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 ZIP code 19451 is located in Mainland, Pennsylvania, part of Montgomery County. It is classified as a PO Box ZIP code, which means it's primarily used for mail delivery rather than residential purposes. As such, detailed demographic data including population, median income, and median home value are not available for this specific ZIP code.
However, focusing on the rent economics, the Fair Market Rent (FMR) for ZIP code 19451 is set at $1920 for fiscal year 2024. This figure represents the average rent for a standard two-bedroom apartment, as determined by HUD. While specific market rent data for ZIP 19451 is not available, comparing the FMR to typical market rents in similar areas can provide insights into the potential profitability of Section 8 properties.
Given the nature of ZIP 19451 being a PO Box area, it might not be ideal for hands-on value-add buyers who seek to manage and improve property values. Instead, it could better suit hands-off voucher operators who are looking for stable, government-backed rental income without the need for significant property management activities. The lack of residential data suggests a limited number of potential tenants, making the focus on Section 8 vouchers particularly important for ensuring steady occupancy.
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.