Housing market/Pennsylvania/ZIP 19123
ZIP 19123 Philadelphia, Pennsylvania
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA · Pennsylvania. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 19123 · PA — sent to you.
ZIP 19123 · PA
ACS rent vs 2BR SAFMR
ZIP 19123 — Philadelphia, PA HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 19123
- 1-unit detached6285.9%
- 1-unit attached3,31931.2%
- 2–4 units1,89017.8%
- 5–49 units2,37322.3%
- 50+ units2,39222.5%
- Mobile340.3%
2–4 unit share 17.8% · 5–49 unit share 22.3% · combined 2–49 40.1%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,687 (all bedrooms, occupied rentals).
- Median contract rent $1,551.
- Renters paying ≥30% of income 39.6%; ≥50% 16.3%.
- FY2027 2BR SAFMR $2,310 (1.369× ACS median gross rent).
Population
19,327 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +23.3%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 9 projects, 578 units.
- HUD project-based assisted MF: 7 properties, 1,197 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 2,179 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 19123 66.5% of occupied households are renters; vacancy is 6.1%; ACS median gross rent is $1,687; population increased +23.3% between the 2018 and 2023 ACS vintages; the housing stock includes 1,890 units in 2–4-unit structures and 2,373 units in 5–49-unit structures; 9 LIHTC projects totaling 578 units; FY2027 2BR SAFMR is $2,310 versus ACS median gross rent of $1,687. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Pennsylvania research
ZIP 19123 is a Census / HUD profile for Philadelphia-Camden-Wilmington, PA-NJ-DE-MD, PA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 19123 — Philadelphia, PA HUD Section 8 Payment Standards / SAFMR·Pennsylvania ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Pennsylvania research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 19123?
ZIP 19123 (Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA) has 19,327 residents, 9,991 households, a renter share of 66.5%, median household income of $95,872, and ACS 2023 median gross rent of $1,687. Vacancy is 6.1%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 19123?
ACS counts 1,021 units in 2-unit buildings, 869 in 3–4 unit buildings, 494 in 5–9, 744 in 10–19, and 1,135 in 20–49. Combined 2–49 unit stock is 4,263 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 19123?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,310. See the full schedule and 90–110% payment-standard band on the ZIP 19123 — Philadelphia, PA HUD Section 8 Payment Standards / SAFMR.
Does this Pennsylvania ZIP profile include Georgia listings?
No. ZIP 19123 is Census / HUD research for Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA. Jeff Crowe CRE does not list Pennsylvania property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.