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Bucks County/New Hope/18938

18938

ZIPSAFMR
Bucks County, PA
Zillow

ZIP Investment Score

58Below average

095130300
BRFMR
Eff. Rent
0 BR$1,800$1,980
1 BR$1,950$2,150
2 BR$2,330$2,560
3 BR$2,780$3,010
4 BR$3,060$3,370
5 BR$3,519Not available
6 BR$4,047Not available
7 BR$4,654Not available
8 BR$5,352Not available

Purchase Price Calculator

Maximum purchase price
$318,498

Cost breakdown

+Likely effective rent$2,560
HUD FMR$2,330
Market rent$2,900
Est. payment standard (110%)Used$2,560
-Principal and interest-$1,611
Loan amount$254,799
Down payment$63,700
Rate6.50%
Term30 years
-Operating costs-$749
Property taxes-$318
Insurance-$175
Utilities$0
HOA$0
Management-$256
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,818(64.1% ROI)
Projected value
$342,988
Return breakdown
Property appreciation+$24,490
Loan principal paid down+$9,129
Rental cash flow+$7,200
5-year hold
+$70,132(110.1% ROI)
Projected value
$360,352
Return breakdown
Property appreciation+$41,853
Loan principal paid down+$16,279
Rental cash flow+$12,000
10-year hold
+$151,997(238.6% ROI)
Projected value
$407,705
Return breakdown
Property appreciation+$89,206
Loan principal paid down+$38,790
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.75
1 BR
0.85
2 BR
0.80
3 BR
0.89
4 BR
0.77
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 18938 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 18938 (New Hope, PA) is $2,330 a month. That is down 3.7% from $2,420 in FY 2026. New Hope 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. Among 78 ZIP codes in Bucks County, 18938 has the 14th-highest two-bedroom rent (county range $1,410–$2,790). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 18938 is 105% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 18938
BedroomsFY 2027Change90–110% range
Studio$1,800−3.7%$1,620–$1,980
1BR$1,950−3.9%$1,755–$2,145
2BR$2,330−3.7%$2,097–$2,563
3BR$2,780−4.1%$2,502–$3,058
4BR$3,060−5.6%$2,754–$3,366

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 18938
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,800$1,950$2,330$2,780$3,060
FY 2026$1,870$2,030$2,420$2,900$3,240
FY 2025$1,810$2,000$2,380$2,870$3,260
FY 2024$1,680$1,870$2,240$2,710$3,120
FY 2023$1,380$1,550$1,870$2,280$2,650

Two-bedroom rent in nearby Bucks County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 18938
18930$1,770−24.0%
18931$1,970−15.5%
18932$2,210−5.2%
18933$2,300−1.3%
18934$1,970−15.5%
18935$1,830−21.5%
18938Current$2,330—
18940$2,750+18.0%
18942$1,680−27.9%
18943$1,970−15.5%
18944$1,910−18.0%
18946$2,700+15.9%

Questions about ZIP 18938 rents

How much will Section 8 pay for a two-bedroom in ZIP 18938?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,330, that basic range is $2,097 to $2,563 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 ZIP 18938 in?

ZIP 18938 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 ZIP 18938 for FY 2027?

The two-bedroom FMR fell 3.7%, from $2,420 in FY 2026 to $2,330 in FY 2027. Since FY 2023 it has risen 24.6%.

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

County fair market rentNew Hope, PA fair market rentPA statewide rentsWhat is SAFMR?Data sources