ZIP 08061 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 08061 in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA FMR area.

$1,480Efficiency
$1,6101 bedroom
$1,9102 bedrooms
$2,3203 bedrooms
$2,6704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,480$1,332$1,628$1,438
1 bedroom$1,610$1,449$1,771$1,558
2 bedrooms$1,910$1,719$2,101$1,860
3 bedrooms$2,320$2,088$2,552$2,216
4 bedrooms$2,670$2,403$2,937$2,445

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

Income in ZIP 08061

$107,116average adjusted gross income per tax return (2022)
$90,928average salaries and wages per return
1,670tax returns filed
21%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00020.4%
$25,000 to $50,00013.8%
$50,000 to $75,00012.6%
$75,000 to $100,00010.2%
$100,000 to $200,00028.1%
$200,000 or more15.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 7.8% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 08061?

HUD's FY2027 Small Area FMRs for ZIP 08061 (Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA) are $1,480 efficiency, $1,610 one bedroom, $1,910 two bedrooms, $2,320 three and $2,670 four bedrooms.

What payment standard can a housing authority set in ZIP 08061?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,719 to $2,101.

How affordable is rent in ZIP 08061?

Tax returns filed from ZIP 08061 reported an average adjusted gross income of $107,116 (2022). A two-bedroom unit at the Small Area FMR costs $22,920 a year, or 21% of that income.