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Housing market/Pennsylvania/ZIP 19401

ACS 2023 · FY2027 SAFMR

ZIP 19401 Norristown, Pennsylvania

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA · Pennsylvania. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
43,099
Households
16,793
Median HH income
$68,646
Renter share
55.8%
Median gross rent
$1,392
Vacancy
7.9%
Pop. change
+2.3%
2BR SAFMR
$1,840
SAFMR / rent
1.322×
2–49 unit stock
5,317
LIHTC proj / units
7 / 323
HUD assisted MF
1 / 175

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 19401 · PA — sent to you.

ZIP 19401 · PA

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ACS rent vs 2BR SAFMR

ZIP 19401 — Norristown, PA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,392
2BR SAFMR$1,840
90% floor$1,656
110% ceiling$2,024

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 19401

  • 1-unit detached3,73020.5%
  • 1-unit attached7,24639.9%
  • 2–4 units2,33112.8%
  • 5–49 units2,98616.4%
  • 50+ units1,88010.3%
  • Mobile60.0%
TypeUnitsShare
1-unit detached3,73020.5%
1-unit attached7,24639.7%
2 units (duplex)1,2787.0%
3–4 units1,0535.8%
5–9 units8674.8%
10–19 units1,3527.4%
20–49 units7674.2%
50+ units1,88010.3%
Mobile60.0%

2–4 unit share 12.8% · 5–49 unit share 16.4% · combined 2–49 29.2%.

Units by bedrooms

Studio
1,122
1BR
3,240
2BR
4,136
3BR
6,893
4BR
1,997
5+
848

Rent burden

Rent ≥30% of income50.1%
Rent ≥50% of income28.7%
  • ACS median gross rent $1,392 (all bedrooms, occupied rentals).
  • Median contract rent $1,228.
  • Renters paying ≥30% of income 50.1%; ≥50% 28.7%.
  • FY2027 2BR SAFMR $1,840 (1.322× ACS median gross rent).

Population

43,099 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +2.3%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 7 projects, 323 units.
  • HUD project-based assisted MF: 1 properties, 175 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 993 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 19401 55.8% of occupied households are renters; vacancy is 7.9%; ACS median gross rent is $1,392; population increased +2.3% between the 2018 and 2023 ACS vintages; the housing stock includes 2,331 units in 2–4-unit structures and 2,986 units in 5–49-unit structures; 7 LIHTC projects totaling 323 units; FY2027 2BR SAFMR is $1,840 versus ACS median gross rent of $1,392. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Pennsylvania research

ZIP 19401 is a Census / HUD profile for Philadelphia-Camden-Wilmington, PA-NJ-DE-MD, PA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 19401 — Norristown, PA HUD Section 8 Payment Standards / SAFMR·Pennsylvania ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
08001Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA3.3%—$1,60008002Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA33.0%$1,895$2,47008003Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA14.8%$1,991$2,50008004Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA17.0%$1,169$2,10008007Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA45.2%$1,088$1,38008009Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA22.6%$1,392$1,84008010Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA28.2%$1,472$1,86008011Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA0.0%—$1,71008012Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA32.1%$1,589$2,03008014Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA0.0%—$2,13008015Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA17.2%$1,190$1,58008016Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA26.9%$1,343$1,760

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Pennsylvania research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 19401?

ZIP 19401 (Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA) has 43,099 residents, 16,793 households, a renter share of 55.8%, median household income of $68,646, and ACS 2023 median gross rent of $1,392. Vacancy is 7.9%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 19401?

ACS counts 1,278 units in 2-unit buildings, 1,053 in 3–4 unit buildings, 867 in 5–9, 1,352 in 10–19, and 767 in 20–49. Combined 2–49 unit stock is 5,317 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 19401?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,840. See the full schedule and 90–110% payment-standard band on the ZIP 19401 — Norristown, PA HUD Section 8 Payment Standards / SAFMR.

Does this Pennsylvania ZIP profile include Georgia listings?

No. ZIP 19401 is Census / HUD research for Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA. Jeff Crowe CRE does not list Pennsylvania property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.