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NJ/Salem County/Pedricktown

Pedricktown, NJ

CitySAFMR
Salem County
Found 1 ZIP

City Median Investment Score

103Above average

095130300
BRFMR
Eff. Rent
0 BR$1,770$1,730
1 BR$1,920$1,740
2 BR$2,290$2,040
3 BR$2,730$2,440
4 BR$3,010$2,850
5 BR$3,461Not available
6 BR$3,981Not available
7 BR$4,578Not available
8 BR$5,265Not available

Purchase Price Calculator

Maximum purchase price
$241,227

Cost breakdown

+Likely effective rent$2,040
HUD FMR$2,290
Market rentUsed$2,040
Est. payment standard (93%)$2,130
-Principal and interest-$1,220
Loan amount$192,981
Down payment$48,245
Rate6.50%
Term30 years
-Operating costs-$620
Property taxes-$241
Insurance-$175
Utilities$0
HOA$0
Management-$204
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,662(67.7% ROI)
Projected value
$259,775
Return breakdown
Property appreciation+$18,548
Loan principal paid down+$6,914
Rental cash flow+$7,200
5-year hold
+$56,029(116.1% ROI)
Projected value
$272,926
Return breakdown
Property appreciation+$31,699
Loan principal paid down+$12,330
Rental cash flow+$12,000
10-year hold
+$120,943(250.7% ROI)
Projected value
$308,791
Return breakdown
Property appreciation+$67,564
Loan principal paid down+$29,379
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.02
1 BR
1.10
2 BR
1.12
3 BR
1.12
4 BR
1.06
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Pedricktown, NJ fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Pedricktown, NJ is $2,290 a month. That is up 5.5% from $2,170 in FY 2026. Pedricktown 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 Pedricktown is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Pedricktown, NJ
BedroomsFY 2027Change90–110% range
Studio$1,770+6.0%$1,593–$1,947
1BR$1,920+5.5%$1,728–$2,112
2BR$2,290+5.5%$2,061–$2,519
3BR$2,730+5.0%$2,457–$3,003
4BR$3,010+3.8%$2,709–$3,311

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Pedricktown, NJ
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,770$1,920$2,290$2,730$3,010
FY 2026$1,670$1,820$2,170$2,600$2,900
FY 2025$1,630$1,800$2,140$2,580$2,930
FY 2024$1,560$1,740$2,080$2,510$2,900
FY 2023$1,260$1,420$1,710$2,080$2,420

Questions about Pedricktown, NJ rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,290, that basic range is $2,061 to $2,519 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 Pedricktown, NJ in?

Pedricktown, 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 Pedricktown, NJ for FY 2027?

The two-bedroom FMR rose 5.5%, from $2,170 in FY 2026 to $2,290 in FY 2027. Since FY 2023 it has risen 33.9%.

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