ZIP 08093 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 08093 in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA FMR area.

$1,250Efficiency
$1,3601 bedroom
$1,6202 bedrooms
$1,9303 bedrooms
$2,1304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,250$1,125$1,375$1,438
1 bedroom$1,360$1,224$1,496$1,558
2 bedrooms$1,620$1,458$1,782$1,860
3 bedrooms$1,930$1,737$2,123$2,216
4 bedrooms$2,130$1,917$2,343$2,445

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

Income in ZIP 08093

$57,841average adjusted gross income per tax return (2022)
$47,058average salaries and wages per return
4,900tax returns filed
34%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00027.3%
$25,000 to $50,00028.4%
$50,000 to $75,00018.6%
$75,000 to $100,00010.6%
$100,000 to $200,00013.1%
$200,000 or more2.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 17.6% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 08093?

HUD's FY2027 Small Area FMRs for ZIP 08093 (Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA) are $1,250 efficiency, $1,360 one bedroom, $1,620 two bedrooms, $1,930 three and $2,130 four bedrooms.

What payment standard can a housing authority set in ZIP 08093?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,458 to $1,782.

How affordable is rent in ZIP 08093?

Tax returns filed from ZIP 08093 reported an average adjusted gross income of $57,841 (2022). A two-bedroom unit at the Small Area FMR costs $19,440 a year, or 34% of that income.