FMR is near market; voucher and private rents are aligned.
0.97
1 BR
1 BR- 19707
1.03ratio
FMR$1,620
Market$1,580
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.03
2 BR
2 BR- 19707
0.88ratio
FMR$1,940
Market$2,200
vs market-$260
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR- 19707
0.89ratio
FMR$2,310
Market$2,600
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.89
4 BR
4 BR- 19707
0.91ratio
FMR$2,590
Market$2,860
vs market-$270
FMR is near market; voucher and private rents are aligned.
0.91
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
--
Hockessin, DE fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Hockessin, DE is $1,940 a month. That is down 5.8% from $2,060 in FY 2026. Hockessin 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 Hockessin is 19% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Hockessin, DE
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,540
$1,500
−2.6%
$1,350–$1,650
1BR
$1,710
$1,620
−5.3%
$1,458–$1,782
2BR
$2,060
$1,940
−5.8%
$1,746–$2,134
3BR
$2,490
$2,310
−7.2%
$2,079–$2,541
4BR
$2,870
$2,590
−9.8%
$2,331–$2,849
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Hockessin, DE
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,500
$1,620
$1,940
$2,310
$2,590
FY 2026
$1,540
$1,710
$2,060
$2,490
$2,870
FY 2025
$1,710
$1,900
$2,280
$2,760
$3,180
FY 2024
$1,900
$2,110
$2,530
$3,060
$3,530
FY 2023
$1,600
$1,800
$2,170
$2,640
$3,070
Questions about Hockessin, DE rents
How much will Section 8 pay for a two-bedroom in Hockessin, DE?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,940, that basic range is $1,746 to $2,134 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 Hockessin, DE in?
Hockessin, 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 Hockessin, DE for FY 2027?
The two-bedroom FMR fell 5.8%, from $2,060 in FY 2026 to $1,940 in FY 2027. Since FY 2023 it has fallen 10.6%.
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