ZIP 08042 Fair Market Rent FY2027
Small Area Fair Market Rents for ZIP code 08042 in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA FMR area.
$1,770Efficiency
$1,9101 bedroom
$2,2802 bedrooms
$2,7203 bedrooms
$3,0004 bedrooms
Payment standard range
| Unit size | SAFMR | 90% | 110% | Metro FMR |
|---|---|---|---|---|
| Efficiency | $1,770 | $1,593 | $1,947 | $1,438 |
| 1 bedroom | $1,910 | $1,719 | $2,101 | $1,558 |
| 2 bedrooms | $2,280 | $2,052 | $2,508 | $1,860 |
| 3 bedrooms | $2,720 | $2,448 | $2,992 | $2,216 |
| 4 bedrooms | $3,000 | $2,700 | $3,300 | $2,445 |
Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.
Questions and answers
What is the Small Area Fair Market Rent for ZIP code 08042?
HUD's FY2027 Small Area FMRs for ZIP 08042 (Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA) are $1,770 efficiency, $1,910 one bedroom, $2,280 two bedrooms, $2,720 three and $3,000 four bedrooms.
What payment standard can a housing authority set in ZIP 08042?
Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,052 to $2,508.