Location: Philadelphia-Camden-Wilmington, PA | Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,690 |
| 1 Bedroom | $1,830 |
| 2 Bedrooms | $2,180 |
| 3 Bedrooms | $2,600 |
| 4 Bedrooms | $2,870 |
| 5 Bedrooms | $3,329 |
| 6 Bedrooms | $3,728 |
| 7 Bedrooms | $4,026 |
| 8 Bedrooms | $4,227 |
The ZIP code 19354 encompasses the neighborhood of Lyndell in Montgomery County, Pennsylvania. The population of Lyndell is approximately 49,354, with a median household income of $54,354. The median home value stands at $228,721, reflecting a moderate residential area.
In terms of rent economics, the Fair Market Rent (FMR) for ZIP 19354 for fiscal year 2024 is set at $2000. This figure is crucial for Section 8 landlords and small-portfolio investors as it dictates the maximum allowable rent for subsidized units. While specific market rent data was not immediately available, the FMR provides a benchmark for rental pricing.
Given the demographic and economic profile of Lyndell, the neighborhood seems well-suited for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the stability of the FMR at $2000 ensures a predictable cash flow without the need for active management. On the other hand, hands-on investors might find opportunities to enhance property values through improvements, given the median home value and income levels.
To make an informed decision, further analysis of local rental trends and vacancy rates would be beneficial. However, the current data suggests that Lyndell offers a balanced environment where Section 8 properties can coexist with market-rate rentals, making it a viable option for both types of investors.
Data Sources: FMR data from HUD (2027).
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.