Location: Philadelphia-Camden-Wilmington, PA | Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,080 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,400 |
| 3 Bedrooms | $1,670 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,670 | $403,837 | 0.41% | F |
| 4BR | $1,840 | $482,490 | 0.38% | F |
U.S. Census Bureau data (2024)
ZIP code 21918, located within the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA, presents an interesting comparison when juxtaposed against the typical ZIP codes within this expansive metropolitan area. The Fair Market Rent (FMR) for ZIP 21918 stands at $1290 for fiscal year 2024, which is notably higher than the market rent of $876. This discrepancy suggests that the rental market in 21918 is potentially subsidized, making it attractive for landlords participating in government housing programs.
The median home value in 21918 is $394,139, which is lower than what might be expected in some parts of the Philadelphia-Camden-Wilmington MSA. This indicates that while property values are still relatively affordable, they are not necessarily at the bottom tier of the market. Given the FMR is higher than the market rent, it implies that there could be a segment of the market where properties are valued more for their rental potential, particularly under Section 8 guidelines.
The renter share of 11.4% is a critical figure. In many typical ZIP codes within the MSA, the renter share can vary widely but often tends to be higher in urban cores and lower in suburban areas. A moderate renter share combined with a lower home value and a higher FMR suggests that 21918 may be a value pocket for Section 8 participants. Landlords who can secure properties in this ZIP code for around $394,139 would benefit from the higher FMR, effectively subsidizing their investment and providing a steady income stream.
To further contextualize, consider the following:
In summary, ZIP 21918 appears to be a value pocket within the larger Philadelphia-Camden-Wilmington MSA, offering a blend of affordability and rental subsidy opportunities that make it particularly appealing for Section 8-focused real estate investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.