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 | $1,000 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,540 | $394,809 | 0.39% | F |
U.S. Census Bureau data (2024)
ZIP code 19374, located within the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA, exhibits several characteristics that set it apart from the average ZIP codes in this metropolitan area. With a Fair Market Rent (FMR) of $1270 for fiscal year 2024, it significantly exceeds the market rent of $969. This suggests that there is a notable subsidy available for rental properties in this ZIP code through the Section 8 program, making it attractive for landlords who can leverage higher rents while still maintaining affordability for tenants.
The median home value in 19374 stands at $407,436, which is lower than many other ZIP codes in the Philadelphia-Camden-Wilmington MSA. This combination of lower home values and a substantial FMR subsidy indicates that 19374 could be considered a value pocket within the larger metro area. Landlords and small-portfolio investors should take note of the potential to acquire and manage rental properties at a relatively lower cost compared to the broader market, while still benefiting from the higher subsidies.
A further distinguishing feature is the renter share, which is 37.5%. While this figure is not exceptionally high, it does suggest a moderate concentration of renters, which aligns well with the availability of Section 8 vouchers. The presence of a sizeable renter population, combined with the lower home values and higher FMR, points to an area where Section 8 tenants might find suitable housing options more readily available than in other parts of the metro.
In summary, ZIP 19374 presents itself as a value pocket within the Philadelphia-Camden-Wilmington MSA. It offers landlords and small-portfolio investors the opportunity to operate in a market with lower property acquisition costs and higher rental subsidies, while catering to a moderate number of renters. These factors make it a strategic location for those interested in maximizing their investment returns through the Section 8 program.
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.