FMR is near market; voucher and private rents are aligned.
0.96
1 BR
1 BR- 08049
0.91ratio
FMR$1,370
Market$1,510
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.91
2 BR
2 BR- 08049
0.82ratio
FMR$1,640
Market$2,000
vs market-$360
FMR is below market; voucher rent may lag private rents.
0.82
3 BR
3 BR- 08049
0.70ratio
FMR$1,950
Market$2,780
vs market-$830
FMR is below market; voucher rent may lag private rents.
0.70
4 BR
4 BR- 08049
0.66ratio
FMR$2,160
Market$3,260
vs market-$1,100
FMR is below market; voucher rent may lag private rents.
0.66
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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Magnolia, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Magnolia, NJ is $1,640 a month. That is up 4.5% from $1,570 in FY 2026. Magnolia 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 Magnolia is 27% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Magnolia, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,210
$1,270
+5.0%
$1,143–$1,397
1BR
$1,320
$1,370
+3.8%
$1,233–$1,507
2BR
$1,570
$1,640
+4.5%
$1,476–$1,804
3BR
$1,880
$1,950
+3.7%
$1,755–$2,145
4BR
$2,100
$2,160
+2.9%
$1,944–$2,376
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Magnolia, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,270
$1,370
$1,640
$1,950
$2,160
FY 2026
$1,210
$1,320
$1,570
$1,880
$2,100
FY 2025
$1,200
$1,320
$1,570
$1,890
$2,150
FY 2024
$1,160
$1,290
$1,540
$1,860
$2,150
FY 2023
$930
$1,050
$1,270
$1,550
$1,800
Questions about Magnolia, NJ rents
How much will Section 8 pay for a two-bedroom in Magnolia, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,640, that basic range is $1,476 to $1,804 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 Magnolia, NJ in?
Magnolia, 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 Magnolia, NJ for FY 2027?
The two-bedroom FMR rose 4.5%, from $1,570 in FY 2026 to $1,640 in FY 2027. Since FY 2023 it has risen 29.1%.
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