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

Lyons, NJ 7939'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 7939 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 $1,935 to a high of $2,365, with an average of $2,150.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,169, a maximum of $2,651, and an average of $2,410.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,736, peaking at a maximum of $3,344, and averaging at $3,040.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,312, a maximum of $4,048, and an average of $3,680.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,645 to a maximum of $4,455, with an average of $4,050.

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 Lyons, NJ 7939 Low Rent (90%) $1,935 $2,169 $2,736 $3,312 $3,645
Average Rent $2,150 $2,410 $3,040 $3,680 $4,050
High Rent(110%) $2,365 $2,651 $3,344 $4,048 $4,455
2023 Lyons, NJ 7939 Low Rent (90%) $1,629 $1,845 $2,340 $2,844 $3,141
Average Rent $1,810 $2,050 $2,600 $3,160 $3,490
High Rent (110%) $1,991 $2,255 $2,860 $3,476 $3,839
2022 Lyons, NJ 7939 Low Rent (90%) $1,602 $1,827 $2,322 $2,871 $3,195
Average Rent $1,780 $2,030 $2,580 $3,190 $3,550
High Rent(110%) $1,958 $2,233 $2,838 $3,509 $3,905
2021 Lyons, NJ 7939 Low Rent (90%) $1,548 $1,764 $2,259 $2,817 $3,213
Average Rent $1,720 $1,960 $2,510 $3,130 $3,570
High Rent (110%) $1,892 $2,156 $2,761 $3,443 $3,927
2020 Lyons, NJ 7939 Low Rent (90%) $1,557 $1,809 $2,313 $2,907 $3,357
Average Rent $1,730 $2,010 $2,570 $3,230 $3,730
High Rent(110%) $1,903 $2,211 $2,827 $3,553 $4,103
2019 Lyons, NJ 7939 Low Rent (90%) $1,098 $1,296 $1,665 $2,106 $2,484
Average Rent $1,220 $1,440 $1,850 $2,340 $2,760
High Rent (110%) $1,342 $1,584 $2,035 $2,574 $3,036


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