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

Glen Rock, NJ 07452'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 07452 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 $1,683 to a high of $2,057, with an average of $1,870.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,971, a maximum of $2,409, and an average of $2,190.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,268, peaking at a maximum of $2,772, and averaging at $2,520.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,808, a maximum of $3,432, and an average of $3,120.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,528 to a maximum of $4,312, with an average of $3,920.

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 Glen Rock, NJ 7452 Low Rent (90%) $1,683 $1,971 $2,268 $2,808 $3,528
Average Rent $1,870 $2,190 $2,520 $3,120 $3,920
High Rent(110%) $2,057 $2,409 $2,772 $3,432 $4,312
2023 Glen Rock, NJ 7452 Low Rent (90%) $1,638 $1,953 $2,268 $2,817 $3,537
Average Rent $1,820 $2,170 $2,520 $3,130 $3,930
High Rent (110%) $2,002 $2,387 $2,772 $3,443 $4,323
2022 Glen Rock, NJ 7452 Low Rent (90%) $1,584 $1,899 $2,223 $2,763 $3,447
Average Rent $1,760 $2,110 $2,470 $3,070 $3,830
High Rent(110%) $1,936 $2,321 $2,717 $3,377 $4,213
2021 Glen Rock, NJ 7452 Low Rent (90%) $1,602 $1,917 $2,259 $2,808 $3,483
Average Rent $1,780 $2,130 $2,510 $3,120 $3,870
High Rent (110%) $1,958 $2,343 $2,761 $3,432 $4,257
2020 Glen Rock, NJ 7452 Low Rent (90%) $1,458 $1,746 $2,061 $2,565 $3,150
Average Rent $1,620 $1,940 $2,290 $2,850 $3,500
High Rent(110%) $1,782 $2,134 $2,519 $3,135 $3,850
2019 Glen Rock, NJ 7452 Low Rent (90%) $1,584 $1,872 $2,205 $2,781 $3,375
Average Rent $1,760 $2,080 $2,450 $3,090 $3,750
High Rent (110%) $1,936 $2,288 $2,695 $3,399 $4,125


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