FMR is below market; voucher rent may lag private rents.
0.88
1 BR
1 BR- 08055
0.85ratio
FMR$1,620
Market$1,910
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.85
2 BR
2 BR- 08055
0.79ratio
FMR$1,940
Market$2,460
vs market-$520
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR- 08055
0.74ratio
FMR$2,310
Market$3,110
vs market-$800
FMR is below market; voucher rent may lag private rents.
0.74
4 BR
4 BR- 08055
0.67ratio
FMR$2,550
Market$3,810
vs market-$1,260
FMR is below market; voucher rent may lag private rents.
0.67
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
--
Medford, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Medford, NJ is $1,940 a month. That is down 0.5% from $1,950 in FY 2026. Medford 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 Medford is 13% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Medford, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,500
$1,500
0.0%
$1,350–$1,650
1BR
$1,640
$1,620
−1.2%
$1,458–$1,782
2BR
$1,950
$1,940
−0.5%
$1,746–$2,134
3BR
$2,340
$2,310
−1.3%
$2,079–$2,541
4BR
$2,610
$2,550
−2.3%
$2,295–$2,805
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Medford, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,500
$1,620
$1,940
$2,310
$2,550
FY 2026
$1,500
$1,640
$1,950
$2,340
$2,610
FY 2025
$1,560
$1,720
$2,050
$2,470
$2,810
FY 2024
$1,550
$1,720
$2,060
$2,490
$2,870
FY 2023
$1,320
$1,490
$1,800
$2,190
$2,550
Questions about Medford, NJ rents
How much will Section 8 pay for a two-bedroom in Medford, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,940, that basic range is $1,746 to $2,134 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 Medford, NJ in?
Medford, 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 Medford, NJ for FY 2027?
The two-bedroom FMR fell 0.5%, from $1,950 in FY 2026 to $1,940 in FY 2027. Since FY 2023 it has risen 7.8%.
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