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

Avon By The Sea, NJ 7717'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 7717 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 $1,206 to a high of $1,474, with an average of $1,340.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,350, a maximum of $1,650, and an average of $1,500.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,674, peaking at a maximum of $2,046, and averaging at $1,860.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,277, a maximum of $2,783, and an average of $2,530.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,538 to a maximum of $3,102, with an average of $2,820.

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 Avon By The Sea, NJ 7717 Low Rent (90%) $1,206 $1,350 $1,674 $2,277 $2,538
Average Rent $1,340 $1,500 $1,860 $2,530 $2,820
High Rent(110%) $1,474 $1,650 $2,046 $2,783 $3,102
2023 Avon By The Sea, NJ 7717 Low Rent (90%) $1,044 $1,161 $1,458 $1,998 $2,223
Average Rent $1,160 $1,290 $1,620 $2,220 $2,470
High Rent (110%) $1,276 $1,419 $1,782 $2,442 $2,717
2022 Avon By The Sea, NJ 7717 Low Rent (90%) $1,044 $1,170 $1,485 $2,043 $2,259
Average Rent $1,160 $1,300 $1,650 $2,270 $2,510
High Rent(110%) $1,276 $1,430 $1,815 $2,497 $2,761
2021 Avon By The Sea, NJ 7717 Low Rent (90%) $1,089 $1,251 $1,602 $2,205 $2,448
Average Rent $1,210 $1,390 $1,780 $2,450 $2,720
High Rent (110%) $1,331 $1,529 $1,958 $2,695 $2,992
2020 Avon By The Sea, NJ 7717 Low Rent (90%) $1,053 $1,233 $1,593 $2,187 $2,448
Average Rent $1,170 $1,370 $1,770 $2,430 $2,720
High Rent(110%) $1,287 $1,507 $1,947 $2,673 $2,992
2019 Avon By The Sea, NJ 7717 Low Rent (90%) $891 $1,062 $1,386 $1,890 $2,142
Average Rent $990 $1,180 $1,540 $2,100 $2,380
High Rent (110%) $1,089 $1,298 $1,694 $2,310 $2,618


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