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

Browns Mills, NJ 08015'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 08015 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 $1,224 to a high of $1,496, with an average of $1,360.
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 $1,629, peaking at a maximum of $1,991, and averaging at $1,810.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,971, a maximum of $2,409, and an average of $2,190.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,268 to a maximum of $2,772, with an average of $2,520.

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 Browns Mills, NJ 8015 Low Rent (90%) $1,224 $1,359 $1,629 $1,971 $2,268
Average Rent $1,360 $1,510 $1,810 $2,190 $2,520
High Rent(110%) $1,496 $1,661 $1,991 $2,409 $2,772
2023 Browns Mills, NJ 8015 Low Rent (90%) $1,089 $1,224 $1,476 $1,800 $2,088
Average Rent $1,210 $1,360 $1,640 $2,000 $2,320
High Rent (110%) $1,331 $1,496 $1,804 $2,200 $2,552
2022 Browns Mills, NJ 8015 Low Rent (90%) $945 $1,080 $1,305 $1,611 $1,845
Average Rent $1,050 $1,200 $1,450 $1,790 $2,050
High Rent(110%) $1,155 $1,320 $1,595 $1,969 $2,255
2021 Browns Mills, NJ 8015 Low Rent (90%) $936 $1,089 $1,314 $1,638 $1,872
Average Rent $1,040 $1,210 $1,460 $1,820 $2,080
High Rent (110%) $1,144 $1,331 $1,606 $2,002 $2,288
2020 Browns Mills, NJ 8015 Low Rent (90%) $873 $1,026 $1,242 $1,548 $1,773
Average Rent $970 $1,140 $1,380 $1,720 $1,970
High Rent(110%) $1,067 $1,254 $1,518 $1,892 $2,167
2019 Browns Mills, NJ 8015 Low Rent (90%) $846 $999 $1,206 $1,512 $1,728
Average Rent $940 $1,110 $1,340 $1,680 $1,920
High Rent (110%) $1,034 $1,221 $1,474 $1,848 $2,112


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