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Sussex County/Georgetown/19947

19947

ZIPSAFMR
Sussex County, DE
Zillow

ZIP Investment Score

110Above average

095130300
BRFMR
Eff. Rent
0 BR$1,170$1,290
1 BR$1,180$1,300
2 BR$1,540$1,690
3 BR$1,890$2,080
4 BR$2,280$2,500
5 BR$2,622Not available
6 BR$3,015Not available
7 BR$3,468Not available
8 BR$3,988Not available

Purchase Price Calculator

Maximum purchase price
$189,217

Cost breakdown

+Likely effective rent$1,690
HUD FMR$1,540
Market rent$2,070
Est. payment standard (110%)Used$1,690
-Principal and interest-$957
Loan amount$151,373
Down payment$37,843
Rate6.50%
Term30 years
-Operating costs-$533
Property taxes-$189
Insurance-$175
Utilities$0
HOA$0
Management-$169
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,172(71.8% ROI)
Projected value
$203,766
Return breakdown
Property appreciation+$14,549
Loan principal paid down+$5,423
Rental cash flow+$7,200
5-year hold
+$46,536(123.0% ROI)
Projected value
$214,081
Return breakdown
Property appreciation+$24,865
Loan principal paid down+$9,671
Rental cash flow+$12,000
10-year hold
+$100,042(264.4% ROI)
Projected value
$242,214
Return breakdown
Property appreciation+$52,997
Loan principal paid down+$23,045
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.56
1 BR
0.64
2 BR
0.74
3 BR
0.79
4 BR
0.87
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 19947 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 19947 (Georgetown, DE) is $1,540 a month. That is up 10.8% from $1,390 in FY 2026. Georgetown is in the Sussex County, DE non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,498. Among 24 ZIP codes in Sussex County, 19947 has the 14th-highest two-bedroom rent (county range $1,260–$2,210). The median county two-bedroom FMR in Delaware is $1,629, so ZIP 19947 is 5% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 19947
BedroomsFY 2027Change90–110% range
Studio$1,170+11.4%$1,053–$1,287
1BR$1,180+11.3%$1,062–$1,298
2BR$1,540+10.8%$1,386–$1,694
3BR$1,890+8.0%$1,701–$2,079
4BR$2,280+5.6%$2,052–$2,508

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 19947
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,170$1,180$1,540$1,890$2,280
FY 2026$1,050$1,060$1,390$1,750$2,160
FY 2025$1,020$1,060$1,390$1,750$2,180
FY 2024$880$960$1,260$1,610$1,980
FY 2023$710$800$1,050$1,370$1,670

Two-bedroom rent in nearby Sussex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 19947
19939$1,550+0.6%
19940$1,260−18.2%
19941$1,520−1.3%
19944$1,590+3.2%
19945$1,480−3.9%
19947Current$1,540—
19950$1,580+2.6%
19951$1,640+6.5%
19952$1,520−1.3%
19956$1,260−18.2%
19958$1,950+26.6%
19960$1,590+3.2%

Questions about ZIP 19947 rents

How much will Section 8 pay for a two-bedroom in ZIP 19947?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,498, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,348 to $1,648 a month; under the ZIP-level Small Area FMR of $1,540 it would be $1,386 to $1,694. 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 19947 in?

ZIP 19947 is in the Sussex County, DE non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,498.

How much did fair market rent change in ZIP 19947 for FY 2027?

The two-bedroom FMR rose 10.8%, from $1,390 in FY 2026 to $1,540 in FY 2027. Since FY 2023 it has risen 46.7%.

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 rentGeorgetown, DE fair market rentDE statewide rentsWhat is SAFMR?Data sources