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Montgomery County/King of Prussia/19406

19406

ZIPSAFMR
Montgomery County, PA
Zillow

ZIP Investment Score

108Above average

095130300
BRFMR
Eff. Rent
0 BR$2,010$1,550
1 BR$2,180$2,000
2 BR$2,600$2,550
3 BR$3,100$2,900
4 BR$3,420$3,250
5 BR$3,933Not available
6 BR$4,523Not available
7 BR$5,201Not available
8 BR$5,982Not available

Purchase Price Calculator

Maximum purchase price
$317,012

Cost breakdown

+Likely effective rent$2,550
HUD FMR$2,600
Market rentUsed$2,550
Est. payment standard (99%)$2,570
-Principal and interest-$1,603
Loan amount$253,610
Down payment$63,402
Rate6.50%
Term30 years
-Operating costs-$747
Property taxes-$317
Insurance-$175
Utilities$0
HOA$0
Management-$255
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,662(64.1% ROI)
Projected value
$341,388
Return breakdown
Property appreciation+$24,375
Loan principal paid down+$9,086
Rental cash flow+$7,200
5-year hold
+$69,861(110.2% ROI)
Projected value
$358,671
Return breakdown
Property appreciation+$41,658
Loan principal paid down+$16,203
Rental cash flow+$12,000
10-year hold
+$151,400(238.8% ROI)
Projected value
$405,803
Return breakdown
Property appreciation+$88,790
Loan principal paid down+$38,609
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.30
1 BR
1.09
2 BR
1.02
3 BR
1.07
4 BR
1.05
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 19406 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 19406 (King of Prussia, PA) is $2,600 a month. That is up 4.4% from $2,490 in FY 2026. King of Prussia 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, 19406 has the 5th-highest two-bedroom rent (county range $1,420–$2,790). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 19406 is 129% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 19406
BedroomsFY 2027Change90–110% range
Studio$2,010+4.7%$1,809–$2,211
1BR$2,180+4.3%$1,962–$2,398
2BR$2,600+4.4%$2,340–$2,860
3BR$3,100+3.7%$2,790–$3,410
4BR$3,420+2.7%$3,078–$3,762

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 19406
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,010$2,180$2,600$3,100$3,420
FY 2026$1,920$2,090$2,490$2,990$3,330
FY 2025$1,840$2,030$2,420$2,920$3,310
FY 2024$1,730$1,930$2,310$2,790$3,220
FY 2023$1,420$1,600$1,930$2,350$2,730

Two-bedroom rent in nearby Montgomery County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 19406
19401$1,840−29.2%
19403$2,030−21.9%
19404$2,060−20.8%
19405$1,760−32.3%
19406Current$2,600—
19407$2,060−20.8%
19408$2,060−20.8%
19409$2,060−20.8%
19422$2,720+4.6%
19426$2,330−10.4%
19428$2,550−1.9%
19435$1,480−43.1%

Questions about ZIP 19406 rents

How much will Section 8 pay for a two-bedroom in ZIP 19406?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,600, that basic range is $2,340 to $2,860 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 19406 in?

ZIP 19406 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 19406 for FY 2027?

The two-bedroom FMR rose 4.4%, from $2,490 in FY 2026 to $2,600 in FY 2027. Since FY 2023 it has risen 34.7%.

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 rentKing of Prussia, PA fair market rentPA statewide rentsWhat is SAFMR?Data sources