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

Succasunna, NJ 07876'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 07876 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 $1,953, a maximum of $2,387, and an average of $2,170.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,349, peaking at a maximum of $2,871, and averaging at $2,610.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,970, a maximum of $3,630, and an average of $3,300.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,429 to a maximum of $4,191, with an average of $3,810.

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 Succasunna, NJ 7876 Low Rent (90%) $1,692 $1,953 $2,349 $2,970 $3,429
Average Rent $1,880 $2,170 $2,610 $3,300 $3,810
High Rent(110%) $2,068 $2,387 $2,871 $3,630 $4,191
2023 Succasunna, NJ 7876 Low Rent (90%) $1,269 $1,503 $1,800 $2,286 $2,682
Average Rent $1,410 $1,670 $2,000 $2,540 $2,980
High Rent (110%) $1,551 $1,837 $2,200 $2,794 $3,278
2022 Succasunna, NJ 7876 Low Rent (90%) $1,107 $1,323 $1,593 $2,025 $2,412
Average Rent $1,230 $1,470 $1,770 $2,250 $2,680
High Rent(110%) $1,353 $1,617 $1,947 $2,475 $2,948
2021 Succasunna, NJ 7876 Low Rent (90%) $1,197 $1,440 $1,746 $2,223 $2,655
Average Rent $1,330 $1,600 $1,940 $2,470 $2,950
High Rent (110%) $1,463 $1,760 $2,134 $2,717 $3,245
2020 Succasunna, NJ 7876 Low Rent (90%) $1,107 $1,305 $1,593 $2,034 $2,403
Average Rent $1,230 $1,450 $1,770 $2,260 $2,670
High Rent(110%) $1,353 $1,595 $1,947 $2,486 $2,937
2019 Succasunna, NJ 7876 Low Rent (90%) $1,125 $1,278 $1,557 $1,989 $2,322
Average Rent $1,250 $1,420 $1,730 $2,210 $2,580
High Rent (110%) $1,375 $1,562 $1,903 $2,431 $2,838


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