19428

ZIPSAFMR

Montgomery County, PA

ZIP Investment Score

97Above average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,970	$1,500	5.7%
1 BR	$2,140	$1,980	4.8%
2 BR	$2,550	$2,420	4.6%
3 BR	$3,040	$2,770	4.0%
4 BR	$3,350	$3,250	2.5%
5 BR	$3,852	Not available	2.5%
6 BR	$4,430	Not available	2.5%
7 BR	$5,095	Not available	2.5%
8 BR	$5,859	Not available	2.5%

Purchase Price Calculator

Maximum purchase price

$297,695

Cost breakdown

+Likely effective rent$2,420

HUD FMR$2,550

Market rentUsed$2,420

Est. payment standard (97%)$2,470

-Principal and interest-$1,505

Loan amount$238,156

Down payment$59,539

Rate6.50%

Term30 years

-Operating costs-$715

Property taxes-$298

Insurance-$175

Utilities$0

HOA$0

Management-$242

=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

+$38,622(64.9% ROI)

Projected value

$320,584

Return breakdown

Property appreciation+$22,890

Loan principal paid down+$8,533

Rental cash flow+$7,200

5-year hold

+$66,335(111.4% ROI)

Projected value

$336,814

Return breakdown

Property appreciation+$39,120

Loan principal paid down+$15,216

Rental cash flow+$12,000

10-year hold

+$143,636(241.2% ROI)

Projected value

$381,074

Return breakdown

Property appreciation+$83,380

Loan principal paid down+$36,257

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.31ratio

FMR$1,970

Market$1,500

vs market+$470

FMR is above market; underwrite to market rent.

1.31

1 BR

1.08ratio

FMR$2,140

Market$1,980

vs market+$160

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

1.08

2 BR

1.05ratio

FMR$2,550

Market$2,420

vs market+$130

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

1.05

3 BR

1.10ratio

FMR$3,040

Market$2,770

vs market+$270

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

1.10

4 BR

1.03ratio

FMR$3,350

Market$3,250

vs market+$100

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

1.03

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 19428 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 19428 (Conshohocken, PA) is $2,550 a month. That is up 2.0% from $2,500 in FY 2026. Conshohocken 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, 19428 has the 6th-highest two-bedroom rent (county range $1,420–$2,790). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 19428 is 124% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 19428
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,930	$1,970	+2.1%	$1,773–$2,167
1BR	$2,100	$2,140	+1.9%	$1,926–$2,354
2BR	$2,500	$2,550	+2.0%	$2,295–$2,805
3BR	$3,000	$3,040	+1.3%	$2,736–$3,344
4BR	$3,350	$3,350	0.0%	$3,015–$3,685

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 19428
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,970	$2,140	$2,550	$3,040	$3,350
FY 2026	$1,930	$2,100	$2,500	$3,000	$3,350
FY 2025	$1,820	$2,010	$2,390	$2,880	$3,270
FY 2024	$1,670	$1,860	$2,230	$2,700	$3,110
FY 2023	$1,380	$1,550	$1,870	$2,280	$2,650

Two-bedroom rent in nearby Montgomery County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 19428
19409	$2,060	−19.2%
19422	$2,720	+6.7%
19426	$2,330	−8.6%
19428Current	$2,550	—
19435	$1,480	−42.0%
19436	$2,090	−18.0%
19437	$2,100	−17.6%
19438	$2,180	−14.5%
19440	$1,810	−29.0%
19443	$2,060	−19.2%
19444	$2,520	−1.2%
19446	$2,250	−11.8%

Questions about ZIP 19428 rents

How much will Section 8 pay for a two-bedroom in ZIP 19428?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,550, that basic range is $2,295 to $2,805 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 19428 in?

ZIP 19428 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 19428 for FY 2027?

The two-bedroom FMR rose 2.0%, from $2,500 in FY 2026 to $2,550 in FY 2027. Since FY 2023 it has risen 36.4%.

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