ZIP 08049 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 08049 in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA FMR area.

$1,270Efficiency
$1,3701 bedroom
$1,6402 bedrooms
$1,9503 bedrooms
$2,1604 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,270$1,143$1,397$1,438
1 bedroom$1,370$1,233$1,507$1,558
2 bedrooms$1,640$1,476$1,804$1,860
3 bedrooms$1,950$1,755$2,145$2,216
4 bedrooms$2,160$1,944$2,376$2,445

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

Income in ZIP 08049

$65,706average adjusted gross income per tax return (2022)
$53,991average salaries and wages per return
2,770tax returns filed
30%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00023.5%
$25,000 to $50,00024.2%
$50,000 to $75,00018.4%
$75,000 to $100,00013.0%
$100,000 to $200,00018.8%
$200,000 or more2.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 11.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 08049?

HUD's FY2027 Small Area FMRs for ZIP 08049 (Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA) are $1,270 efficiency, $1,370 one bedroom, $1,640 two bedrooms, $1,950 three and $2,160 four bedrooms.

What payment standard can a housing authority set in ZIP 08049?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,476 to $1,804.

How affordable is rent in ZIP 08049?

Tax returns filed from ZIP 08049 reported an average adjusted gross income of $65,706 (2022). A two-bedroom unit at the Small Area FMR costs $19,680 a year, or 30% of that income.