FMR is below market; voucher rent may lag private rents.
0.86
1 BR
1 BR
0.82ratio
FMR$1,420
Market$1,730
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.82
2 BR
2 BR
0.68ratio
FMR$1,690
Market$2,500
vs market-$810
FMR is below market; voucher rent may lag private rents.
0.68
3 BR
3 BR
0.67ratio
FMR$2,010
Market$3,000
vs market-$990
FMR is below market; voucher rent may lag private rents.
0.67
4 BR
4 BR
0.58ratio
FMR$2,220
Market$3,830
vs market-$1,610
FMR is below market; voucher rent may lag private rents.
0.58
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
--
ZIP 19016 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 19016 (Chester, PA) is $1,690 a month. That is up 1.8% from $1,660 in FY 2026. Chester 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 49 ZIP codes in Delaware County, 19016 is tied for the 32nd-highest two-bedroom rent (county range $1,390–$2,790). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 19016 is 49% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 19016
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,280
$1,310
+2.3%
$1,179–$1,441
1BR
$1,390
$1,420
+2.2%
$1,278–$1,562
2BR
$1,660
$1,690
+1.8%
$1,521–$1,859
3BR
$1,990
$2,010
+1.0%
$1,809–$2,211
4BR
$2,220
$2,220
0.0%
$1,998–$2,442
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 19016
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,310
$1,420
$1,690
$2,010
$2,220
FY 2026
$1,280
$1,390
$1,660
$1,990
$2,220
FY 2025
$1,260
$1,390
$1,660
$2,000
$2,270
FY 2024
$1,200
$1,340
$1,600
$1,930
$2,230
FY 2023
$990
$1,120
$1,350
$1,640
$1,910
Two-bedroom rent in nearby Delaware County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 19016?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,690, that basic range is $1,521 to $1,859 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 19016 in?
ZIP 19016 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 19016 for FY 2027?
The two-bedroom FMR rose 1.8%, from $1,660 in FY 2026 to $1,690 in FY 2027. Since FY 2023 it has risen 25.2%.
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