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

Lincoln Park, NJ 7035'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 7035 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 $1,449 to a high of $1,771, with an average of $1,610.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,674, a maximum of $2,046, and an average of $1,860.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,016, peaking at a maximum of $2,464, and averaging at $2,240.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,547, a maximum of $3,113, and an average of $2,830.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,943 to a maximum of $3,597, with an average of $3,270.

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 Lincoln Park, NJ 7035 Low Rent (90%) $1,449 $1,674 $2,016 $2,547 $2,943
Average Rent $1,610 $1,860 $2,240 $2,830 $3,270
High Rent(110%) $1,771 $2,046 $2,464 $3,113 $3,597
2023 Lincoln Park, NJ 7035 Low Rent (90%) $1,242 $1,467 $1,764 $2,241 $2,628
Average Rent $1,380 $1,630 $1,960 $2,490 $2,920
High Rent (110%) $1,518 $1,793 $2,156 $2,739 $3,212
2022 Lincoln Park, NJ 7035 Low Rent (90%) $1,179 $1,413 $1,710 $2,187 $2,601
Average Rent $1,310 $1,570 $1,900 $2,430 $2,890
High Rent(110%) $1,441 $1,727 $2,090 $2,673 $3,179
2021 Lincoln Park, NJ 7035 Low Rent (90%) $1,305 $1,566 $1,899 $2,421 $2,889
Average Rent $1,450 $1,740 $2,110 $2,690 $3,210
High Rent (110%) $1,595 $1,914 $2,321 $2,959 $3,531
2020 Lincoln Park, NJ 7035 Low Rent (90%) $1,215 $1,431 $1,746 $2,223 $2,628
Average Rent $1,350 $1,590 $1,940 $2,470 $2,920
High Rent(110%) $1,485 $1,749 $2,134 $2,717 $3,212
2019 Lincoln Park, NJ 7035 Low Rent (90%) $1,215 $1,386 $1,692 $2,160 $2,520
Average Rent $1,350 $1,540 $1,880 $2,400 $2,800
High Rent (110%) $1,485 $1,694 $2,068 $2,640 $3,080


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