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Delaware County/Norwood/19074

19074

ZIPSAFMR
Delaware County, PA
Zillow

ZIP Investment Score

111Above average

095130300
BRFMR
Eff. Rent
0 BR$1,360$1,120
1 BR$1,470$1,280
2 BR$1,760$1,840
3 BR$2,100$2,160
4 BR$2,310$2,390
5 BR$2,657Not available
6 BR$3,055Not available
7 BR$3,513Not available
8 BR$4,040Not available

Purchase Price Calculator

Maximum purchase price
$211,507

Cost breakdown

+Likely effective rent$1,840
HUD FMR$1,760
Market rent$1,880
Est. payment standard (104%)Used$1,840
-Principal and interest-$1,069
Loan amount$169,205
Down payment$42,301
Rate6.50%
Term30 years
-Operating costs-$571
Property taxes-$212
Insurance-$175
Utilities$0
HOA$0
Management-$184
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,525(69.8% ROI)
Projected value
$227,770
Return breakdown
Property appreciation+$16,263
Loan principal paid down+$6,062
Rental cash flow+$7,200
5-year hold
+$50,604(119.6% ROI)
Projected value
$239,300
Return breakdown
Property appreciation+$27,794
Loan principal paid down+$10,811
Rental cash flow+$12,000
10-year hold
+$108,999(257.7% ROI)
Projected value
$270,747
Return breakdown
Property appreciation+$59,240
Loan principal paid down+$25,760
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.21
1 BR
1.15
2 BR
0.94
3 BR
0.96
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 19074 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 19074 (Norwood, PA) is $1,760 a month. That is up 5.4% from $1,670 in FY 2026. Norwood 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, 19074 has the 27th-highest two-bedroom rent (county range $1,390–$2,790). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 19074 is 55% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 19074
BedroomsFY 2027Change90–110% range
Studio$1,360+5.4%$1,224–$1,496
1BR$1,470+5.0%$1,323–$1,617
2BR$1,760+5.4%$1,584–$1,936
3BR$2,100+5.0%$1,890–$2,310
4BR$2,310+3.1%$2,079–$2,541

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 19074
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,360$1,470$1,760$2,100$2,310
FY 2026$1,290$1,400$1,670$2,000$2,240
FY 2025$1,210$1,330$1,590$1,920$2,180
FY 2024$1,130$1,260$1,510$1,830$2,110
FY 2023$920$1,040$1,250$1,520$1,770

Two-bedroom rent in nearby Delaware County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 19074
19063$1,950+10.8%
19064$1,880+6.8%
19070$1,600−9.1%
19073$2,490+41.5%
19074Current$1,760—
19076$1,500−14.8%
19078$1,660−5.7%
19079$1,720−2.3%
19081$1,850+5.1%
19082$1,540−12.5%
19083$1,770+0.6%
19085$2,520+43.2%

Questions about ZIP 19074 rents

How much will Section 8 pay for a two-bedroom in ZIP 19074?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,760, that basic range is $1,584 to $1,936 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 19074 in?

ZIP 19074 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 19074 for FY 2027?

The two-bedroom FMR rose 5.4%, from $1,670 in FY 2026 to $1,760 in FY 2027. Since FY 2023 it has risen 40.8%.

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

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