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 | $1,590 |
| 1 Bedroom | $1,730 |
| 2 Bedrooms | $2,060 |
| 3 Bedrooms | $2,450 |
| 4 Bedrooms | $2,710 |
| 5 Bedrooms | $3,144 |
| 6 Bedrooms | $3,521 |
| 7 Bedrooms | $3,803 |
| 8 Bedrooms | $3,993 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,450 | $468,620 | 0.52% | F |
| 4BR | $2,710 | $607,678 | 0.45% | F |
| 5BR | $3,144 | $741,915 | 0.42% | F |
U.S. Census Bureau data (2024)
ZIP code 19352, with a population of 11,484, has only 2.7% of residents classified as renters. This indicates that the area is primarily dominated by homeowners rather than renters. The median household income in this ZIP is notably high at $165,365, which contrasts sharply with the market rent of $1,692. To put this into perspective, the typical rent consumes approximately 11.4% of the local median income. This calculation is derived from dividing the market rent ($1,692) by the median household income ($165,365), then multiplying by 100 to get the percentage.
The Fair Market Rent (FMR) for FY 2024 in this ZIP is set at $1,500, slightly below the current market rent. However, the low percentage of renters suggests that there is not a deep voucher demand in this area. The discrepancy between the high median income and the relatively lower market rent implies that rental properties here are likely affordable for most residents without needing assistance from housing vouchers.
Landlords in ZIP 19352 should expect tenants who are financially stable and capable of paying rent out of their own pockets. Given the high median income and low percentage of renters, it is unlikely that a significant portion of the tenant pool will rely on Section 8 vouchers. Tenants here are more likely to be individuals or families who can afford higher rents relative to their income, making this ZIP code less favorable for those seeking properties solely based on Section 8 voucher demand.
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.