Section 8 Fair Market Rent (FMR) for ZIP 19484 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 19484, located in Pennsylvania, is a residential area that offers potential opportunities for real estate investment, particularly for those interested in the Section 8 housing market. The Fair Market Rent (FMR) for this region has been established, providing a benchmark for rental pricing, but other key metrics such as market rent and median home values are currently unavailable. This analysis will focus on the available data points to provide insights into the investment landscape.

• The Fair Market Rent (FMR) for ZIP 19484 for fiscal year 2024 is set at $1920.
• The percentage of the population that rents is not available, making it difficult to gauge the overall demand for rental properties.
• The median income figure for the area is also not available, which means we cannot assess the financial capability of the residents to pay higher rents.
• The Days on Market (DOM) statistic is missing, indicating that there is no data on how long properties typically remain listed before they are rented out or sold.
• Note: Market rent and median home value data are not available for this ZIP code at this time.

Given the limited data available, the most actionable insight for investors is the Fair Market Rent (FMR) of $1920. This figure represents the maximum amount that can be charged for a property under the Section 8 program, ensuring a stable and government-backed income stream. However, without information on the local rental market dynamics, such as the percentage of renters and median income levels, it's challenging to predict the competitiveness of the rental market or the economic conditions that might affect tenant stability and payment reliability. Landlords and investors should proceed with caution, considering the lack of comprehensive local market data, and seek additional sources to fill these gaps before making significant investment decisions.

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.