The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

Kearny, NJ 07032's Section 8 Fair Market Rent

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in the 07032 zip code area, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $1,593 to a high of $1,947, with an average of $1,770.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,620, a maximum of $1,980, and an average of $1,800.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,836, peaking at a maximum of $2,244, and averaging at $2,040.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,277, a maximum of $2,783, and an average of $2,530.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,538 to a maximum of $3,102, with an average of $2,820.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year City, State, Zipcode HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Kearny, NJ 7032 Low Rent (90%) $1,593 $1,620 $1,836 $2,277 $2,538
Average Rent $1,770 $1,800 $2,040 $2,530 $2,820
High Rent(110%) $1,947 $1,980 $2,244 $2,783 $3,102
2024 Kearny, NJ 7032 Low Rent (90%) $1,593 $1,620 $1,836 $2,277 $2,538
Average Rent $1,770 $1,800 $2,040 $2,530 $2,820
High Rent (110%) $1,947 $1,980 $2,244 $2,783 $3,102
2023 Kearny, NJ 7032 Low Rent (90%) $1,431 $1,476 $1,692 $2,088 $2,277
Average Rent $1,590 $1,640 $1,880 $2,320 $2,530
High Rent(110%) $1,749 $1,804 $2,068 $2,552 $2,783
2022 Kearny, NJ 7032 Low Rent (90%) $1,305 $1,386 $1,602 $1,980 $2,169
Average Rent $1,450 $1,540 $1,780 $2,200 $2,410
High Rent (110%) $1,595 $1,694 $1,958 $2,420 $2,651
2021 Kearny, NJ 7032 Low Rent (90%) $1,260 $1,368 $1,593 $1,980 $2,160
Average Rent $1,400 $1,520 $1,770 $2,200 $2,400
High Rent(110%) $1,540 $1,672 $1,947 $2,420 $2,640
2020 Kearny, NJ 7032 Low Rent (90%) $1,089 $1,206 $1,422 $1,773 $1,926
Average Rent $1,210 $1,340 $1,580 $1,970 $2,140
High Rent (110%) $1,331 $1,474 $1,738 $2,167 $2,354
2019 Kearny, NJ 7032 Low Rent (90%) $1,017 $1,143 $1,359 $1,701 $1,836
Average Rent $1,130 $1,270 $1,510 $1,890 $2,040
High Rent(110%) $1,243 $1,397 $1,661 $2,079 $2,244


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