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 | $2,010 |
| 1 Bedroom | $2,180 |
| 2 Bedrooms | $2,600 |
| 3 Bedrooms | $3,100 |
| 4 Bedrooms | $3,420 |
| 5 Bedrooms | $3,967 |
| 6 Bedrooms | $4,443 |
| 7 Bedrooms | $4,798 |
| 8 Bedrooms | $5,038 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,180 | $245,665 | 0.89% | C |
| 2BR | $2,600 | $344,099 | 0.76% | D |
| 3BR | $3,100 | $477,341 | 0.65% | D |
| 4BR | $3,420 | $574,324 | 0.6% | F |
| 5BR | $3,967 | $683,974 | 0.58% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 19406, King of Prussia, PA, for fiscal year 2024 is set at $2,310. This figure represents the payment standard for landlords participating in the Section 8 program, which is not necessarily the amount tenants will pay as rent. Instead, it's the maximum subsidy the government will provide per unit.
Comparatively, the local Zillow Observed Rent Index (ZORI) stands at $2,123. This indicates that the average market rent in the area is slightly below the Section 8 payment standard. Therefore, landlords who join the program can expect to receive the full subsidy amount without having to charge tenants more than the typical market rate.
The rental share in this ZIP code is 49.7%, meaning nearly half of the households are renters. This suggests a strong demand for rental properties, including those under the Section 8 program. With a high rental share, there's a good chance of finding qualified tenants who need housing assistance.
When considering acquiring a property for Section 8 rentals, note that the median home value in ZIP 19406 is approximately $493,024. This reflects the average price you might pay for a home in the area, which should be factored into your investment decision along with expected rental income and subsidies.
Before proceeding, ensure you verify the property meets all eligibility requirements for the Section 8 program, such as size, condition, and location. The payment standard of $2,310 covers a range of property types, so make sure your specific unit fits within these guidelines.
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.