FMR is near market; voucher and private rents are aligned.
1.00
2 BR
2 BR- 19333
0.96ratio
FMR$2,390
Market$2,480
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.96
3 BR
3 BR- 19333
0.82ratio
FMR$2,850
Market$3,460
vs market-$610
FMR is below market; voucher rent may lag private rents.
0.82
4 BR
4 BR- 19333
0.78ratio
FMR$3,140
Market$4,030
vs market-$890
FMR is below market; voucher rent may lag private rents.
0.78
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Devon, PA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Devon, PA is $2,390 a month. That is up 3.0% from $2,320 in FY 2026. Devon 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 Pennsylvania is $1,136, so Devon is 110% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Devon, PA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,790
$1,850
+3.4%
$1,665–$2,035
1BR
$1,950
$2,000
+2.6%
$1,800–$2,200
2BR
$2,320
$2,390
+3.0%
$2,151–$2,629
3BR
$2,780
$2,850
+2.5%
$2,565–$3,135
4BR
$3,110
$3,140
+1.0%
$2,826–$3,454
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Devon, PA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,850
$2,000
$2,390
$2,850
$3,140
FY 2026
$1,790
$1,950
$2,320
$2,780
$3,110
FY 2025
$1,810
$2,000
$2,380
$2,870
$3,260
FY 2024
$1,750
$1,950
$2,330
$2,820
$3,250
FY 2023
$1,430
$1,620
$1,950
$2,370
$2,760
Questions about Devon, PA rents
How much will Section 8 pay for a two-bedroom in Devon, PA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,390, that basic range is $2,151 to $2,629 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 Devon, PA in?
Devon, PA 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 Devon, PA for FY 2027?
The two-bedroom FMR rose 3.0%, from $2,320 in FY 2026 to $2,390 in FY 2027. Since FY 2023 it has risen 22.6%.
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