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DE/New Castle County/Delaware City

Delaware City, DE

CitySAFMR
New Castle County
Found 1 ZIP

City Median Investment Score

143High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,390$1,530
1 BR$1,510$1,660
2 BR$1,800$1,920
3 BR$2,140$2,260
4 BR$2,370$2,220
5 BR$2,726Not available
6 BR$3,134Not available
7 BR$3,604Not available
8 BR$4,145Not available

Purchase Price Calculator

Maximum purchase price
$223,395

Cost breakdown

+Likely effective rent$1,920
HUD FMR$1,800
Market rent$1,990
Est. payment standard (107%)Used$1,920
-Principal and interest-$1,130
Loan amount$178,716
Down payment$44,679
Rate6.50%
Term30 years
-Operating costs-$590
Property taxes-$223
Insurance-$175
Utilities$0
HOA$0
Management-$192
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,780(68.9% ROI)
Projected value
$240,572
Return breakdown
Property appreciation+$17,177
Loan principal paid down+$6,403
Rental cash flow+$7,200
5-year hold
+$52,774(118.1% ROI)
Projected value
$252,751
Return breakdown
Property appreciation+$29,356
Loan principal paid down+$11,418
Rental cash flow+$12,000
10-year hold
+$113,777(254.7% ROI)
Projected value
$285,964
Return breakdown
Property appreciation+$62,569
Loan principal paid down+$27,207
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.71
1 BR
0.78
2 BR
0.90
3 BR
0.92
4 BR
1.07
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Delaware City, DE fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Delaware City, DE is $1,800 a month. That is up 3.4% from $1,740 in FY 2026. Delaware City is in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Delaware is $1,629, so Delaware City is 10% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Delaware City, DE
BedroomsFY 2027Change90–110% range
Studio$1,390+3.7%$1,251–$1,529
1BR$1,510+3.4%$1,359–$1,661
2BR$1,800+3.4%$1,620–$1,980
3BR$2,140+2.4%$1,926–$2,354
4BR$2,370+1.7%$2,133–$2,607

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Delaware City, DE
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,390$1,510$1,800$2,140$2,370
FY 2026$1,340$1,460$1,740$2,090$2,330
FY 2025$1,320$1,450$1,730$2,080$2,370
FY 2024$1,250$1,390$1,660$2,010$2,310
FY 2023$1,010$1,140$1,380$1,680$1,950

Questions about Delaware City, DE rents

How much will Section 8 pay for a two-bedroom in Delaware City, DE?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,800, that basic range is $1,620 to $1,980 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Delaware City, DE in?

Delaware City, DE is in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in Delaware City, DE for FY 2027?

The two-bedroom FMR rose 3.4%, from $1,740 in FY 2026 to $1,800 in FY 2027. Since FY 2023 it has risen 30.4%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set