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

Wenonah, NJ 08090'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 08090 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 $1,323 to a high of $1,617, with an average of $1,470.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,476, a maximum of $1,804, and an average of $1,640.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,764, peaking at a maximum of $2,156, and averaging at $1,960.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,133, a maximum of $2,607, and an average of $2,370.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,466 to a maximum of $3,014, with an average of $2,740.

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 Wenonah, NJ 8090 Low Rent (90%) $1,323 $1,476 $1,764 $2,133 $2,466
Average Rent $1,470 $1,640 $1,960 $2,370 $2,740
High Rent(110%) $1,617 $1,804 $2,156 $2,607 $3,014
2023 Wenonah, NJ 8090 Low Rent (90%) $1,125 $1,269 $1,530 $1,863 $2,160
Average Rent $1,250 $1,410 $1,700 $2,070 $2,400
High Rent (110%) $1,375 $1,551 $1,870 $2,277 $2,640
2022 Wenonah, NJ 8090 Low Rent (90%) $954 $1,080 $1,314 $1,620 $1,863
Average Rent $1,060 $1,200 $1,460 $1,800 $2,070
High Rent(110%) $1,166 $1,320 $1,606 $1,980 $2,277
2021 Wenonah, NJ 8090 Low Rent (90%) $882 $1,017 $1,233 $1,530 $1,755
Average Rent $980 $1,130 $1,370 $1,700 $1,950
High Rent (110%) $1,078 $1,243 $1,507 $1,870 $2,145
2020 Wenonah, NJ 8090 Low Rent (90%) $828 $972 $1,179 $1,467 $1,683
Average Rent $920 $1,080 $1,310 $1,630 $1,870
High Rent(110%) $1,012 $1,188 $1,441 $1,793 $2,057
2019 Wenonah, NJ 8090 Low Rent (90%) $819 $963 $1,170 $1,467 $1,674
Average Rent $910 $1,070 $1,300 $1,630 $1,860
High Rent (110%) $1,001 $1,177 $1,430 $1,793 $2,046


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