Skip to main content
Loading page
Philadelphia County/Philadelphia/19104

19104

ZIPSAFMR
Philadelphia County, PA
Zillow

ZIP Investment Score

294High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,490$1,640
1 BR$1,620$1,780
2 BR$1,930$2,120
3 BR$2,300$2,230
4 BR$2,540$2,040
5 BR$2,921Not available
6 BR$3,359Not available
7 BR$3,863Not available
8 BR$4,442Not available

Purchase Price Calculator

Maximum purchase price
$253,115

Cost breakdown

+Likely effective rent$2,120
HUD FMR$1,930
Market rent$2,730
Est. payment standard (110%)Used$2,120
-Principal and interest-$1,280
Loan amount$202,492
Down payment$50,623
Rate6.50%
Term30 years
-Operating costs-$640
Property taxes-$253
Insurance-$175
Utilities$0
HOA$0
Management-$212
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,917(67.0% ROI)
Projected value
$272,577
Return breakdown
Property appreciation+$19,462
Loan principal paid down+$7,255
Rental cash flow+$7,200
5-year hold
+$58,199(115.0% ROI)
Projected value
$286,376
Return breakdown
Property appreciation+$33,261
Loan principal paid down+$12,937
Rental cash flow+$12,000
10-year hold
+$125,721(248.3% ROI)
Projected value
$324,008
Return breakdown
Property appreciation+$70,893
Loan principal paid down+$30,827
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.72
1 BR
0.78
2 BR
0.71
3 BR
1.03
4 BR
1.25
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 19104 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 19104 (Philadelphia, PA) is $1,930 a month. That is up 7.2% from $1,800 in FY 2026. Philadelphia 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 60 ZIP codes in Philadelphia County, 19104 is tied for the 18th-highest two-bedroom rent (county range $1,350–$2,790). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 19104 is 70% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 19104
BedroomsFY 2027Change90–110% range
Studio$1,490+7.2%$1,341–$1,639
1BR$1,620+7.3%$1,458–$1,782
2BR$1,930+7.2%$1,737–$2,123
3BR$2,300+6.5%$2,070–$2,530
4BR$2,540+5.4%$2,286–$2,794

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 19104
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,490$1,620$1,930$2,300$2,540
FY 2026$1,390$1,510$1,800$2,160$2,410
FY 2025$1,260$1,380$1,650$1,990$2,260
FY 2024$1,140$1,270$1,520$1,840$2,120
FY 2023$960$1,090$1,310$1,590$1,850

Two-bedroom rent in nearby Philadelphia County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 19104
19101$1,780−7.8%
19102$2,790+44.6%
19103$2,790+44.6%
19104Current$1,930—
19105$1,780−7.8%
19106$2,790+44.6%
19107$2,620+35.8%
19108$2,460+27.5%
19109$1,780−7.8%
19110$1,780−7.8%
19111$1,660−14.0%
19112$1,780−7.8%

Questions about ZIP 19104 rents

How much will Section 8 pay for a two-bedroom in ZIP 19104?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,930, that basic range is $1,737 to $2,123 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 19104 in?

ZIP 19104 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 19104 for FY 2027?

The two-bedroom FMR rose 7.2%, from $1,800 in FY 2026 to $1,930 in FY 2027. Since FY 2023 it has risen 47.3%.

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