FMR is below market; voucher rent may lag private rents.
0.75
1 BR
1 BR- 19962
0.89ratio
FMR$1,240
Market$1,390
vs market-$150
FMR is below market; voucher rent may lag private rents.
0.89
2 BR
2 BR- 19962
0.84ratio
FMR$1,560
Market$1,850
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.84
3 BR
3 BR- 19962
0.95ratio
FMR$2,150
Market$2,260
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.95
4 BR
4 BR- 19962
0.99ratio
FMR$2,480
Market$2,510
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.99
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
--
Magnolia, DE fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Magnolia, DE is $1,560 a month. That is up 11.4% from $1,400 in FY 2026. Magnolia is in the Dover, DE MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,629. The median county two-bedroom FMR in Delaware is $1,629, so Magnolia is 4% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Magnolia, DE
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,100
$1,230
+11.8%
$1,107–$1,353
1BR
$1,110
$1,240
+11.7%
$1,116–$1,364
2BR
$1,400
$1,560
+11.4%
$1,404–$1,716
3BR
$1,950
$2,150
+10.3%
$1,935–$2,365
4BR
$2,180
$2,480
+13.8%
$2,232–$2,728
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Magnolia, DE
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,230
$1,240
$1,560
$2,150
$2,480
FY 2026
$1,100
$1,110
$1,400
$1,950
$2,180
FY 2025
$1,130
$1,140
$1,440
$2,010
$2,200
FY 2024
$1,060
$1,070
$1,310
$1,850
$2,060
FY 2023
$890
$900
$1,080
$1,530
$1,730
Questions about Magnolia, DE rents
How much will Section 8 pay for a two-bedroom in Magnolia, DE?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,629, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,466 to $1,792 a month; under the ZIP-level Small Area FMR of $1,560 it would be $1,404 to $1,716. 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 Magnolia, DE in?
Magnolia, DE is in the Dover, DE MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,629.
How much did fair market rent change in Magnolia, DE for FY 2027?
The two-bedroom FMR rose 11.4%, from $1,400 in FY 2026 to $1,560 in FY 2027. Since FY 2023 it has risen 44.4%.
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