Location: Sussex County, DE | Metro: Sussex County, DE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,140 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | $1,850 |
| 4 Bedrooms | $2,220 |
| 5 Bedrooms | $2,575 |
| 6 Bedrooms | $2,884 |
| 7 Bedrooms | $3,115 |
| 8 Bedrooms | $3,271 |
The ZIP code 19969 in Sussex County, Delaware, presents unique challenges and opportunities for landlords and small-portfolio investors. The data for this area is sparse, with key metrics such as resident population, percentage of renters, median income, and median home value currently marked as N/A. This lack of comprehensive data can make it difficult to fully assess the economic conditions and tenant demographics of the region.
Despite these gaps, the Fair Market Rent (FMR) for ZIP 19969 has been determined for fiscal year 2024 at $1300. This figure represents the amount landlords can expect to receive through Section 8 vouchers for rental properties. It's important to note that the FMR is set based on HUD guidelines and reflects the average rent for comparable units in the area. However, without specific market rent data for ZIP 19969, it's challenging to directly compare the FMR to local rental rates.
Investors should consider the FMR as a benchmark for setting rental prices for properties participating in the Section 8 program. While the FMR is designed to be affordable for low-income families, it also ensures that landlords receive a fair and stable rent payment. Given the absence of other economic indicators, the FMR provides a critical point of reference for understanding the financial landscape of this ZIP code.
The data signature for ZIP 19969 suggests a transitional environment, where more detailed economic analysis is needed to understand the full scope of opportunities and risks. Landlords and investors should stay informed about changes in the local real estate market and any updates to the demographic data that could affect their investment decisions.
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.