New Castle County/Port Penn/19731

19731

ZIPSAFMR

New Castle County, DE

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,560	$1,720	2.9%
1 BR	$1,690	$1,860	1.8%
2 BR	$2,020	$2,100	1.9%
3 BR	$2,410	$2,460	1.4%
4 BR	$2,650	$2,840	-0.1%
5 BR	$3,047	Not available	-0.1%
6 BR	$3,505	Not available	-0.1%
7 BR	$4,030	Not available	-0.1%
8 BR	$4,635	Not available	-0.1%

Purchase Price Calculator

Maximum purchase price

$250,143

Cost breakdown

+Likely effective rent$2,100

HUD FMR$2,020

Market rent$2,150

Est. payment standard (104%)Used$2,100

-Principal and interest-$1,265

Loan amount$200,114

Down payment$50,029

Rate6.50%

Term30 years

-Operating costs-$635

Property taxes-$250

Insurance-$175

Utilities$0

HOA$0

Management-$210

=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

+$33,603(67.2% ROI)

Projected value

$269,376

Return breakdown

Property appreciation+$19,234

Loan principal paid down+$7,170

Rental cash flow+$7,200

5-year hold

+$57,656(115.2% ROI)

Projected value

$283,013

Return breakdown

Property appreciation+$32,871

Loan principal paid down+$12,785

Rental cash flow+$12,000

10-year hold

+$124,526(248.9% ROI)

Projected value

$320,204

Return breakdown

Property appreciation+$70,061

Loan principal paid down+$30,465

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.65ratio

FMR$1,560

Market$2,390

vs market-$830

FMR is below market; voucher rent may lag private rents.

0.65

1 BR

0.78ratio

FMR$1,690

Market$2,180

vs market-$490

FMR is below market; voucher rent may lag private rents.

0.78

2 BR

0.94ratio

FMR$2,020

Market$2,150

vs market-$130

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

0.94

3 BR

0.97ratio

FMR$2,410

Market$2,490

vs market-$80

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

0.97

4 BR

0.90ratio

FMR$2,650

Market$2,940

vs market-$290

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

0.90

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 19731 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 19731 (Port Penn, DE) is $2,020 a month. That is up 0.5% from $2,010 in FY 2026. Port Penn 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, 19731 is tied for the 6th-highest two-bedroom rent (county range $1,570–$2,270). The median county two-bedroom FMR in Delaware is $1,629, so ZIP 19731 is 24% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 19731
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,550	$1,560	+0.6%	$1,404–$1,716
1BR	$1,690	$1,690	0.0%	$1,521–$1,859
2BR	$2,010	$2,020	+0.5%	$1,818–$2,222
3BR	$2,410	$2,410	0.0%	$2,169–$2,651
4BR	$2,690	$2,650	−1.5%	$2,385–$2,915

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 19731
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,560	$1,690	$2,020	$2,410	$2,650
FY 2026	$1,550	$1,690	$2,010	$2,410	$2,690
FY 2025	$1,510	$1,660	$1,980	$2,390	$2,710
FY 2024	$1,430	$1,600	$1,910	$2,310	$2,660
FY 2023	$1,150	$1,300	$1,570	$1,910	$2,220

Two-bedroom rent in nearby New Castle County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 19731
19716	$1,810	−10.4%
19717	$1,900	−5.9%
19720	$1,630	−19.3%
19721	$1,810	−10.4%
19726	$1,810	−10.4%
19730	$1,660	−17.8%
19731Current	$2,020	—
19732	$2,230	+10.4%
19733	$1,750	−13.4%
19734	$1,870	−7.4%
19735	$1,810	−10.4%
19736	$2,170	+7.4%

Questions about ZIP 19731 rents

How much will Section 8 pay for a two-bedroom in ZIP 19731?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,020, that basic range is $1,818 to $2,222 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 19731 in?

ZIP 19731 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 19731 for FY 2027?

The two-bedroom FMR rose 0.5%, from $2,010 in FY 2026 to $2,020 in FY 2027. Since FY 2023 it has risen 28.7%.

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 rent Port Penn, DE fair market rent DE statewide rents What is SAFMR?Data sources