ZIP 18954 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 18954 in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA FMR area.

$1,880Efficiency
$2,0301 bedroom
$2,4302 bedrooms
$2,8903 bedrooms
$3,1904 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,880$1,692$2,068$1,438
1 bedroom$2,030$1,827$2,233$1,558
2 bedrooms$2,430$2,187$2,673$1,860
3 bedrooms$2,890$2,601$3,179$2,216
4 bedrooms$3,190$2,871$3,509$2,445

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

Income in ZIP 18954

$161,304average adjusted gross income per tax return (2022)
$98,124average salaries and wages per return
4,880tax returns filed
18%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00021.7%
$25,000 to $50,00012.1%
$50,000 to $75,00010.2%
$75,000 to $100,0007.8%
$100,000 to $200,00026.2%
$200,000 or more21.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 4.1% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 18954?

HUD's FY2027 Small Area FMRs for ZIP 18954 (Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA) are $1,880 efficiency, $2,030 one bedroom, $2,430 two bedrooms, $2,890 three and $3,190 four bedrooms.

What payment standard can a housing authority set in ZIP 18954?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,187 to $2,673.

How affordable is rent in ZIP 18954?

Tax returns filed from ZIP 18954 reported an average adjusted gross income of $161,304 (2022). A two-bedroom unit at the Small Area FMR costs $29,160 a year, or 18% of that income.