FY2026 Fair Market Rents — Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio
$1,397
1BR
$1,520
2BR
$1,810
3BR
$2,170
4BR
$2,423
Hours/week at min wage
93 hrs
to afford the 2BR FMR @ $15.00/hr (DE)
YoY change (2BR)
+0.4%
+$8 vs FY2025 · 5-yr +43.7%
Voucher payment standard
$1,629–$1,991
PHAs set HCV payment at 90–110% of the 2BR FMR

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA

Non-Metropolitan area · DE · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size Monthly FMR Annual Equivalent
Efficiency (Studio) $1,397 $16,764
1-Bedroom $1,520 $18,240
2-Bedroom $1,810 $21,720
3-Bedroom $2,170 $26,040
4-Bedroom $2,423 $29,076

Recent 2-Bedroom FMR Trend

FY2020 $1,226 → FY2026 $1,810
Fiscal Year Studio 1BR 2BR 3BR 4BR
FY2026 $1,397 $1,520 $1,810 $2,170 $2,423
FY2025 $1,372 $1,512 $1,802 $2,171 $2,468
FY2024 $1,303 $1,451 $1,737 $2,100 $2,422
FY2023 $1,081 $1,218 $1,470 $1,789 $2,079
FY2022 $940 $1,071 $1,298 $1,605 $1,837
FY2021 $900 $1,040 $1,260 $1,567 $1,796
FY2020 $864 $1,013 $1,226 $1,528 $1,754

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $122,700

AMI Level 1p 2p 3p 4p 5p 6p
30% AMI (Extremely Low) $25,800 $29,450 $33,150 $36,800 $39,750 $44,360
50% AMI (Very Low) $42,950 $49,100 $55,250 $61,350 $66,300 $71,200
80% AMI (Low) $68,750 $78,550 $88,350 $98,150 $106,050 $113,900

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR
$21,720/yr
FMR as % of Area Median Income
17.7% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$72,400/yr
$6,033/mo gross income

FY2026 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band Studio 1BR 2BR 3BR 4BR
50% AMI Maximum $1,073 $1,227 $1,380 $1,656 $1,779
60% AMI Maximum $1,288 $1,472 $1,656 $1,987 $2,134

FY2026 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type Studio 1BR 2BR 3BR 4BR
High HOME Rent $1,397 $1,520 $1,810 $1,993 $1,993
Low HOME Rent $1,073 $1,227 $1,381 $1,533 $1,657

Compare Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA With Other DE Metros

vs. Dover, DE MSA vs. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA vs. Sussex County, DE HUD Metro FMR Area

Counties in This FMR Area

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