FMR is below market; voucher rent may lag private rents.
0.83
1 BR
1 BR- 08083
0.85ratio
FMR$1,290
Market$1,520
vs market-$230
FMR is below market; voucher rent may lag private rents.
0.85
2 BR
2 BR- 08083
0.75ratio
FMR$1,540
Market$2,040
vs market-$500
FMR is below market; voucher rent may lag private rents.
0.75
3 BR
3 BR- 08083
0.68ratio
FMR$1,830
Market$2,700
vs market-$870
FMR is below market; voucher rent may lag private rents.
0.68
4 BR
4 BR- 08083
0.67ratio
FMR$2,020
Market$3,030
vs market-$1,010
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
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Somerdale, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Somerdale, NJ is $1,540 a month. That is down 2.5% from $1,580 in FY 2026. Somerdale 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 Somerdale is 31% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Somerdale, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,220
$1,190
−2.5%
$1,071–$1,309
1BR
$1,330
$1,290
−3.0%
$1,161–$1,419
2BR
$1,580
$1,540
−2.5%
$1,386–$1,694
3BR
$1,890
$1,830
−3.2%
$1,647–$2,013
4BR
$2,120
$2,020
−4.7%
$1,818–$2,222
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Somerdale, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,190
$1,290
$1,540
$1,830
$2,020
FY 2026
$1,220
$1,330
$1,580
$1,890
$2,120
FY 2025
$1,230
$1,360
$1,620
$1,950
$2,220
FY 2024
$1,160
$1,290
$1,540
$1,860
$2,150
FY 2023
$950
$1,070
$1,290
$1,570
$1,820
Questions about Somerdale, NJ rents
How much will Section 8 pay for a two-bedroom in Somerdale, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,540, that basic range is $1,386 to $1,694 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 Somerdale, NJ in?
Somerdale, 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 Somerdale, NJ for FY 2027?
The two-bedroom FMR fell 2.5%, from $1,580 in FY 2026 to $1,540 in FY 2027. Since FY 2023 it has risen 19.4%.
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