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 |
Kulpsville, PA (ZIP 19443) is a medium-sized community with a total population of 14,443 residents. The neighborhood is characterized by a working-class earning profile, with a median household income of $44,443. Median home values stand at $194,926, reflecting an affordable housing market.
The Federal Market Rent (FMR) for ZIP 19443 in fiscal year 2024 is set at $1,920. In comparison, the median market rent in the area is $1,234. This indicates that Section 8 vouchers could cover a significant portion of the typical rental costs in Kulpsville, making it a viable option for tenants seeking affordable housing.
Given the discrepancy between the FMR and the actual median market rent, Kulpsville appears well-suited for a hands-off voucher operator. Landlords can expect a stable tenant base with government assistance covering a substantial part of the rent. However, for those interested in a hands-on approach, there might be opportunities to add value through improvements that could command higher rents, although the current market suggests a focus on affordability.
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.