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

Marmora, NJ 8223'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 8223 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 $1,179 to a high of $1,441, with an average of $1,310.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,278, a maximum of $1,562, and an average of $1,420.
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 $2,106, a maximum of $2,574, and an average of $2,340.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,232 to a maximum of $2,728, with an average of $2,480.

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 Marmora, NJ 8223 Low Rent (90%) $1,179 $1,278 $1,674 $2,106 $2,232
Average Rent $1,310 $1,420 $1,860 $2,340 $2,480
High Rent(110%) $1,441 $1,562 $2,046 $2,574 $2,728
2023 Marmora, NJ 8223 Low Rent (90%) $1,107 $1,242 $1,638 $2,034 $2,196
Average Rent $1,230 $1,380 $1,820 $2,260 $2,440
High Rent (110%) $1,353 $1,518 $2,002 $2,486 $2,684
2022 Marmora, NJ 8223 Low Rent (90%) $1,044 $1,197 $1,575 $1,953 $2,133
Average Rent $1,160 $1,330 $1,750 $2,170 $2,370
High Rent(110%) $1,276 $1,463 $1,925 $2,387 $2,607
2021 Marmora, NJ 8223 Low Rent (90%) $981 $1,170 $1,485 $1,926 $2,016
Average Rent $1,090 $1,300 $1,650 $2,140 $2,240
High Rent (110%) $1,199 $1,430 $1,815 $2,354 $2,464
2020 Marmora, NJ 8223 Low Rent (90%) $819 $1,017 $1,251 $1,674 $1,710
Average Rent $910 $1,130 $1,390 $1,860 $1,900
High Rent(110%) $1,001 $1,243 $1,529 $2,046 $2,090
2019 Marmora, NJ 8223 Low Rent (90%) $738 $954 $1,152 $1,566 $1,773
Average Rent $820 $1,060 $1,280 $1,740 $1,970
High Rent (110%) $902 $1,166 $1,408 $1,914 $2,167


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