Section 8 Fair Market Rent (FMR) for ZIP 19472 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

To determine if you should buy in ZIP code 19472 for Section 8 investments, follow this decision tree:

1) Does the Fair Market Rent (FMR) of $1450 cover debt service?

• No: If the FMR of $1450 does not clear the debt service on a property, purchasing in this area is not advisable. Debt service must be covered to ensure profitability and sustainability.
• Yes: Proceed to the next question.

2) Is the market rent above, at, or below the FMR of $1450?

• Above: If market rents exceed the FMR, consider the potential for non-Section 8 tenants who might pay higher rates. This could diversify your income sources and potentially increase profits.
• At: If market rents are at the FMR level, the area is suitable for Section 8 investments. However, there is little room for price negotiation, so ensure that other factors, such as demand, support your investment decision.
• Below: If market rents are below the FMR, this ZIP code may be undervalued, making it an attractive option for Section 8 investments. Tenants will receive a subsidy that covers the difference between the market rate and the FMR.

3) Are 0.0% renters and N/A-day days on the market (DOM) sufficient to meet demand?

• 0.0% renters: This indicates that no current rental activity is reported in the dataset. This lack of data suggests that demand is uncertain and requires further investigation into local housing trends and policies.
• N/A-day DOM: The absence of data on the number of days properties remain on the market means that the turnover rate is unknown. Without this information, it's difficult to assess how quickly you can expect to fill vacancies.

It Depends: The decision to invest in ZIP code 19472 hinges on whether the FMR of $1450 sufficiently covers your debt service and the relationship between market rents and the FMR. The lack of data on renters and DOM introduces uncertainty regarding demand. To make a well-informed decision, gather additional local market intelligence and consult with local real estate professionals to understand the underlying causes of the missing data and the true state of the rental market.

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.