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

Woodbury Heights, NJ 08097'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 08097 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 $1,044 to a high of $1,276, with an average of $1,160.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,161, a maximum of $1,419, and an average of $1,290.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,386, peaking at a maximum of $1,694, and averaging at $1,540.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,674, a maximum of $2,046, and an average of $1,860.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,935 to a maximum of $2,365, with an average of $2,150.

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 Woodbury Heights, NJ 8097 Low Rent (90%) $1,044 $1,161 $1,386 $1,674 $1,935
Average Rent $1,160 $1,290 $1,540 $1,860 $2,150
High Rent(110%) $1,276 $1,419 $1,694 $2,046 $2,365
2023 Woodbury Heights, NJ 8097 Low Rent (90%) $891 $999 $1,206 $1,467 $1,710
Average Rent $990 $1,110 $1,340 $1,630 $1,900
High Rent (110%) $1,089 $1,221 $1,474 $1,793 $2,090
2022 Woodbury Heights, NJ 8097 Low Rent (90%) $837 $954 $1,161 $1,431 $1,647
Average Rent $930 $1,060 $1,290 $1,590 $1,830
High Rent(110%) $1,023 $1,166 $1,419 $1,749 $2,013
2021 Woodbury Heights, NJ 8097 Low Rent (90%) $846 $972 $1,179 $1,467 $1,683
Average Rent $940 $1,080 $1,310 $1,630 $1,870
High Rent (110%) $1,034 $1,188 $1,441 $1,793 $2,057
2020 Woodbury Heights, NJ 8097 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 Woodbury Heights, NJ 8097 Low Rent (90%) $918 $1,089 $1,314 $1,647 $1,881
Average Rent $1,020 $1,210 $1,460 $1,830 $2,090
High Rent (110%) $1,122 $1,331 $1,606 $2,013 $2,299


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