Location: Philadelphia-Camden-Wilmington, PA | Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,370 |
| 1 Bedroom | $1,480 |
| 2 Bedrooms | $1,770 |
| 3 Bedrooms | $2,110 |
| 4 Bedrooms | $2,320 |
| 5 Bedrooms | $2,691 |
| 6 Bedrooms | $3,014 |
| 7 Bedrooms | $3,255 |
| 8 Bedrooms | $3,418 |
U.S. Census Bureau data (2024)
The classification of ZIP code 19375 on the axes of yield and stability reveals a nuanced investment landscape. With a Fair Market Rent (FMR) of $1610 for fiscal year 2024, the rental yield in this area is notable, especially when compared to the absence of market and home value data which suggests a reliance on government-assisted housing programs such as Section 8 for rental income.
The stability of the market is reflected in several key metrics. The percentage of renters stands at 19.8%, indicating a moderate dependency on rental housing. This figure is important as it suggests a balance between owner-occupied and rented properties, reducing the risk of market fluctuations that can occur in areas heavily reliant on rentals. Additionally, the median household income of $250,001 is significantly higher than the FMR, implying a robust economic base capable of supporting stable rental demand.
While the FMR provides insight into potential rental income, the lack of market rent and home value data makes it challenging to fully assess the yield potential. However, the combination of a substantial FMR and high median income points towards a steady cash flow scenario. Landlords and small-portfolio investors should expect reliable, though not exceptionally high, returns given the economic strength of the area.
In conclusion, ZIP code 19375 leans towards being a steady-cashflow zone. The relatively high FMR supports good rental yields, while the strong median income and moderate renter population contribute to a stable market environment. This classification is driven by the available figures, particularly the FMR and median income, which indicate a consistent rental demand without the volatility often associated with purely speculative markets.
Data Sources: FMR data from HUD (2027). 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.