Location: Philadelphia-Camden-Wilmington, PA | Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,400 |
| 1 Bedroom | $1,520 |
| 2 Bedrooms | $1,810 |
| 3 Bedrooms | $2,160 |
| 4 Bedrooms | $2,380 |
| 5 Bedrooms | $2,761 |
| 6 Bedrooms | $3,092 |
| 7 Bedrooms | $3,339 |
| 8 Bedrooms | $3,506 |
ZIP 19714, located in Newark, Delaware, serves as a cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for ZIP 19714 in fiscal year 2024 is set at $1740, which aligns well with the rental market trends observed in the area. Although specific market data such as median home value and median income were not available, the presence of multiple homes listed for sale and rent suggests a stable real estate environment.
The housing market in ZIP 19714 includes properties priced between $325,000 and $720,000, indicating a range of investment opportunities. However, given the lack of precise market data, the focus remains on leveraging the FMR to ensure consistent cash flow. Section 8 properties in this ZIP code can offer steady returns due to the government-backed rental assistance program, making them reliable investments.
Despite the limited availability of comprehensive market data, the stability of the rental market and the alignment with FMR figures support the notion that ZIP 19714 is suitable for anchoring a Section 8 portfolio. This ZIP code provides a foundation for predictable cash flows, essential for any real estate investment strategy.
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.