FMR is below market; voucher rent may lag private rents.
0.83
1 BR
1 BR- 08079
0.94ratio
FMR$1,220
Market$1,300
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.94
2 BR
2 BR- 08079
1.04ratio
FMR$1,460
Market$1,410
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.04
3 BR
3 BR- 08079
0.98ratio
FMR$1,740
Market$1,770
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR- 08079
1.05ratio
FMR$1,920
Market$1,830
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.05
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
--
Salem, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Salem, NJ is $1,460 a month. That is unchanged from FY 2026. Salem 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 Salem is 35% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Salem, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,130
$1,130
0.0%
$1,017–$1,243
1BR
$1,230
$1,220
−0.8%
$1,098–$1,342
2BR
$1,460
$1,460
0.0%
$1,314–$1,606
3BR
$1,750
$1,740
−0.6%
$1,566–$1,914
4BR
$1,950
$1,920
−1.5%
$1,728–$2,112
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Salem, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,130
$1,220
$1,460
$1,740
$1,920
FY 2026
$1,130
$1,230
$1,460
$1,750
$1,950
FY 2025
$1,130
$1,240
$1,480
$1,780
$2,030
FY 2024
$1,100
$1,230
$1,470
$1,780
$2,050
FY 2023
$940
$1,060
$1,280
$1,560
$1,810
Questions about Salem, NJ rents
How much will Section 8 pay for a two-bedroom in Salem, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,460, that basic range is $1,314 to $1,606 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 Salem, NJ in?
Salem, 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 Salem, NJ for FY 2027?
The two-bedroom FMR was unchanged at $1,460 in FY 2027. Since FY 2023 it has risen 14.1%.
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