19148

ZIPSAFMR

Philadelphia County, PA

ZIP Investment Score

159High yield potential

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,510	$1,470	4.9%
1 BR	$1,630	$1,620	4.0%
2 BR	$1,950	$1,800	3.9%
3 BR	$2,320	$2,180	3.4%
4 BR	$2,560	$2,470	1.8%
5 BR	$2,944	Not available	1.7%
6 BR	$3,386	Not available	1.8%
7 BR	$3,893	Not available	1.7%
8 BR	$4,477	Not available	1.7%

Purchase Price Calculator

Maximum purchase price

$205,563

Cost breakdown

+Likely effective rent$1,800

HUD FMR$1,950

Market rentUsed$1,800

Est. payment standard (95%)$1,850

-Principal and interest-$1,039

Loan amount$164,450

Down payment$41,113

Rate6.50%

Term30 years

-Operating costs-$561

Property taxes-$206

Insurance-$175

Utilities$0

HOA$0

Management-$180

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$28,898(70.3% ROI)

Projected value

$221,369

Return breakdown

Property appreciation+$15,806

Loan principal paid down+$5,892

Rental cash flow+$7,200

5-year hold

+$49,519(120.4% ROI)

Projected value

$232,575

Return breakdown

Property appreciation+$27,013

Loan principal paid down+$10,507

Rental cash flow+$12,000

10-year hold

+$106,611(259.3% ROI)

Projected value

$263,138

Return breakdown

Property appreciation+$57,575

Loan principal paid down+$25,036

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.03ratio

FMR$1,510

Market$1,470

vs market+$40

FMR is near market; voucher and private rents are aligned.

1.03

1 BR

1.01ratio

FMR$1,630

Market$1,620

vs market+$10

FMR is near market; voucher and private rents are aligned.

1.01

2 BR

1.08ratio

FMR$1,950

Market$1,800

vs market+$150

FMR is near market; voucher and private rents are aligned.

1.08

3 BR

1.06ratio

FMR$2,320

Market$2,180

vs market+$140

FMR is near market; voucher and private rents are aligned.

1.06

4 BR

1.04ratio

FMR$2,560

Market$2,470

vs market+$90

FMR is near market; voucher and private rents are aligned.

1.04

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: --

ZIP 19148 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 19148 (Philadelphia, PA) is $1,950 a month. That is up 3.7% from $1,880 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, 19148 has the 17th-highest two-bedroom rent (county range $1,350–$2,790). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 19148 is 72% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 19148
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,450	$1,510	+4.1%	$1,359–$1,661
1BR	$1,580	$1,630	+3.2%	$1,467–$1,793
2BR	$1,880	$1,950	+3.7%	$1,755–$2,145
3BR	$2,250	$2,320	+3.1%	$2,088–$2,552
4BR	$2,520	$2,560	+1.6%	$2,304–$2,816

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 19148
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,510	$1,630	$1,950	$2,320	$2,560
FY 2026	$1,450	$1,580	$1,880	$2,250	$2,520
FY 2025	$1,390	$1,540	$1,830	$2,200	$2,510
FY 2024	$1,310	$1,450	$1,740	$2,100	$2,430
FY 2023	$980	$1,100	$1,330	$1,620	$1,880

Two-bedroom rent in nearby Philadelphia County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 19148
19142	$1,680	−13.8%
19143	$1,720	−11.8%
19144	$1,670	−14.4%
19145	$1,830	−6.2%
19146	$2,410	+23.6%
19147	$2,420	+24.1%
19148Current	$1,950	—
19149	$1,900	−2.6%
19150	$1,640	−15.9%
19151	$1,490	−23.6%
19152	$1,700	−12.8%
19153	$1,790	−8.2%

Questions about ZIP 19148 rents

How much will Section 8 pay for a two-bedroom in ZIP 19148?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,950, that basic range is $1,755 to $2,145 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 19148 in?

ZIP 19148 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 19148 for FY 2027?

The two-bedroom FMR rose 3.7%, from $1,880 in FY 2026 to $1,950 in FY 2027. Since FY 2023 it has risen 46.6%.

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 rent Philadelphia, PA fair market rent PA statewide rents What is SAFMR?Data sources