, such as median home values and price-cut shares, makes it challenging to assess ZIP 19345 purely as an appreciation play or diversifier. However, the FMR provides a solid foundation for cash flow expectations.

In terms of environmental risks, ZIP 19345 faces a moderate risk of flooding, with 12% of properties potentially severely affected over the next 30 years. Additionally, the area has a minimal risk of wildfire but a significant risk of severe wind events, with 100% of properties at major risk over the same period.

To summarize, ZIP 19345 should be considered primarily as a cash-flow anchor due to its stable FMR and the absence of robust data supporting appreciation or diversification strategies. Landlords and small-portfolio investors can rely on consistent rental income, though they must be aware of the potential environmental risks when selecting properties for inclusion in their Section 8 portfolios.

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.