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

Clark, NJ 07066'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 07066 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 $1,305 to a high of $1,595, with an average of $1,450.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,503, a maximum of $1,837, and an average of $1,670.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,809, peaking at a maximum of $2,211, and averaging at $2,010.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,286, a maximum of $2,794, and an average of $2,540.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,646 to a maximum of $3,234, with an average of $2,940.

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 Clark, NJ 7066 Low Rent (90%) $1,305 $1,503 $1,809 $2,286 $2,646
Average Rent $1,450 $1,670 $2,010 $2,540 $2,940
High Rent(110%) $1,595 $1,837 $2,211 $2,794 $3,234
2024 Clark, NJ 7066 Low Rent (90%) $1,305 $1,503 $1,809 $2,286 $2,646
Average Rent $1,450 $1,670 $2,010 $2,540 $2,940
High Rent (110%) $1,595 $1,837 $2,211 $2,794 $3,234
2023 Clark, NJ 7066 Low Rent (90%) $1,098 $1,296 $1,557 $1,980 $2,322
Average Rent $1,220 $1,440 $1,730 $2,200 $2,580
High Rent(110%) $1,342 $1,584 $1,903 $2,420 $2,838
2022 Clark, NJ 7066 Low Rent (90%) $1,008 $1,215 $1,458 $1,863 $2,223
Average Rent $1,120 $1,350 $1,620 $2,070 $2,470
High Rent (110%) $1,232 $1,485 $1,782 $2,277 $2,717
2021 Clark, NJ 7066 Low Rent (90%) $1,116 $1,341 $1,620 $2,070 $2,466
Average Rent $1,240 $1,490 $1,800 $2,300 $2,740
High Rent(110%) $1,364 $1,639 $1,980 $2,530 $3,014
2020 Clark, NJ 7066 Low Rent (90%) $1,017 $1,197 $1,458 $1,863 $2,196
Average Rent $1,130 $1,330 $1,620 $2,070 $2,440
High Rent (110%) $1,243 $1,463 $1,782 $2,277 $2,684
2019 Clark, NJ 7066 Low Rent (90%) $1,026 $1,170 $1,422 $1,818 $2,124
Average Rent $1,140 $1,300 $1,580 $2,020 $2,360
High Rent(110%) $1,254 $1,430 $1,738 $2,222 $2,596


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