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

Cookstown, NJ 08511'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 08511 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 $918 to a high of $1,122, with an average of $1,020.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,026, a maximum of $1,254, and an average of $1,140.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,224, peaking at a maximum of $1,496, and averaging at $1,360.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,476, a maximum of $1,804, and an average of $1,640.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,710 to a maximum of $2,090, with an average of $1,900.

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 Cookstown, NJ 8511 Low Rent (90%) $918 $1,026 $1,224 $1,476 $1,710
Average Rent $1,020 $1,140 $1,360 $1,640 $1,900
High Rent(110%) $1,122 $1,254 $1,496 $1,804 $2,090
2023 Cookstown, NJ 8511 Low Rent (90%) $765 $855 $1,035 $1,260 $1,467
Average Rent $850 $950 $1,150 $1,400 $1,630
High Rent (110%) $935 $1,045 $1,265 $1,540 $1,793
2022 Cookstown, NJ 8511 Low Rent (90%) $666 $756 $918 $1,134 $1,296
Average Rent $740 $840 $1,020 $1,260 $1,440
High Rent(110%) $814 $924 $1,122 $1,386 $1,584
2021 Cookstown, NJ 8511 Low Rent (90%) $639 $747 $900 $1,116 $1,287
Average Rent $710 $830 $1,000 $1,240 $1,430
High Rent (110%) $781 $913 $1,100 $1,364 $1,573
2020 Cookstown, NJ 8511 Low Rent (90%) $693 $810 $981 $1,224 $1,404
Average Rent $770 $900 $1,090 $1,360 $1,560
High Rent(110%) $847 $990 $1,199 $1,496 $1,716
2019 Cookstown, NJ 8511 Low Rent (90%) $747 $882 $1,062 $1,332 $1,521
Average Rent $830 $980 $1,180 $1,480 $1,690
High Rent (110%) $913 $1,078 $1,298 $1,628 $1,859


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