Philadelphia-Camden-Wilmington Fair Market Rent FY 2021 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA Rental Data

Fair Market Rent prices in Philadelphia-Camden-Wilmington are very high compared to the national average. This FMR area is more expensive than 94% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Philadelphia-Camden-Wilmington is $1,260 per month.

The previous year, rent for a two-bedroom home was $1,226 per month. This is a 2.77% 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 555,035 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.

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.

50^th Percentile Rental Prices: