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 | $2,040 |
| 1 Bedroom | $2,210 |
| 2 Bedrooms | $2,640 |
| 3 Bedrooms | $3,150 |
| 4 Bedrooms | $3,470 |
| 5 Bedrooms | $4,025 |
| 6 Bedrooms | $4,508 |
| 7 Bedrooms | $4,869 |
| 8 Bedrooms | $5,112 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $3,150 | $391,411 | 0.8% | C |
| 4BR | $3,470 | $458,640 | 0.76% | D |
U.S. Census Bureau data (2024)
The real estate market in ZIP 19372, currently anchored by a median home value of $422,692, presents a complex scenario for both landlords and small-portfolio investors. The lack of percentage data on listings that have been reduced and the unspecified median days on market (DOM) indicate stability in the housing market, suggesting that there has not been a significant trend towards price reductions or prolonged periods of unsold inventory.
This stability is further supported by the rental market dynamics, where the Fair Market Rent (FMR) for ZIP 19372 is set at $2,500 for fiscal year 2024, compared to the current market average of $2,039 as reported by the Census Bureau's American Community Survey (ACS). This gap between the FMR and the actual market rent signals a potential upward pressure on rents, which could be beneficial for landlords looking to adjust their rental rates to align with the FMR guidelines.
For long-term investors, the setup implied by the data suggests a moderate appreciation thesis. The stable median home values combined with the potential for higher rents point towards a market that is likely to see gradual growth rather than rapid appreciation. Investors should focus on properties that offer a strong cash flow position, considering the current market rent versus the FMR, and be prepared for a slow but steady increase in property values over the next 12-24 months.
The absence of significant price reductions among listings also indicates that sellers are maintaining confidence in their asking prices, which can be interpreted as a sign of a robust local economy and demand for housing. However, the undefined DOM figure might imply a balanced market where neither buyers nor sellers have an overwhelming advantage, leading to a cautious approach when setting future prices or rents.
In summary, the current conditions in ZIP 19372 suggest a market where long-term appreciation remains a realistic goal, driven by a combination of stable home values and the potential for increased rental income. Landlords and investors should continue to monitor local economic indicators and rental trends to refine their strategies and capitalize on the evolving market landscape.
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.