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Montgomery County/Philadelphia/19118

19118

ZIPSAFMR
Montgomery County, PA
Zillow

ZIP Investment Score

73Below average

095130300
BRFMR
Eff. Rent
0 BR$1,770$1,340
1 BR$1,920$1,580
2 BR$2,290$2,010
3 BR$2,730$2,820
4 BR$3,010$3,210
5 BR$3,461Not available
6 BR$3,981Not available
7 BR$4,578Not available
8 BR$5,265Not available

Purchase Price Calculator

Maximum purchase price
$236,769

Cost breakdown

+Likely effective rent$2,010
HUD FMR$2,290
Market rentUsed$2,010
Est. payment standard (92%)$2,110
-Principal and interest-$1,197
Loan amount$189,415
Down payment$47,354
Rate6.50%
Term30 years
-Operating costs-$613
Property taxes-$237
Insurance-$175
Utilities$0
HOA$0
Management-$201
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,192(68.0% ROI)
Projected value
$254,974
Return breakdown
Property appreciation+$18,205
Loan principal paid down+$6,786
Rental cash flow+$7,200
5-year hold
+$55,215(116.6% ROI)
Projected value
$267,882
Return breakdown
Property appreciation+$31,113
Loan principal paid down+$12,102
Rental cash flow+$12,000
10-year hold
+$119,152(251.6% ROI)
Projected value
$303,084
Return breakdown
Property appreciation+$66,315
Loan principal paid down+$28,836
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.32
1 BR
1.22
2 BR
1.14
3 BR
0.95
4 BR
0.91
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 19118 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 19118 (Philadelphia, PA) is $2,290 a month. That is unchanged from 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 93 ZIP codes in Montgomery County, 19118 has the 20th-highest two-bedroom rent (county range $1,420–$2,790). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 19118 is 102% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 19118
BedroomsFY 2027Change90–110% range
Studio$1,7700.0%$1,593–$1,947
1BR$1,9200.0%$1,728–$2,112
2BR$2,2900.0%$2,061–$2,519
3BR$2,730−0.7%$2,457–$3,003
4BR$3,010−2.0%$2,709–$3,311

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 19118
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,770$1,920$2,290$2,730$3,010
FY 2026$1,770$1,920$2,290$2,750$3,070
FY 2025$1,770$1,960$2,330$2,810$3,190
FY 2024$1,680$1,870$2,240$2,710$3,120
FY 2023$1,470$1,660$2,000$2,430$2,830

Two-bedroom rent in nearby Montgomery County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 19118
19075$1,680−26.6%
19083$1,770−22.7%
19085$2,520+10.0%
19087$2,660+16.2%
19090$2,050−10.5%
19095$2,300+0.4%
19096$2,620+14.4%
19115$1,600−30.1%
19118Current$2,290—
19128$2,130−7.0%
19138$1,590−30.6%
19150$1,640−28.4%

Questions about ZIP 19118 rents

How much will Section 8 pay for a two-bedroom in ZIP 19118?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,290, that basic range is $2,061 to $2,519 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 19118 in?

ZIP 19118 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 19118 for FY 2027?

The two-bedroom FMR was unchanged at $2,290 in FY 2027. Since FY 2023 it has risen 14.5%.

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