FMR is below market; voucher rent may lag private rents.
0.76
1 BR
1 BR- 08224
0.85ratio
FMR$1,830
Market$2,150
vs market-$320
FMR is below market; voucher rent may lag private rents.
0.85
2 BR
2 BR- 08224
0.99ratio
FMR$2,250
Market$2,280
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.99
3 BR
3 BR- 08224
1.14ratio
FMR$2,910
Market$2,560
vs market+$350
FMR is above market; underwrite to market rent.
1.14
4 BR
4 BR- 08224
1.19ratio
FMR$3,220
Market$2,710
vs market+$510
FMR is above market; underwrite to market rent.
1.19
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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New Gretna, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in New Gretna, NJ is $2,250 a month. That is down 1.7% from $2,290 in FY 2026. New Gretna 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.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for New Gretna, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,650
$1,650
0.0%
$1,485–$1,815
1BR
$1,860
$1,830
−1.6%
$1,647–$2,013
2BR
$2,290
$2,250
−1.7%
$2,025–$2,475
3BR
$3,010
$2,910
−3.3%
$2,619–$3,201
4BR
$3,340
$3,220
−3.6%
$2,898–$3,542
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for New Gretna, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,650
$1,830
$2,250
$2,910
$3,220
FY 2026
$1,650
$1,860
$2,290
$3,010
$3,340
FY 2025
$1,450
$1,640
$2,020
$2,690
$3,000
FY 2024
$1,240
$1,380
$1,650
$2,000
$2,300
FY 2023
$1,020
$1,150
$1,390
$1,740
$1,970
Questions about New Gretna, NJ rents
How much will Section 8 pay for a two-bedroom in New Gretna, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,250, that basic range is $2,025 to $2,475 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 New Gretna, NJ in?
New Gretna, 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 New Gretna, NJ for FY 2027?
The two-bedroom FMR fell 1.7%, from $2,290 in FY 2026 to $2,250 in FY 2027. Since FY 2023 it has risen 61.9%.
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