19109

ZIPSAFMR

Philadelphia County, PA

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,380	$1,270	3.9%
1 BR	$1,490	$1,640	2.8%
2 BR	$1,780	$1,960	2.8%
3 BR	$2,120	$2,330	2.3%
4 BR	$2,340	$2,570	0.7%
5 BR	$2,691	Not available	0.7%
6 BR	$3,095	Not available	0.7%
7 BR	$3,559	Not available	0.7%
8 BR	$4,093	Not available	0.7%

Purchase Price Calculator

Maximum purchase price

$229,339

Cost breakdown

+Likely effective rent$1,960

HUD FMR$1,780

Market rent$2,790

Est. payment standard (110%)Used$1,960

-Principal and interest-$1,160

Loan amount$183,471

Down payment$45,868

Rate6.50%

Term30 years

-Operating costs-$600

Property taxes-$229

Insurance-$175

Utilities$0

HOA$0

Management-$196

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$31,407(68.5% ROI)

Projected value

$246,973

Return breakdown

Property appreciation+$17,634

Loan principal paid down+$6,573

Rental cash flow+$7,200

5-year hold

+$53,859(117.4% ROI)

Projected value

$259,476

Return breakdown

Property appreciation+$30,137

Loan principal paid down+$11,722

Rental cash flow+$12,000

10-year hold

+$116,166(253.3% ROI)

Projected value

$293,573

Return breakdown

Property appreciation+$64,234

Loan principal paid down+$27,931

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.09ratio

FMR$1,380

Market$1,270

vs market+$110

FMR is near market; voucher and private rents are aligned.

1.09

1 BR

0.69ratio

FMR$1,490

Market$2,170

vs market-$680

FMR is below market; voucher rent may lag private rents.

0.69

2 BR

0.64ratio

FMR$1,780

Market$2,790

vs market-$1,010

FMR is below market; voucher rent may lag private rents.

0.64

3 BR

0.61ratio

FMR$2,120

Market$3,460

vs market-$1,340

FMR is below market; voucher rent may lag private rents.

0.61

4 BR

0.66ratio

FMR$2,340

Market$3,540

vs market-$1,200

FMR is below market; voucher rent may lag private rents.

0.66

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 19109 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 19109 (Philadelphia, PA) is $1,780 a month. That is up 3.5% from $1,720 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, 19109 is tied for the 26th-highest two-bedroom rent (county range $1,350–$2,790). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 19109 is 57% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 19109
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,330	$1,380	+3.8%	$1,242–$1,518
1BR	$1,440	$1,490	+3.5%	$1,341–$1,639
2BR	$1,720	$1,780	+3.5%	$1,602–$1,958
3BR	$2,060	$2,120	+2.9%	$1,908–$2,332
4BR	$2,300	$2,340	+1.7%	$2,106–$2,574

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 19109
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,380	$1,490	$1,780	$2,120	$2,340
FY 2026	$1,330	$1,440	$1,720	$2,060	$2,300
FY 2025	$1,300	$1,440	$1,710	$2,060	$2,340
FY 2024	$1,230	$1,370	$1,640	$1,980	$2,290
FY 2023	$1,010	$1,140	$1,370	$1,670	$1,940

Two-bedroom rent in nearby Philadelphia County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 19109
19103	$2,790	+56.7%
19104	$1,930	+8.4%
19105	$1,780	0.0%
19106	$2,790	+56.7%
19107	$2,620	+47.2%
19108	$2,460	+38.2%
19109Current	$1,780	—
19110	$1,780	0.0%
19111	$1,660	−6.7%
19112	$1,780	0.0%
19114	$1,760	−1.1%
19115	$1,600	−10.1%

Questions about ZIP 19109 rents

How much will Section 8 pay for a two-bedroom in ZIP 19109?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,780, that basic range is $1,602 to $1,958 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 19109 in?

ZIP 19109 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 19109 for FY 2027?

The two-bedroom FMR rose 3.5%, from $1,720 in FY 2026 to $1,780 in FY 2027. Since FY 2023 it has risen 29.9%.

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 rent Philadelphia, PA fair market rent PA statewide rents What is SAFMR?Data sources