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 |
To classify ZIP code 19716 on the axes of yield and stability, we must first examine the available data points.
The Fair Market Rent (FMR) for ZIP 19716 in fiscal year 2024 is set at $1740. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. However, the lack of specific market rental rates and median home values means we cannot directly compare these against the FMR to assess yield potential relative to non-subsidized investments. Without those benchmarks, the yield classification leans towards being driven solely by the FMR, which is a stable figure provided by HUD but does not reflect market dynamics outside of subsidized housing.
Regarding stability, the absence of key metrics such as the percentage of renters, days on market (DOM), and median income makes it challenging to provide a comprehensive analysis. These missing pieces are critical for understanding the financial health of tenants and the demand for rental properties in the area. Without them, we cannot accurately gauge the likelihood of consistent cash flow or the risk of vacancy periods.
Given the limited data, ZIP 19716 appears to be a zone where the focus should be on steady cash flow rather than high yield, due to the reliance on the FMR for rental pricing. The lack of instability indicators suggests there's no immediate red flag regarding tenant turnover or market volatility, but this also implies that the potential for rapid appreciation or significant increases in rental income is unclear without additional context.
To make a more informed decision, landlords and small-portfolio investors would need to seek out local real estate trends, tenant demographics, and other economic factors specific to ZIP 19716. This will help in determining if the area is better suited for long-term rental investments or if there are opportunities for higher returns through property flips or other strategies.
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.