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Philadelphia County/Philadelphia/19129

19129

ZIPSAFMR
Philadelphia County, PA
Zillow

ZIP Investment Score

120Above average

095130300
BRFMR
Eff. Rent
0 BR$1,540$1,320
1 BR$1,670$1,530
2 BR$1,990$1,990
3 BR$2,370$2,100
4 BR$2,620$2,480
5 BR$3,013Not available
6 BR$3,465Not available
7 BR$3,985Not available
8 BR$4,582Not available

Purchase Price Calculator

Maximum purchase price
$233,797

Cost breakdown

+Likely effective rent$1,990
HUD FMR$1,990
Market rent$1,990
Est. payment standard (100%)Used$1,990
-Principal and interest-$1,182
Loan amount$187,037
Down payment$46,759
Rate6.50%
Term30 years
-Operating costs-$608
Property taxes-$234
Insurance-$175
Utilities$0
HOA$0
Management-$199
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,878(68.2% ROI)
Projected value
$251,773
Return breakdown
Property appreciation+$17,977
Loan principal paid down+$6,701
Rental cash flow+$7,200
5-year hold
+$54,673(116.9% ROI)
Projected value
$264,519
Return breakdown
Property appreciation+$30,723
Loan principal paid down+$11,950
Rental cash flow+$12,000
10-year hold
+$117,957(252.3% ROI)
Projected value
$299,280
Return breakdown
Property appreciation+$65,483
Loan principal paid down+$28,474
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.17
1 BR
1.09
2 BR
1.00
3 BR
1.13
4 BR
1.06
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 19129 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 19129 (Philadelphia, PA) is $1,990 a month. That is down 1.0% from $2,010 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, 19129 has the 16th-highest two-bedroom rent (county range $1,350–$2,790). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 19129 is 75% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 19129
BedroomsFY 2027Change90–110% range
Studio$1,540−0.6%$1,386–$1,694
1BR$1,670−1.2%$1,503–$1,837
2BR$1,990−1.0%$1,791–$2,189
3BR$2,370−1.7%$2,133–$2,607
4BR$2,620−2.6%$2,358–$2,882

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 19129
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,540$1,670$1,990$2,370$2,620
FY 2026$1,550$1,690$2,010$2,410$2,690
FY 2025$1,580$1,740$2,070$2,490$2,840
FY 2024$1,550$1,730$2,070$2,500$2,890
FY 2023$1,300$1,470$1,770$2,150$2,500

Two-bedroom rent in nearby Philadelphia County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 19129
19123$2,310+16.1%
19124$1,450−27.1%
19125$2,310+16.1%
19126$1,450−27.1%
19127$2,270+14.1%
19128$2,130+7.0%
19129Current$1,990—
19130$2,600+30.7%
19131$1,930−3.0%
19132$1,460−26.6%
19133$1,350−32.2%
19134$1,530−23.1%

Questions about ZIP 19129 rents

How much will Section 8 pay for a two-bedroom in ZIP 19129?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,990, that basic range is $1,791 to $2,189 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 19129 in?

ZIP 19129 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 19129 for FY 2027?

The two-bedroom FMR fell 1.0%, from $2,010 in FY 2026 to $1,990 in FY 2027. Since FY 2023 it has risen 12.4%.

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