Section 8 Fair Market Rent (FMR) for ZIP 19519 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 19519, located in Pennsylvania, is a region that presents unique opportunities for real estate investors, particularly those interested in the Section 8 housing market. This area's rental dynamics are heavily influenced by the Federal Market Rent (FMR) standards, which provide a benchmark for affordable housing rates.

• The Federal Market Rent (FMR) for ZIP 19519 for fiscal year 2024 is set at $1320. This figure represents the maximum allowable rent for Section 8 properties, ensuring that tenants can afford their living expenses without financial strain.
• The exact market rent for the area is currently unavailable, but given the FMR, it suggests that the local rental market might be closely aligned with these federal guidelines.
• The median home value in ZIP 19519 is also not available, making it challenging to compare the cost of owning versus renting. However, the focus on rental dynamics remains pertinent for investors in this area.
• The percentage of residents who are renters is not specified, but knowing the FMR helps understand the demand for affordable rental units.
• The Days on Market (DOM) statistic is not available, which would typically indicate how quickly properties are rented out. This lack of data means we cannot assess the speed of property turnover.
• The median household income for the area is also unspecified, but it is crucial for understanding the economic background of potential tenants and their ability to meet rental obligations.

In summary, while some key metrics such as market rent and median household income are not available, the FMR of $1320 for ZIP 19519 offers a solid foundation for setting competitive rents for Section 8 properties. The absence of other data points underscores the need for thorough local market research to complement the federal guidelines and make informed investment decisions. Landlords and small-portfolio investors should leverage the FMR as a starting point for their rental pricing strategy, while also considering the broader economic context of the area to ensure profitability and tenant satisfaction.

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.