Location: Philadelphia-Camden-Wilmington, PA | Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,770 |
| 1 Bedroom | $1,910 |
| 2 Bedrooms | $2,300 |
| 3 Bedrooms | $2,750 |
| 4 Bedrooms | $3,040 |
| 5 Bedrooms | $3,526 |
| 6 Bedrooms | $3,949 |
| 7 Bedrooms | $4,265 |
| 8 Bedrooms | $4,478 |
U.S. Census Bureau data (2024)
The ZIP code 18933 is not a renter-heavy area; it is dominated by homeowners. Only 10.8% of the population are renters, indicating that the demand for rental properties is relatively low compared to areas with higher percentages of renters. The median household income is quite high at $226,083, suggesting that residents in this area generally have strong financial stability.
Despite the high median income, the specific market rent figures are not available, which makes it challenging to provide an exact percentage of local income that goes towards typical rent. However, we can compare the median income to the Fair Market Rent (FMR) set by HUD for the fiscal year 2024, which is $1830 for this ZIP code. Given the median income, even if we assume that market rents align closely with the FMR, the proportion of income spent on rent would still be relatively low, making it less likely that tenants would rely heavily on Section 8 vouchers.
The scarcity of vouchers in this area means that landlords should expect tenants who are financially capable of paying market rates without assistance. These tenants are likely to be professionals or individuals with stable employment and higher incomes, given the overall economic profile of the ZIP code. Landlords in 18933 should focus on maintaining quality properties that appeal to these financially secure renters rather than targeting those seeking subsidized housing options.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.