ZIP 19123 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 19123 in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA FMR area.

$1,790Efficiency
$1,9301 bedroom
$2,3102 bedrooms
$2,7503 bedrooms
$3,0404 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,790$1,611$1,969$1,438
1 bedroom$1,930$1,737$2,123$1,558
2 bedrooms$2,310$2,079$2,541$1,860
3 bedrooms$2,750$2,475$3,025$2,216
4 bedrooms$3,040$2,736$3,344$2,445

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

Income in ZIP 19123

$107,106average adjusted gross income per tax return (2022)
$87,307average salaries and wages per return
9,360tax returns filed
26%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00020.1%
$25,000 to $50,00019.3%
$50,000 to $75,00018.3%
$75,000 to $100,00012.7%
$100,000 to $200,00018.3%
$200,000 or more11.3%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 11.9% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 19123?

HUD's FY2027 Small Area FMRs for ZIP 19123 (Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA) are $1,790 efficiency, $1,930 one bedroom, $2,310 two bedrooms, $2,750 three and $3,040 four bedrooms.

What payment standard can a housing authority set in ZIP 19123?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,079 to $2,541.

How affordable is rent in ZIP 19123?

Tax returns filed from ZIP 19123 reported an average adjusted gross income of $107,106 (2022). A two-bedroom unit at the Small Area FMR costs $27,720 a year, or 26% of that income.