FMR is below market; voucher rent may lag private rents.
0.12
1 BR
1 BR- 08402
1.01ratio
FMR$1,720
Market$1,700
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.01
2 BR
2 BR- 08402
0.25ratio
FMR$2,080
Market$8,230
vs market-$6,150
FMR is below market; voucher rent may lag private rents.
0.25
3 BR
3 BR- 08402
0.20ratio
FMR$2,820
Market$14,280
vs market-$11,460
FMR is below market; voucher rent may lag private rents.
0.20
4 BR
4 BR- 08402
0.25ratio
FMR$3,120
Market$12,610
vs market-$9,490
FMR is below market; voucher rent may lag private rents.
0.25
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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Margate City, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Margate City, NJ is $2,080 a month. That is down 1.9% from $2,120 in FY 2026. Margate City is in the Atlantic City-Hammonton, NJ HUD Metro FMR Area. 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 $1,899. The median county two-bedroom FMR in New Jersey is $2,233, so Margate City is 7% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Margate City, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,530
$1,510
−1.3%
$1,359–$1,661
1BR
$1,750
$1,720
−1.7%
$1,548–$1,892
2BR
$2,120
$2,080
−1.9%
$1,872–$2,288
3BR
$2,940
$2,820
−4.1%
$2,538–$3,102
4BR
$3,240
$3,120
−3.7%
$2,808–$3,432
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Margate City, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,510
$1,720
$2,080
$2,820
$3,120
FY 2026
$1,530
$1,750
$2,120
$2,940
$3,240
FY 2025
$1,410
$1,600
$1,950
$2,730
$3,010
FY 2024
$1,350
$1,540
$1,920
$2,710
$2,970
FY 2023
$1,220
$1,420
$1,790
$2,530
$2,770
Questions about Margate City, NJ rents
How much will Section 8 pay for a two-bedroom in Margate City, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,899, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,709 to $2,089 a month; under the ZIP-level Small Area FMR of $2,080 it would be $1,872 to $2,288. 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 Margate City, NJ in?
Margate City, NJ is in the Atlantic City-Hammonton, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,899.
How much did fair market rent change in Margate City, NJ for FY 2027?
The two-bedroom FMR fell 1.9%, from $2,120 in FY 2026 to $2,080 in FY 2027. Since FY 2023 it has risen 16.2%.
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