Section 8 Fair Market Rent (FMR) for ZIP 19736 - 2027

Location: Philadelphia-Camden-Wilmington, PA | Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,680
1 Bedroom	$1,820
2 Bedrooms	$2,170
3 Bedrooms	$2,590
4 Bedrooms	$2,850
5 Bedrooms	$3,306
6 Bedrooms	$3,703
7 Bedrooms	$3,999
8 Bedrooms	$4,199

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

127

Median Household Income

$N/A

Housing Units

Renter Percentage

100.0%

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 19736, located in the heart of New Castle County, Delaware, is characterized by a robust rental market with a high concentration of renters. This area offers significant opportunities for landlords and small-portfolio investors due to its strong demand for rental properties and favorable Fair Market Rent (FMR) rates.

Fair Market Rent (FMR): The FMR for ZIP 19736 is set at $2520 for the fiscal year 2024, providing a benchmark for rental pricing that reflects the local housing market's affordability.
Rental Market Share: A striking 100.0% of residents in ZIP 19736 are renters, indicating a strong preference for leasing over owning homes in this region.
Median Home Value: Although the median home value is currently not available, the dominance of renters suggests that the area may be less attractive for homebuyers, favoring rental investments instead.
Days on Market (DOM): The days on market for rental listings is not available, but given the high renter share, it can be inferred that properties may be leased quickly once listed.
Median Income: The median income figure for ZIP 19736 is also not available, which is critical for understanding the economic capacity of potential tenants to afford the FMR rate.

Investors looking to enter the rental market in ZIP 19736 should focus on properties that can be rented out at or near the FMR of $2520. The area's exclusive rental market share implies a ready demand for well-priced and maintained units. However, without specific data on median income and days on market, investors must rely on local knowledge and trends to ensure their investments align with tenant affordability and market speed. Overall, ZIP 19736 presents a solid opportunity for those interested in the rental sector, with the caveat that thorough local research is necessary to capitalize fully on these conditions.

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.