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)
The ZIP code 19564 presents a unique opportunity for real-estate investors interested in Section 8 properties. With a Fair Market Rent (FMR) of $1300 for the fiscal year 2024, this area stands out in terms of yield, especially considering the lack of available market rent and home value data.
On the stability axis, the rental market shows that 25.7% of residents are renters, indicating a moderate level of demand for rental properties. However, without specific data on days on market (DOM), it's challenging to assess how quickly properties can be leased. The median household income in the area is $101,571, which suggests a relatively stable economic environment that supports a consistent flow of Section 8 vouchers.
To classify 19564, we must consider both yield and stability. Given the FMR of $1300 and the absence of market rent and home value figures, the potential for high yields is significant. This makes it less likely to be a steady-cashflow zone where yields are more predictable but lower. Instead, it leans towards a high-yield market due to the reliance on Section 8 rents.
However, the stability is somewhat mixed. While the median income indicates financial stability among residents, the percentage of renters alone does not fully capture the volatility of the market. Without precise DOM data, it's hard to determine how fast properties can be leased once they become vacant. This uncertainty introduces an element of risk, suggesting that 19564 is not a low-stability market but rather a medium-stability one.
Therefore, ZIP 19564 is best classified as a market offering high yields with medium stability. It is not a classic flip-style market due to the limited data on property turnover rates, but it does present a strong case for those looking to capitalize on higher rental incomes through Section 8 programs.
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.