ZIP 08084 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 08084 in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA FMR area.

$1,170Efficiency
$1,2601 bedroom
$1,5102 bedrooms
$1,8003 bedrooms
$1,9804 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,170$1,053$1,287$1,438
1 bedroom$1,260$1,134$1,386$1,558
2 bedrooms$1,510$1,359$1,661$1,860
3 bedrooms$1,800$1,620$1,980$2,216
4 bedrooms$1,980$1,782$2,178$2,445

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

Income in ZIP 08084

$74,146average adjusted gross income per tax return (2022)
$58,545average salaries and wages per return
3,520tax returns filed
24%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00022.4%
$25,000 to $50,00023.9%
$50,000 to $75,00016.5%
$75,000 to $100,00011.4%
$100,000 to $200,00021.9%
$200,000 or more4.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 9.9% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 08084?

HUD's FY2027 Small Area FMRs for ZIP 08084 (Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA) are $1,170 efficiency, $1,260 one bedroom, $1,510 two bedrooms, $1,800 three and $1,980 four bedrooms.

What payment standard can a housing authority set in ZIP 08084?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,359 to $1,661.

How affordable is rent in ZIP 08084?

Tax returns filed from ZIP 08084 reported an average adjusted gross income of $74,146 (2022). A two-bedroom unit at the Small Area FMR costs $18,120 a year, or 24% of that income.