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Philadelphia County/Philadelphia/19128

19128

ZIPSAFMR
Philadelphia County, PA
Zillow

ZIP Investment Score

122Above average

095130300
BRFMR
Eff. Rent
0 BR$1,650$1,390
1 BR$1,780$1,580
2 BR$2,130$1,930
3 BR$2,540$2,420
4 BR$2,800$2,900
5 BR$3,220Not available
6 BR$3,703Not available
7 BR$4,258Not available
8 BR$4,897Not available

Purchase Price Calculator

Maximum purchase price
$224,881

Cost breakdown

+Likely effective rent$1,930
HUD FMR$2,130
Market rentUsed$1,930
Est. payment standard (94%)$2,000
-Principal and interest-$1,137
Loan amount$179,905
Down payment$44,976
Rate6.50%
Term30 years
-Operating costs-$593
Property taxes-$225
Insurance-$175
Utilities$0
HOA$0
Management-$193
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,937(68.8% ROI)
Projected value
$242,172
Return breakdown
Property appreciation+$17,291
Loan principal paid down+$6,446
Rental cash flow+$7,200
5-year hold
+$53,045(117.9% ROI)
Projected value
$254,432
Return breakdown
Property appreciation+$29,551
Loan principal paid down+$11,494
Rental cash flow+$12,000
10-year hold
+$114,374(254.3% ROI)
Projected value
$287,866
Return breakdown
Property appreciation+$62,986
Loan principal paid down+$27,388
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.19
1 BR
1.13
2 BR
1.10
3 BR
1.05
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 19128 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 19128 (Philadelphia, PA) is $2,130 a month. That is up 3.4% from $2,060 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, 19128 has the 15th-highest two-bedroom rent (county range $1,350–$2,790). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 19128 is 88% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 19128
BedroomsFY 2027Change90–110% range
Studio$1,650+3.8%$1,485–$1,815
1BR$1,780+2.9%$1,602–$1,958
2BR$2,130+3.4%$1,917–$2,343
3BR$2,540+2.8%$2,286–$2,794
4BR$2,800+1.4%$2,520–$3,080

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 19128
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,650$1,780$2,130$2,540$2,800
FY 2026$1,590$1,730$2,060$2,470$2,760
FY 2025$1,520$1,680$2,000$2,410$2,740
FY 2024$1,460$1,630$1,950$2,360$2,720
FY 2023$1,250$1,410$1,700$2,070$2,400

Two-bedroom rent in nearby Philadelphia County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 19128
19122$1,810−15.0%
19123$2,310+8.5%
19124$1,450−31.9%
19125$2,310+8.5%
19126$1,450−31.9%
19127$2,270+6.6%
19128Current$2,130—
19129$1,990−6.6%
19130$2,600+22.1%
19131$1,930−9.4%
19132$1,460−31.5%
19133$1,350−36.6%

Questions about ZIP 19128 rents

How much will Section 8 pay for a two-bedroom in ZIP 19128?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,130, that basic range is $1,917 to $2,343 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 19128 in?

ZIP 19128 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 19128 for FY 2027?

The two-bedroom FMR rose 3.4%, from $2,060 in FY 2026 to $2,130 in FY 2027. Since FY 2023 it has risen 25.3%.

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