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Philadelphia County/Philadelphia/19122

19122

ZIPSAFMR
Philadelphia County, PA
Zillow

ZIP Investment Score

127Above average

095130300
BRFMR
Eff. Rent
0 BR$1,400$1,420
1 BR$1,520$1,550
2 BR$1,810$1,960
3 BR$2,160$2,230
4 BR$2,380$2,450
5 BR$2,737Not available
6 BR$3,148Not available
7 BR$3,620Not available
8 BR$4,163Not available

Purchase Price Calculator

Maximum purchase price
$229,339

Cost breakdown

+Likely effective rent$1,960
HUD FMR$1,810
Market rent$2,040
Est. payment standard (108%)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

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

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Rolodex

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Market Alignment

Studio
0.98
1 BR
0.97
2 BR
0.89
3 BR
0.96
4 BR
0.96
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 19122 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 19122 (Philadelphia, PA) is $1,810 a month. That is up 9.0% from $1,660 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, 19122 has the 24th-highest two-bedroom rent (county range $1,350–$2,790). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 19122 is 59% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 19122
BedroomsFY 2027Change90–110% range
Studio$1,400+9.4%$1,260–$1,540
1BR$1,520+9.4%$1,368–$1,672
2BR$1,810+9.0%$1,629–$1,991
3BR$2,160+8.5%$1,944–$2,376
4BR$2,380+7.2%$2,142–$2,618

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 19122
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,400$1,520$1,810$2,160$2,380
FY 2026$1,280$1,390$1,660$1,990$2,220
FY 2025$1,230$1,350$1,610$1,940$2,210
FY 2024$1,160$1,290$1,550$1,870$2,160
FY 2023$960$1,080$1,300$1,580$1,840

Two-bedroom rent in nearby Philadelphia County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 19122
19116$1,590−12.2%
19118$2,290+26.5%
19119$1,680−7.2%
19120$1,610−11.0%
19121$1,610−11.0%
19122Current$1,810—
19123$2,310+27.6%
19124$1,450−19.9%
19125$2,310+27.6%
19126$1,450−19.9%
19127$2,270+25.4%
19128$2,130+17.7%

Questions about ZIP 19122 rents

How much will Section 8 pay for a two-bedroom in ZIP 19122?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,810, that basic range is $1,629 to $1,991 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 19122 in?

ZIP 19122 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 19122 for FY 2027?

The two-bedroom FMR rose 9.0%, from $1,660 in FY 2026 to $1,810 in FY 2027. Since FY 2023 it has risen 39.2%.

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