FMR is below market; voucher rent may lag private rents.
0.72
1 BR
1 BR
0.78ratio
FMR$1,558
Market$2,000
vs market-$442
FMR is below market; voucher rent may lag private rents.
0.78
2 BR
2 BR
0.86ratio
FMR$1,860
Market$2,170
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.86
3 BR
3 BR
0.88ratio
FMR$2,216
Market$2,510
vs market-$294
FMR is below market; voucher rent may lag private rents.
0.88
4 BR
4 BR
0.93ratio
FMR$2,445
Market$2,630
vs market-$185
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
--
ZIP 19898 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 19898 (Wilmington, DE) is $1,860 a month. That is up 2.8% from $1,810 in FY 2026. Wilmington 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 Delaware is $1,629, so ZIP 19898 is 14% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 19898
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,397
$1,438
+2.9%
$1,294–$1,582
1BR
$1,520
$1,558
+2.5%
$1,402–$1,714
2BR
$1,810
$1,860
+2.8%
$1,674–$2,046
3BR
$2,170
$2,216
+2.1%
$1,994–$2,438
4BR
$2,423
$2,445
+0.9%
$2,201–$2,690
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 19898
Fiscal year
Studio
1BR
2BR
3BR
4BR
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 19898 rents
How much will Section 8 pay for a two-bedroom in ZIP 19898?
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 19898 in?
ZIP 19898 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 19898 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