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 | $1,210 |
| 1 Bedroom | $1,310 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $1,870 |
| 4 Bedrooms | $2,060 |
| 5 Bedrooms | $2,390 |
| 6 Bedrooms | $2,677 |
| 7 Bedrooms | $2,891 |
| 8 Bedrooms | $3,036 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,570 | $286,036 | 0.55% | F |
| 3BR | $1,870 | $340,525 | 0.55% | F |
| 4BR | $2,060 | $450,485 | 0.46% | F |
U.S. Census Bureau data (2024)
ZIP code 19365, located in Parkesburg, Pennsylvania, falls within the larger Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA. The Fair Market Rent (FMR) for ZIP 19365 in fiscal year 2024 is set at $1570, which is notably higher than the market rent of $1375. This indicates that the subsidized rental rate is designed to cover a slightly more expensive rental market than what is typically found in the area.
The median home value in ZIP 19365 stands at $349,574. This figure is lower compared to many areas within the broader MSA, suggesting that it might be considered a more affordable sub-market. However, it's important to note that affordability can vary widely within an MSA due to differences in local economies, housing stock, and other factors.
The renter share in ZIP 19365 is 26.5%, which is relatively low compared to the typical high renter share seen in urban centers within the MSA. Urban areas often have higher renter shares due to smaller living spaces and higher property values.
Based on the provided data, ZIP 19365 appears to be a value pocket within the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA. The lower median home value and the relatively low renter share suggest that it offers a more affordable entry point into the real estate market for both landlords and investors. The higher FMR compared to market rent also points towards potential opportunities for landlords who are participating in the Section 8 program, as they can expect to receive a higher subsidy relative to the actual market conditions.
In summary, ZIP 19365 presents itself as a more affordable option within its metro, offering a niche for those interested in properties that may not meet the premium standards of urban Philadelphia but still benefit from being part of a large, economically diverse MSA.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.