Kent County/Viola/19979

19979

ZIPSAFMR

Kent County, DE

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ZIP Investment Score

122Above average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,580	$1,740	12.8%
1 BR	$1,590	$1,730	12.7%
2 BR	$2,000	$1,920	13.7%
3 BR	$2,760	$2,160	12.9%
4 BR	$3,180	$2,620	14.1%
5 BR	$3,657	Not available	14.1%
6 BR	$4,206	Not available	14.1%
7 BR	$4,836	Not available	14.1%
8 BR	$5,562	Not available	14.1%

Purchase Price Calculator

Maximum purchase price

$223,395

Cost breakdown

+Likely effective rent$1,920

HUD FMR$2,000

Market rentUsed$1,920

Est. payment standard (97%)$1,950

-Principal and interest-$1,130

Loan amount$178,716

Down payment$44,679

Rate6.50%

Term30 years

-Operating costs-$590

Property taxes-$223

Insurance-$175

Utilities$0

HOA$0

Management-$192

=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

+$30,780(68.9% ROI)

Projected value

$240,572

Return breakdown

Property appreciation+$17,177

Loan principal paid down+$6,403

Rental cash flow+$7,200

5-year hold

+$52,774(118.1% ROI)

Projected value

$252,751

Return breakdown

Property appreciation+$29,356

Loan principal paid down+$11,418

Rental cash flow+$12,000

10-year hold

+$113,777(254.7% ROI)

Projected value

$285,964

Return breakdown

Property appreciation+$62,569

Loan principal paid down+$27,207

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.85ratio

FMR$1,580

Market$1,850

vs market-$270

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

0.85

1 BR

0.88ratio

FMR$1,590

Market$1,810

vs market-$220

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

0.88

2 BR

1.04ratio

FMR$2,000

Market$1,920

vs market+$80

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

1.04

3 BR

1.28ratio

FMR$2,760

Market$2,160

vs market+$600

FMR is above market; underwrite to market rent.

1.28

4 BR

1.21ratio

FMR$3,180

Market$2,620

vs market+$560

FMR is above market; underwrite to market rent.

1.21

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 19979 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 19979 (Viola, DE) is $2,000 a month. That is up 15.6% from $1,730 in FY 2026. Viola is in the Dover, DE MSA. 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 metro-wide two-bedroom FMR of $1,629. Among 21 ZIP codes in Kent County, 19979 is tied for the highest two-bedroom rent (county range $1,370–$2,000). The median county two-bedroom FMR in Delaware is $1,629, so ZIP 19979 is 23% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 19979
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,360	$1,580	+16.2%	$1,422–$1,738
1BR	$1,370	$1,590	+16.1%	$1,431–$1,749
2BR	$1,730	$2,000	+15.6%	$1,800–$2,200
3BR	$2,410	$2,760	+14.5%	$2,484–$3,036
4BR	$2,690	$3,180	+18.2%	$2,862–$3,498

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 19979
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,580	$1,590	$2,000	$2,760	$3,180
FY 2026	$1,360	$1,370	$1,730	$2,410	$2,690
FY 2025	$1,280	$1,290	$1,630	$2,270	$2,490
FY 2024	$1,100	$1,110	$1,360	$1,920	$2,140
FY 2023	$900	$910	$1,090	$1,550	$1,750

Two-bedroom rent in nearby Kent County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 19979
19950	$1,580	−21.0%
19952	$1,520	−24.0%
19953	$1,480	−26.0%
19954	$1,520	−24.0%
19955	$2,000	0.0%
19961	$1,630	−18.5%
19962	$1,560	−22.0%
19963	$1,470	−26.5%
19964	$1,740	−13.0%
19977	$1,770	−11.5%
19979Current	$2,000	—
19980	$1,620	−19.0%

Questions about ZIP 19979 rents

How much will Section 8 pay for a two-bedroom in ZIP 19979?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,629, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,466 to $1,792 a month; under the ZIP-level Small Area FMR of $2,000 it would be $1,800 to $2,200. 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 19979 in?

ZIP 19979 is in the Dover, DE MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,629.

How much did fair market rent change in ZIP 19979 for FY 2027?

The two-bedroom FMR rose 15.6%, from $1,730 in FY 2026 to $2,000 in FY 2027. Since FY 2023 it has risen 83.5%.

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