Location: Reading, PA | Metro: Reading, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,000 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,430 |
| 3 Bedrooms | $1,760 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 19545 reveals a unique market scenario that leans towards a steady-cashflow zone rather than a high-yield/low-stability flip-style market. This classification is driven by several key figures.
Firstly, the Fair Market Rent (FMR) for ZIP 19545 in fiscal year 2024 stands at $1140. Given that there is no data available for the market rent or home values, the FMR serves as a reliable benchmark for rental pricing. Landlords can confidently set their rents around this figure to ensure competitive occupancy rates while maintaining profitability.
Secondly, the renters' percentage in this ZIP code is reported at 0.0%, indicating an extremely low turnover rate. While this figure might seem unusual, it suggests that the majority of residents are homeowners, which could imply a stable community with long-term tenants. This stability is further supported by the median household income of $90,188, a figure that indicates financial robustness among the residents, reducing the risk of default on rent payments.
The lack of data on the average days on market (DOM) for rentals means we cannot assess the speed at which properties are typically leased. However, the combination of a stable income level and a low percentage of renters points towards a market where cash flow is consistent and less volatile compared to areas with frequent property flips or short-term rentals.
In conclusion, ZIP 19545 presents itself as a steady-cashflow zone. The $1140 FMR provides a solid basis for rental income, and the $90,188 median income supports the reliability of tenants. Despite the absence of some critical metrics, the available data suggests a market environment that favors long-term investments over speculative, high-risk strategies.
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.