FMR is below market; voucher rent may lag private rents.
0.87
1 BR
1 BR- 08518
0.78ratio
FMR$1,380
Market$1,780
vs market-$400
FMR is below market; voucher rent may lag private rents.
0.78
2 BR
2 BR- 08518
0.73ratio
FMR$1,650
Market$2,250
vs market-$600
FMR is below market; voucher rent may lag private rents.
0.73
3 BR
3 BR- 08518
0.77ratio
FMR$1,970
Market$2,550
vs market-$580
FMR is below market; voucher rent may lag private rents.
0.77
4 BR
4 BR- 08518
0.68ratio
FMR$2,170
Market$3,210
vs market-$1,040
FMR is below market; voucher rent may lag private rents.
0.68
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Florence, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Florence, NJ is $1,650 a month. That is up 3.1% from $1,600 in FY 2026. Florence is in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in New Jersey is $2,233, so Florence is 26% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Florence, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,230
$1,280
+4.1%
$1,152–$1,408
1BR
$1,340
$1,380
+3.0%
$1,242–$1,518
2BR
$1,600
$1,650
+3.1%
$1,485–$1,815
3BR
$1,920
$1,970
+2.6%
$1,773–$2,167
4BR
$2,140
$2,170
+1.4%
$1,953–$2,387
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Florence, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,280
$1,380
$1,650
$1,970
$2,170
FY 2026
$1,230
$1,340
$1,600
$1,920
$2,140
FY 2025
$1,230
$1,360
$1,620
$1,950
$2,220
FY 2024
$1,190
$1,320
$1,580
$1,910
$2,200
FY 2023
$1,000
$1,130
$1,360
$1,660
$1,920
Questions about Florence, NJ rents
How much will Section 8 pay for a two-bedroom in Florence, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,650, that basic range is $1,485 to $1,815 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Florence, NJ in?
Florence, NJ is in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Florence, NJ for FY 2027?
The two-bedroom FMR rose 3.1%, from $1,600 in FY 2026 to $1,650 in FY 2027. Since FY 2023 it has risen 21.3%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set