ZIP 08014 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 08014 in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA FMR area.

$1,640Efficiency
$1,7801 bedroom
$2,1302 bedrooms
$2,5303 bedrooms
$2,7904 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,640$1,476$1,804$1,438
1 bedroom$1,780$1,602$1,958$1,558
2 bedrooms$2,130$1,917$2,343$1,860
3 bedrooms$2,530$2,277$2,783$2,216
4 bedrooms$2,790$2,511$3,069$2,445

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 08014

$64,480average adjusted gross income per tax return (2022)
$50,400average salaries and wages per return
250tax returns filed
40%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00024.0%
$25,000 to $50,00020.0%
$50,000 to $75,00016.0%
$75,000 to $100,00020.0%
$100,000 to $200,00020.0%
$200,000 or more0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 8.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 08014?

HUD's FY2027 Small Area FMRs for ZIP 08014 (Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA) are $1,640 efficiency, $1,780 one bedroom, $2,130 two bedrooms, $2,530 three and $2,790 four bedrooms.

What payment standard can a housing authority set in ZIP 08014?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,917 to $2,343.

How affordable is rent in ZIP 08014?

Tax returns filed from ZIP 08014 reported an average adjusted gross income of $64,480 (2022). A two-bedroom unit at the Small Area FMR costs $25,560 a year, or 40% of that income.