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

Hackensack, NJ 7601'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 7601 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 $1,395 to a high of $1,705, with an average of $1,550.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,647, a maximum of $2,013, and an average of $1,830.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,890, peaking at a maximum of $2,310, and averaging at $2,100.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,340, a maximum of $2,860, and an average of $2,600.
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 Hackensack, NJ 7601 Low Rent (90%) $1,395 $1,647 $1,890 $2,340 $2,943
Average Rent $1,550 $1,830 $2,100 $2,600 $3,270
High Rent(110%) $1,705 $2,013 $2,310 $2,860 $3,597
2023 Hackensack, NJ 7601 Low Rent (90%) $1,341 $1,602 $1,863 $2,313 $2,907
Average Rent $1,490 $1,780 $2,070 $2,570 $3,230
High Rent (110%) $1,639 $1,958 $2,277 $2,827 $3,553
2022 Hackensack, NJ 7601 Low Rent (90%) $1,242 $1,485 $1,746 $2,169 $2,709
Average Rent $1,380 $1,650 $1,940 $2,410 $3,010
High Rent(110%) $1,518 $1,815 $2,134 $2,651 $3,311
2021 Hackensack, NJ 7601 Low Rent (90%) $1,242 $1,494 $1,755 $2,187 $2,700
Average Rent $1,380 $1,660 $1,950 $2,430 $3,000
High Rent (110%) $1,518 $1,826 $2,145 $2,673 $3,300
2020 Hackensack, NJ 7601 Low Rent (90%) $1,152 $1,377 $1,620 $2,016 $2,475
Average Rent $1,280 $1,530 $1,800 $2,240 $2,750
High Rent(110%) $1,408 $1,683 $1,980 $2,464 $3,025
2019 Hackensack, NJ 7601 Low Rent (90%) $1,143 $1,359 $1,593 $2,007 $2,439
Average Rent $1,270 $1,510 $1,770 $2,230 $2,710
High Rent (110%) $1,397 $1,661 $1,947 $2,453 $2,981


Discover Section 8 FMR by zip code