FMR is near market; voucher and private rents are aligned.
1.08
2 BR
2 BR- 19027
1.06ratio
FMR$1,840
Market$1,730
vs market+$110
FMR is near market; voucher and private rents are aligned.
1.06
3 BR
3 BR- 19027
0.91ratio
FMR$2,190
Market$2,400
vs market-$210
FMR is near market; voucher and private rents are aligned.
0.91
4 BR
4 BR- 19027
0.82ratio
FMR$2,420
Market$2,960
vs market-$540
FMR is below market; voucher rent may lag private rents.
0.82
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
--
Elkins Park, PA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Elkins Park, PA is $1,840 a month. That is up 2.8% from $1,790 in FY 2026. Elkins Park 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 Elkins Park is 62% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Elkins Park, PA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,380
$1,420
+2.9%
$1,278–$1,562
1BR
$1,500
$1,540
+2.7%
$1,386–$1,694
2BR
$1,790
$1,840
+2.8%
$1,656–$2,024
3BR
$2,150
$2,190
+1.9%
$1,971–$2,409
4BR
$2,400
$2,420
+0.8%
$2,178–$2,662
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Elkins Park, PA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,420
$1,540
$1,840
$2,190
$2,420
FY 2026
$1,380
$1,500
$1,790
$2,150
$2,400
FY 2025
$1,340
$1,480
$1,760
$2,120
$2,410
FY 2024
$1,250
$1,400
$1,670
$2,020
$2,330
FY 2023
$1,040
$1,170
$1,410
$1,720
$1,990
Questions about Elkins Park, PA rents
How much will Section 8 pay for a two-bedroom in Elkins Park, PA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,840, that basic range is $1,656 to $2,024 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 Elkins Park, PA in?
Elkins Park, 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 Elkins Park, PA for FY 2027?
The two-bedroom FMR rose 2.8%, from $1,790 in FY 2026 to $1,840 in FY 2027. Since FY 2023 it has risen 30.5%.
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