FMR is near market; voucher and private rents are aligned.
0.92
1 BR
1 BR
0.99ratio
FMR$1,520
Market$1,540
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
2 BR
2 BR
0.80ratio
FMR$1,810
Market$2,260
vs market-$450
FMR is below market; voucher rent may lag private rents.
0.80
3 BR
3 BR
0.85ratio
FMR$2,160
Market$2,540
vs market-$380
FMR is below market; voucher rent may lag private rents.
0.85
4 BR
4 BR
0.93ratio
FMR$2,380
Market$2,570
vs market-$190
FMR is near market; voucher and private rents are aligned.
0.93
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
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ZIP 19716 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 19716 (Newark, DE) is $1,810 a month. That is up 1.7% from $1,780 in FY 2026. Newark 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 38 ZIP codes in New Castle County, 19716 is tied for the 15th-highest two-bedroom rent (county range $1,570–$2,270). The median county two-bedroom FMR in Delaware is $1,629, so ZIP 19716 is 11% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 19716
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,370
$1,400
+2.2%
$1,260–$1,540
1BR
$1,500
$1,520
+1.3%
$1,368–$1,672
2BR
$1,780
$1,810
+1.7%
$1,629–$1,991
3BR
$2,130
$2,160
+1.4%
$1,944–$2,376
4BR
$2,380
$2,380
0.0%
$2,142–$2,618
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 19716
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,400
$1,520
$1,810
$2,160
$2,380
FY 2026
$1,370
$1,500
$1,780
$2,130
$2,380
FY 2025
$1,360
$1,500
$1,790
$2,160
$2,450
FY 2024
$1,310
$1,450
$1,740
$2,100
$2,430
FY 2023
$1,090
$1,230
$1,480
$1,800
$2,090
Two-bedroom rent in nearby New Castle County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 19716?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,810, that basic range is $1,629 to $1,991 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 19716 in?
ZIP 19716 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 19716 for FY 2027?
The two-bedroom FMR rose 1.7%, from $1,780 in FY 2026 to $1,810 in FY 2027. Since FY 2023 it has risen 22.3%.
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