FMR is below market; voucher rent may lag private rents.
0.86
1 BR
1 BR
0.90ratio
FMR$1,490
Market$1,660
vs market-$170
FMR is below market; voucher rent may lag private rents.
0.90
2 BR
2 BR
0.96ratio
FMR$1,780
Market$1,860
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.96
3 BR
3 BR
0.97ratio
FMR$2,120
Market$2,180
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.97
4 BR
4 BR
0.93ratio
FMR$2,340
Market$2,510
vs market-$170
FMR is near market; voucher and private rents are aligned.
0.93
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
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ZIP 19112 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 19112 (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, 19112 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 19112 is 57% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 19112
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 19112
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
How much will Section 8 pay for a two-bedroom in ZIP 19112?
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 19112 in?
ZIP 19112 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 19112 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