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New Castle County/New Castle/19720

19720

ZIPSAFMR
New Castle County, DE
Zillow

ZIP Investment Score

153High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,260$1,390
1 BR$1,370$1,420
2 BR$1,630$1,790
3 BR$1,940$2,130
4 BR$2,140$2,350
5 BR$2,461Not available
6 BR$2,830Not available
7 BR$3,255Not available
8 BR$3,743Not available

Purchase Price Calculator

Maximum purchase price
$204,077

Cost breakdown

+Likely effective rent$1,790
HUD FMR$1,630
Market rent$2,030
Est. payment standard (110%)Used$1,790
-Principal and interest-$1,032
Loan amount$163,261
Down payment$40,815
Rate6.50%
Term30 years
-Operating costs-$558
Property taxes-$204
Insurance-$175
Utilities$0
HOA$0
Management-$179
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,741(70.4% ROI)
Projected value
$219,768
Return breakdown
Property appreciation+$15,692
Loan principal paid down+$5,849
Rental cash flow+$7,200
5-year hold
+$49,248(120.7% ROI)
Projected value
$230,894
Return breakdown
Property appreciation+$26,817
Loan principal paid down+$10,431
Rental cash flow+$12,000
10-year hold
+$106,013(259.7% ROI)
Projected value
$261,236
Return breakdown
Property appreciation+$57,159
Loan principal paid down+$24,855
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.75
1 BR
0.95
2 BR
0.80
3 BR
0.81
4 BR
0.79
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 19720 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 19720 (New Castle, DE) is $1,630 a month. That is down 0.6% from $1,640 in FY 2026. New Castle 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, 19720 has the 35th-highest two-bedroom rent (county range $1,570–$2,270).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 19720
BedroomsFY 2027Change90–110% range
Studio$1,260−0.8%$1,134–$1,386
1BR$1,370−0.7%$1,233–$1,507
2BR$1,630−0.6%$1,467–$1,793
3BR$1,940−1.5%$1,746–$2,134
4BR$2,140−2.7%$1,926–$2,354

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 19720
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,260$1,370$1,630$1,940$2,140
FY 2026$1,270$1,380$1,640$1,970$2,200
FY 2025$1,240$1,370$1,630$1,960$2,230
FY 2024$1,210$1,340$1,610$1,950$2,250
FY 2023$1,020$1,150$1,390$1,690$1,970

Two-bedroom rent in nearby New Castle County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 19720
19709$2,020+23.9%
19710$1,810+11.0%
19711$1,900+16.6%
19713$1,680+3.1%
19714$1,810+11.0%
19715$1,810+11.0%
19716$1,810+11.0%
19717$1,900+16.6%
19720Current$1,630—
19721$1,810+11.0%
19726$1,810+11.0%
19730$1,660+1.8%

Questions about ZIP 19720 rents

How much will Section 8 pay for a two-bedroom in ZIP 19720?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,630, that basic range is $1,467 to $1,793 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 19720 in?

ZIP 19720 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 19720 for FY 2027?

The two-bedroom FMR fell 0.6%, from $1,640 in FY 2026 to $1,630 in FY 2027. Since FY 2023 it has risen 17.3%.

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

County fair market rentNew Castle, DE fair market rentDE statewide rentsWhat is SAFMR?Data sources