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

Woodbridge, NJ 07095'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 07095 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 $1,674 to a high of $2,046, with an average of $1,860.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,881, a maximum of $2,299, and an average of $2,090.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,367, peaking at a maximum of $2,893, and averaging at $2,630.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,871, a maximum of $3,509, and an average of $3,190.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,150 to a maximum of $3,850, with an average of $3,500.

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 Woodbridge, NJ 7095 Low Rent (90%) $1,674 $1,881 $2,367 $2,871 $3,150
Average Rent $1,860 $2,090 $2,630 $3,190 $3,500
High Rent(110%) $2,046 $2,299 $2,893 $3,509 $3,850
2023 Woodbridge, NJ 7095 Low Rent (90%) $1,386 $1,575 $1,989 $2,421 $2,673
Average Rent $1,540 $1,750 $2,210 $2,690 $2,970
High Rent (110%) $1,694 $1,925 $2,431 $2,959 $3,267
2022 Woodbridge, NJ 7095 Low Rent (90%) $1,314 $1,503 $1,908 $2,358 $2,628
Average Rent $1,460 $1,670 $2,120 $2,620 $2,920
High Rent(110%) $1,606 $1,837 $2,332 $2,882 $3,212
2021 Woodbridge, NJ 7095 Low Rent (90%) $1,251 $1,422 $1,818 $2,268 $2,583
Average Rent $1,390 $1,580 $2,020 $2,520 $2,870
High Rent (110%) $1,529 $1,738 $2,222 $2,772 $3,157
2020 Woodbridge, NJ 7095 Low Rent (90%) $1,251 $1,449 $1,854 $2,331 $2,691
Average Rent $1,390 $1,610 $2,060 $2,590 $2,990
High Rent(110%) $1,529 $1,771 $2,266 $2,849 $3,289
2019 Woodbridge, NJ 7095 Low Rent (90%) $1,215 $1,440 $1,845 $2,340 $2,745
Average Rent $1,350 $1,600 $2,050 $2,600 $3,050
High Rent (110%) $1,485 $1,760 $2,255 $2,860 $3,355


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