Location: Philadelphia-Camden-Wilmington, PA | Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,590 |
| 1 Bedroom | $1,730 |
| 2 Bedrooms | $2,060 |
| 3 Bedrooms | $2,450 |
| 4 Bedrooms | $2,710 |
| 5 Bedrooms | $3,144 |
| 6 Bedrooms | $3,521 |
| 7 Bedrooms | $3,803 |
| 8 Bedrooms | $3,993 |
The analysis of ZIP 19409 in Unknown, PA, reveals critical insights for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area is set at $1920 for FY 2024, which serves as a baseline for rental pricing. However, due to the lack of specific market rent and home value data, we must rely on the FMR to gauge potential yields.
To classify ZIP 19409 on the yield axis, we consider the FMR of $1920. This figure indicates a moderate yield, assuming the actual market rent aligns closely with the FMR. If market rents exceed this amount, the yield would be higher; conversely, if they fall below, the yield would be lower. Without definitive market rent data, it's challenging to make a precise classification, but based on the FMR alone, the yield appears to be in the middle range.
Moving to the stability axis, the absence of key metrics such as percentage of renters, days on market (DOM), and median income complicates the assessment. These factors are crucial for determining the stability of the market. In the absence of these figures, we cannot definitively categorize ZIP 19409 as either high-stability or low-stability. However, given the limited data available, we can infer that without significant fluctuations in rental prices and without a high percentage of distressed properties, the market likely leans towards stability rather than volatility.
In conclusion, ZIP 19409 appears to offer a moderate yield scenario with a potentially stable market environment. To make a more informed decision, investors should seek additional data points, particularly regarding the local rental market conditions and the economic status of residents. This will provide a clearer picture of whether the area is best suited for steady cash flow or a riskier, higher-yield strategy.
Data Sources: FMR data from HUD (2027).
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.