ZIP 08081 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 08081 in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA FMR area.

$1,580Efficiency
$1,7101 bedroom
$2,0402 bedrooms
$2,4303 bedrooms
$2,6804 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,580$1,422$1,738$1,438
1 bedroom$1,710$1,539$1,881$1,558
2 bedrooms$2,040$1,836$2,244$1,860
3 bedrooms$2,430$2,187$2,673$2,216
4 bedrooms$2,680$2,412$2,948$2,445

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

Income in ZIP 08081

$75,632average adjusted gross income per tax return (2022)
$60,420average salaries and wages per return
25,700tax returns filed
32%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00025.5%
$25,000 to $50,00022.3%
$50,000 to $75,00015.8%
$75,000 to $100,00011.4%
$100,000 to $200,00019.5%
$200,000 or more5.4%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 14.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 08081?

HUD's FY2027 Small Area FMRs for ZIP 08081 (Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA) are $1,580 efficiency, $1,710 one bedroom, $2,040 two bedrooms, $2,430 three and $2,680 four bedrooms.

What payment standard can a housing authority set in ZIP 08081?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,836 to $2,244.

How affordable is rent in ZIP 08081?

Tax returns filed from ZIP 08081 reported an average adjusted gross income of $75,632 (2022). A two-bedroom unit at the Small Area FMR costs $24,480 a year, or 32% of that income.