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Fortescue, NJ

CitySAFMR
Cumberland County
Found 1 ZIP

City Median Investment Score

149High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,520$1,520
1 BR$1,670$1,670
2 BR$2,010$2,010
3 BR$2,780$2,780
4 BR$2,920$2,920
5 BR$3,358Not available
6 BR$3,862Not available
7 BR$4,441Not available
8 BR$5,107Not available

Purchase Price Calculator

Maximum purchase price
$236,769

Cost breakdown

+Likely effective rent$2,010
HUD FMRUsed$2,010
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,197
Loan amount$189,415
Down payment$47,354
Rate6.50%
Term30 years
-Operating costs-$613
Property taxes-$237
Insurance-$175
Utilities$0
HOA$0
Management-$201
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,192(68.0% ROI)
Projected value
$254,974
Return breakdown
Property appreciation+$18,205
Loan principal paid down+$6,786
Rental cash flow+$7,200
5-year hold
+$55,215(116.6% ROI)
Projected value
$267,882
Return breakdown
Property appreciation+$31,113
Loan principal paid down+$12,102
Rental cash flow+$12,000
10-year hold
+$119,152(251.6% ROI)
Projected value
$303,084
Return breakdown
Property appreciation+$66,315
Loan principal paid down+$28,836
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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Fortescue, NJ fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Fortescue, NJ is $2,010 a month. That is up 3.6% from $1,940 in FY 2026. Fortescue is in the Vineland, NJ MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,704. The median county two-bedroom FMR in New Jersey is $2,233, so Fortescue is 10% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Fortescue, NJ
BedroomsFY 2027Change90–110% range
Studio$1,520+2.0%$1,368–$1,672
1BR$1,670+4.4%$1,503–$1,837
2BR$2,010+3.6%$1,809–$2,211
3BR$2,780+4.1%$2,502–$3,058
4BR$2,920+9.0%$2,628–$3,212

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Fortescue, NJ
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,520$1,670$2,010$2,780$2,920
FY 2026$1,490$1,600$1,940$2,670$2,680
FY 2025$1,380$1,450$1,810$2,470$2,490
FY 2024$1,280$1,310$1,660$2,200$2,270
FY 2023$940$980$1,260$1,660$1,830

Questions about Fortescue, NJ rents

How much will Section 8 pay for a two-bedroom in Fortescue, NJ?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,704, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,534 to $1,874 a month; under the ZIP-level Small Area FMR of $2,010 it would be $1,809 to $2,211. 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 Fortescue, NJ in?

Fortescue, NJ is in the Vineland, NJ MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,704.

How much did fair market rent change in Fortescue, NJ for FY 2027?

The two-bedroom FMR rose 3.6%, from $1,940 in FY 2026 to $2,010 in FY 2027. Since FY 2023 it has risen 59.5%.

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