Location: Reading, PA | Metro: Reading, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,750 |
| 4 Bedrooms | $1,880 |
| 5 Bedrooms | $2,181 |
| 6 Bedrooms | $2,443 |
| 7 Bedrooms | $2,638 |
| 8 Bedrooms | $2,770 |
U.S. Census Bureau data (2024)
ZIP code 19554, located within the Reading, PA Metropolitan Statistical Area (MSA), presents a unique profile when compared to typical ZIP codes in the same region. The Fair Market Rent (FMR) for 19554 is set at $1150 for fiscal year 2024, which is notably higher than the market rent of $1,054. This suggests that 19554 is positioned as a slightly above-average rental market within the Reading MSA.
The absence of home value data for 19554 indicates that it might be primarily a rental-focused area, which aligns with its substantial 39.0% renter share. This high percentage of renters is a key indicator of a neighborhood that could attract Section 8 tenants, who rely on government subsidies for housing. In general, ZIP codes with a high proportion of renters but lower home values often serve as attractive areas for Section 8 participants due to the availability of affordable rental options.
While we do not have the exact home values for comparison, the high FMR relative to the market rent points towards a potential value pocket within the Reading MSA. Landlords and small-portfolio investors should consider this ZIP code as an opportunity where they can offer subsidized rents through the Section 8 program while still achieving a reasonable profit margin based on the market conditions.
To summarize, 19554 stands out as a value pocket within the Reading MSA, characterized by its high renter share and relatively favorable FMR compared to the local market rent. This makes it a strategic location for those interested in Section 8 properties, offering a balance between accessibility and profitability.
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.