ZIP 19124 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 19124 in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA FMR area.

$1,120Efficiency
$1,2101 bedroom
$1,4502 bedrooms
$1,7303 bedrooms
$1,9104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,120$1,008$1,232$1,438
1 bedroom$1,210$1,089$1,331$1,558
2 bedrooms$1,450$1,305$1,595$1,860
3 bedrooms$1,730$1,557$1,903$2,216
4 bedrooms$1,910$1,719$2,101$2,445

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

Income in ZIP 19124

$37,397average adjusted gross income per tax return (2022)
$32,519average salaries and wages per return
27,250tax returns filed
47%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00041.8%
$25,000 to $50,00034.0%
$50,000 to $75,00014.3%
$75,000 to $100,0005.5%
$100,000 to $200,0004.0%
$200,000 or more0.3%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 39.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 19124?

HUD's FY2027 Small Area FMRs for ZIP 19124 (Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA) are $1,120 efficiency, $1,210 one bedroom, $1,450 two bedrooms, $1,730 three and $1,910 four bedrooms.

What payment standard can a housing authority set in ZIP 19124?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,305 to $1,595.

How affordable is rent in ZIP 19124?

Tax returns filed from ZIP 19124 reported an average adjusted gross income of $37,397 (2022). A two-bedroom unit at the Small Area FMR costs $17,400 a year, or 47% of that income.