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

Stone Harbor, NJ 08247'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 08247 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 $1,035 to a high of $1,265, with an average of $1,150.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,116, a maximum of $1,364, and an average of $1,240.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,467, peaking at a maximum of $1,793, and averaging at $1,630.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,845, a maximum of $2,255, and an average of $2,050.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,953 to a maximum of $2,387, with an average of $2,170.

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 Stone Harbor, NJ 8247 Low Rent (90%) $1,035 $1,116 $1,467 $1,845 $1,953
Average Rent $1,150 $1,240 $1,630 $2,050 $2,170
High Rent(110%) $1,265 $1,364 $1,793 $2,255 $2,387
2023 Stone Harbor, NJ 8247 Low Rent (90%) $1,017 $1,143 $1,503 $1,863 $2,016
Average Rent $1,130 $1,270 $1,670 $2,070 $2,240
High Rent (110%) $1,243 $1,397 $1,837 $2,277 $2,464
2022 Stone Harbor, NJ 8247 Low Rent (90%) $972 $1,116 $1,467 $1,818 $1,989
Average Rent $1,080 $1,240 $1,630 $2,020 $2,210
High Rent(110%) $1,188 $1,364 $1,793 $2,222 $2,431
2021 Stone Harbor, NJ 8247 Low Rent (90%) $954 $1,134 $1,440 $1,863 $1,953
Average Rent $1,060 $1,260 $1,600 $2,070 $2,170
High Rent (110%) $1,166 $1,386 $1,760 $2,277 $2,387
2020 Stone Harbor, NJ 8247 Low Rent (90%) $855 $1,062 $1,314 $1,755 $1,791
Average Rent $950 $1,180 $1,460 $1,950 $1,990
High Rent(110%) $1,045 $1,298 $1,606 $2,145 $2,189
2019 Stone Harbor, NJ 8247 Low Rent (90%) $783 $1,017 $1,224 $1,665 $1,881
Average Rent $870 $1,130 $1,360 $1,850 $2,090
High Rent (110%) $957 $1,243 $1,496 $2,035 $2,299


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