FMR is near market; voucher and private rents are aligned.
0.95
3 BR
3 BR- 19060
0.96ratio
FMR$2,680
Market$2,800
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR- 19060
0.79ratio
FMR$2,960
Market$3,730
vs market-$770
FMR is below market; voucher rent may lag private rents.
0.79
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
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Garnet Valley, PA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Garnet Valley, PA is $2,250 a month. That is up 2.3% from $2,200 in FY 2026. Garnet Valley 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 Garnet Valley is 98% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Garnet Valley, PA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,690
$1,740
+3.0%
$1,566–$1,914
1BR
$1,840
$1,880
+2.2%
$1,692–$2,068
2BR
$2,200
$2,250
+2.3%
$2,025–$2,475
3BR
$2,630
$2,680
+1.9%
$2,412–$2,948
4BR
$2,940
$2,960
+0.7%
$2,664–$3,256
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Garnet Valley, PA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,740
$1,880
$2,250
$2,680
$2,960
FY 2026
$1,690
$1,840
$2,200
$2,630
$2,940
FY 2025
$1,670
$1,840
$2,190
$2,630
$3,000
FY 2024
$1,630
$1,810
$2,170
$2,620
$3,020
FY 2023
$1,630
$1,830
$2,210
$2,690
$3,130
Questions about Garnet Valley, PA rents
How much will Section 8 pay for a two-bedroom in Garnet Valley, PA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,250, that basic range is $2,025 to $2,475 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 Garnet Valley, PA in?
Garnet Valley, 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 Garnet Valley, PA for FY 2027?
The two-bedroom FMR rose 2.3%, from $2,200 in FY 2026 to $2,250 in FY 2027. Since FY 2023 it has risen 1.8%.
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