Logo Philadelphia-Camden-Wilmington Fair Market Rent FY 2024 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA Rental Data

Fair Market Rent Prices in Philadelphia-Camden-Wilmington, DE :
$1,303 $1,451 $1,737 $2,100 $2,422
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Philadelphia-Camden-Wilmington are very high compared to the national average. This FMR area is more expensive than 95% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Philadelphia-Camden-Wilmington is $1,737 per month.

The previous year, rent for a two-bedroom home was $1,470 per month. This is a 18.16% increase year-over-year.

This FMR rate applies to Rockland, DE, Yorklyn, DE, Kirkwood, DE, Winterthur, DE, Montchanin, DE, Saint Georges, DE, Port Penn, DE, Odessa, DE, Delaware City, DE, Townsend, DE and other cities within the region. The Metro Code or CBSA code for this region is METRO37980M37980.

Additionally, This Fair Market Rent (FMR) area Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA spans one county or city in Delaware which is listed in the table below. Estimated population of Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA FMR area is 558,306 people based on latest Census data.

Compared to the rest of Delaware, the Philadelphia-Camden-Wilmington FMR area is more expensive than 100% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Philadelphia-Camden-Wilmington. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Philadelphia-Camden-Wilmington

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1415
1-BR 1-Bedroom $ 1576
2-BR 2-Bedroom $ 1886
3-BR 3-Bedroom $ 2280
4-BR 4-Bedroom $ 2630
Change Year:

There is just one county (listed below) within the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Philadelphia.

County / Region Est. Population
Philadelphia-Camden-Wilmington, DE Metro 558,306
Zip Codes in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA

There are 43 unique zip codes in this Fair Market Rent (FMR) area:

19701, 19702, 19703, 19706, 19707, 19708, 19709, 19710, 19711, 19712, 19713, 19714, 19715, 19716, 19717, 19718, 19720, 19721, 19726, 19730, 19731, 19732, 19733, 19734, 19735, 19736, 19801, 19802, 19803, 19804, 19805, 19806, 19807, 19808, 19809, 19810, 19884, 19890, 19894, 19895, 19897, 19898 and 19899

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