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

Hawthorne, NJ 07507'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 07507 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 $1,161 to a high of $1,419, with an average of $1,290.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,359, a maximum of $1,661, and an average of $1,510.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,566, peaking at a maximum of $1,914, and averaging at $1,740.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,935, a maximum of $2,365, and an average of $2,150.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,439 to a maximum of $2,981, with an average of $2,710.

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 Hawthorne, NJ 7507 Low Rent (90%) $1,161 $1,359 $1,566 $1,935 $2,439
Average Rent $1,290 $1,510 $1,740 $2,150 $2,710
High Rent(110%) $1,419 $1,661 $1,914 $2,365 $2,981
2023 Hawthorne, NJ 7507 Low Rent (90%) $1,098 $1,314 $1,521 $1,890 $2,376
Average Rent $1,220 $1,460 $1,690 $2,100 $2,640
High Rent (110%) $1,342 $1,606 $1,859 $2,310 $2,904
2022 Hawthorne, NJ 7507 Low Rent (90%) $1,035 $1,233 $1,449 $1,800 $2,250
Average Rent $1,150 $1,370 $1,610 $2,000 $2,500
High Rent(110%) $1,265 $1,507 $1,771 $2,200 $2,750
2021 Hawthorne, NJ 7507 Low Rent (90%) $1,044 $1,251 $1,476 $1,836 $2,277
Average Rent $1,160 $1,390 $1,640 $2,040 $2,530
High Rent (110%) $1,276 $1,529 $1,804 $2,244 $2,783
2020 Hawthorne, NJ 7507 Low Rent (90%) $963 $1,152 $1,359 $1,692 $2,079
Average Rent $1,070 $1,280 $1,510 $1,880 $2,310
High Rent(110%) $1,177 $1,408 $1,661 $2,068 $2,541
2019 Hawthorne, NJ 7507 Low Rent (90%) $1,008 $1,197 $1,404 $1,773 $2,142
Average Rent $1,120 $1,330 $1,560 $1,970 $2,380
High Rent (110%) $1,232 $1,463 $1,716 $2,167 $2,618


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