ZIP 08033 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 08033 in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA FMR area.

$1,440Efficiency
$1,5601 bedroom
$1,8602 bedrooms
$2,2203 bedrooms
$2,4404 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,440$1,296$1,584$1,438
1 bedroom$1,560$1,404$1,716$1,558
2 bedrooms$1,860$1,674$2,046$1,860
3 bedrooms$2,220$1,998$2,442$2,216
4 bedrooms$2,440$2,196$2,684$2,445

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

Income in ZIP 08033

$297,214average adjusted gross income per tax return (2022)
$142,740average salaries and wages per return
8,130tax returns filed
8%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00018.6%
$25,000 to $50,00010.7%
$50,000 to $75,00010.2%
$75,000 to $100,0008.2%
$100,000 to $200,00021.0%
$200,000 or more31.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 3.7% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 08033?

HUD's FY2027 Small Area FMRs for ZIP 08033 (Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA) are $1,440 efficiency, $1,560 one bedroom, $1,860 two bedrooms, $2,220 three and $2,440 four bedrooms.

What payment standard can a housing authority set in ZIP 08033?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,674 to $2,046.

How affordable is rent in ZIP 08033?

Tax returns filed from ZIP 08033 reported an average adjusted gross income of $297,214 (2022). A two-bedroom unit at the Small Area FMR costs $22,320 a year, or 8% of that income.