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

West Long Branch, NJ 07764'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 07764 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 $1,692 to a high of $2,068, with an average of $1,880.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,890, a maximum of $2,310, and an average of $2,100.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,340, peaking at a maximum of $2,860, and averaging at $2,600.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,177, a maximum of $3,883, and an average of $3,530.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,546 to a maximum of $4,334, with an average of $3,940.

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 West Long Branch, NJ 7764 Low Rent (90%) $1,692 $1,890 $2,340 $3,177 $3,546
Average Rent $1,880 $2,100 $2,600 $3,530 $3,940
High Rent(110%) $2,068 $2,310 $2,860 $3,883 $4,334
2023 West Long Branch, NJ 7764 Low Rent (90%) $1,413 $1,584 $1,980 $2,709 $3,015
Average Rent $1,570 $1,760 $2,200 $3,010 $3,350
High Rent (110%) $1,727 $1,936 $2,420 $3,311 $3,685
2022 West Long Branch, NJ 7764 Low Rent (90%) $1,296 $1,458 $1,845 $2,538 $2,808
Average Rent $1,440 $1,620 $2,050 $2,820 $3,120
High Rent(110%) $1,584 $1,782 $2,255 $3,102 $3,432
2021 West Long Branch, NJ 7764 Low Rent (90%) $1,233 $1,413 $1,809 $2,493 $2,763
Average Rent $1,370 $1,570 $2,010 $2,770 $3,070
High Rent (110%) $1,507 $1,727 $2,211 $3,047 $3,377
2020 West Long Branch, NJ 7764 Low Rent (90%) $1,116 $1,305 $1,683 $2,313 $2,592
Average Rent $1,240 $1,450 $1,870 $2,570 $2,880
High Rent(110%) $1,364 $1,595 $2,057 $2,827 $3,168
2019 West Long Branch, NJ 7764 Low Rent (90%) $927 $1,107 $1,440 $1,962 $2,223
Average Rent $1,030 $1,230 $1,600 $2,180 $2,470
High Rent (110%) $1,133 $1,353 $1,760 $2,398 $2,717


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