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

Maywood, NJ 07607'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 07607 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 $1,485 to a high of $1,815, with an average of $1,650.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,746, a maximum of $2,134, and an average of $1,940.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,007, peaking at a maximum of $2,453, and averaging at $2,230.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,484, a maximum of $3,036, and an average of $2,760.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,123 to a maximum of $3,817, with an average of $3,470.

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 Maywood, NJ 7607 Low Rent (90%) $1,485 $1,746 $2,007 $2,484 $3,123
Average Rent $1,650 $1,940 $2,230 $2,760 $3,470
High Rent(110%) $1,815 $2,134 $2,453 $3,036 $3,817
2023 Maywood, NJ 7607 Low Rent (90%) $1,368 $1,638 $1,899 $2,358 $2,961
Average Rent $1,520 $1,820 $2,110 $2,620 $3,290
High Rent (110%) $1,672 $2,002 $2,321 $2,882 $3,619
2022 Maywood, NJ 7607 Low Rent (90%) $1,278 $1,539 $1,800 $2,241 $2,790
Average Rent $1,420 $1,710 $2,000 $2,490 $3,100
High Rent(110%) $1,562 $1,881 $2,200 $2,739 $3,410
2021 Maywood, NJ 7607 Low Rent (90%) $1,260 $1,503 $1,773 $2,205 $2,727
Average Rent $1,400 $1,670 $1,970 $2,450 $3,030
High Rent (110%) $1,540 $1,837 $2,167 $2,695 $3,333
2020 Maywood, NJ 7607 Low Rent (90%) $1,134 $1,359 $1,602 $1,998 $2,448
Average Rent $1,260 $1,510 $1,780 $2,220 $2,720
High Rent(110%) $1,386 $1,661 $1,958 $2,442 $2,992
2019 Maywood, NJ 7607 Low Rent (90%) $1,134 $1,350 $1,584 $1,998 $2,421
Average Rent $1,260 $1,500 $1,760 $2,220 $2,690
High Rent (110%) $1,386 $1,650 $1,936 $2,442 $2,959


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