FMR is near market; voucher and private rents are aligned.
0.98
1 BR
1 BR- 08110
0.77ratio
FMR$1,360
Market$1,760
vs market-$400
FMR is below market; voucher rent may lag private rents.
0.77
2 BR
2 BR- 08110
0.81ratio
FMR$1,620
Market$1,990
vs market-$370
FMR is below market; voucher rent may lag private rents.
0.81
3 BR
3 BR- 08110
0.77ratio
FMR$1,930
Market$2,520
vs market-$590
FMR is below market; voucher rent may lag private rents.
0.77
4 BR
4 BR- 08110
0.71ratio
FMR$2,130
Market$3,020
vs market-$890
FMR is below market; voucher rent may lag private rents.
0.71
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
--
Pennsauken, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Pennsauken, NJ is $1,620 a month. That is up 1.9% from $1,590 in FY 2026. Pennsauken 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 Pennsauken is 27% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Pennsauken, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,230
$1,250
+1.6%
$1,125–$1,375
1BR
$1,340
$1,360
+1.5%
$1,224–$1,496
2BR
$1,590
$1,620
+1.9%
$1,458–$1,782
3BR
$1,910
$1,930
+1.0%
$1,737–$2,123
4BR
$2,130
$2,130
0.0%
$1,917–$2,343
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Pennsauken, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,250
$1,360
$1,620
$1,930
$2,130
FY 2026
$1,230
$1,340
$1,590
$1,910
$2,130
FY 2025
$1,230
$1,350
$1,610
$1,940
$2,210
FY 2024
$1,220
$1,360
$1,630
$1,970
$2,270
FY 2023
$1,040
$1,170
$1,410
$1,720
$1,990
Questions about Pennsauken, NJ rents
How much will Section 8 pay for a two-bedroom in Pennsauken, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,620, that basic range is $1,458 to $1,782 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 Pennsauken, NJ in?
Pennsauken, 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 Pennsauken, NJ for FY 2027?
The two-bedroom FMR rose 1.9%, from $1,590 in FY 2026 to $1,620 in FY 2027. Since FY 2023 it has risen 14.9%.
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