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

Sea Isle City, NJ 08243'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 08243 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 $1,260 to a high of $1,540, with an average of $1,400.
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 $1,782, peaking at a maximum of $2,178, and averaging at $1,980.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,241, a maximum of $2,739, and an average of $2,490.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,376 to a maximum of $2,904, with an average of $2,640.

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 Sea Isle City, NJ 8243 Low Rent (90%) $1,260 $1,359 $1,782 $2,241 $2,376
Average Rent $1,400 $1,510 $1,980 $2,490 $2,640
High Rent(110%) $1,540 $1,661 $2,178 $2,739 $2,904
2023 Sea Isle City, NJ 8243 Low Rent (90%) $1,170 $1,323 $1,737 $2,160 $2,331
Average Rent $1,300 $1,470 $1,930 $2,400 $2,590
High Rent (110%) $1,430 $1,617 $2,123 $2,640 $2,849
2022 Sea Isle City, NJ 8243 Low Rent (90%) $1,080 $1,233 $1,620 $2,007 $2,196
Average Rent $1,200 $1,370 $1,800 $2,230 $2,440
High Rent(110%) $1,320 $1,507 $1,980 $2,453 $2,684
2021 Sea Isle City, NJ 8243 Low Rent (90%) $972 $1,152 $1,467 $1,899 $1,989
Average Rent $1,080 $1,280 $1,630 $2,110 $2,210
High Rent (110%) $1,188 $1,408 $1,793 $2,321 $2,431
2020 Sea Isle City, NJ 8243 Low Rent (90%) $819 $1,017 $1,251 $1,674 $1,710
Average Rent $910 $1,130 $1,390 $1,860 $1,900
High Rent(110%) $1,001 $1,243 $1,529 $2,046 $2,090
2019 Sea Isle City, NJ 8243 Low Rent (90%) $720 $936 $1,125 $1,530 $1,728
Average Rent $800 $1,040 $1,250 $1,700 $1,920
High Rent (110%) $880 $1,144 $1,375 $1,870 $2,112


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