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Montgomery County/Cedars/19423

19423

ZIPFMR
Montgomery County, PA
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,438$1,580
1 BR$1,558$1,710
2 BR$1,860$2,020
3 BR$2,216$2,440
4 BR$2,445$2,690
5 BR$2,812Not available
6 BR$3,234Not available
7 BR$3,719Not available
8 BR$4,276Not available

Purchase Price Calculator

Maximum purchase price
$238,255

Cost breakdown

+Likely effective rent$2,020
HUD FMR$1,860
Market rent$2,100
Est. payment standard (108%)Used$2,020
-Principal and interest-$1,205
Loan amount$190,604
Down payment$47,651
Rate6.50%
Term30 years
-Operating costs-$615
Property taxes-$238
Insurance-$175
Utilities$0
HOA$0
Management-$202
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,348(67.9% ROI)
Projected value
$256,574
Return breakdown
Property appreciation+$18,320
Loan principal paid down+$6,829
Rental cash flow+$7,200
5-year hold
+$55,486(116.4% ROI)
Projected value
$269,563
Return breakdown
Property appreciation+$31,309
Loan principal paid down+$12,178
Rental cash flow+$12,000
10-year hold
+$119,749(251.3% ROI)
Projected value
$304,986
Return breakdown
Property appreciation+$66,731
Loan principal paid down+$29,017
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.79
1 BR
0.86
2 BR
0.89
3 BR
0.80
4 BR
0.78
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 19423 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 19423 (Cedars, PA) is $1,860 a month. That is up 2.8% from $1,810 in FY 2026. Cedars 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. The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 19423 is 64% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 19423
BedroomsFY 2027Change90–110% range
Studio$1,438+2.9%$1,294–$1,582
1BR$1,558+2.5%$1,402–$1,714
2BR$1,860+2.8%$1,674–$2,046
3BR$2,216+2.1%$1,994–$2,438
4BR$2,445+0.9%$2,201–$2,690

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 19423
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,438$1,558$1,860$2,216$2,445
FY 2026$1,397$1,520$1,810$2,170$2,423
FY 2025$1,372$1,512$1,802$2,171$2,468
FY 2024$1,303$1,451$1,737$2,100$2,422
FY 2023$1,081$1,218$1,470$1,789$2,079

Questions about ZIP 19423 rents

How much will Section 8 pay for a two-bedroom in ZIP 19423?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,860, that basic range is $1,674 to $2,046 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 19423 in?

ZIP 19423 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 19423 for FY 2027?

The two-bedroom FMR rose 2.8%, from $1,810 in FY 2026 to $1,860 in FY 2027. Since FY 2023 it has risen 26.5%.

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 Fair Market Rents. 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 rentCedars, PA fair market rentPA statewide rentsWhat is SAFMR?Data sources