FMR is below market; voucher rent may lag private rents.
0.51
1 BR
1 BR- 08244
0.69ratio
FMR$1,480
Market$2,140
vs market-$660
FMR is below market; voucher rent may lag private rents.
0.69
2 BR
2 BR- 08244
0.71ratio
FMR$1,790
Market$2,510
vs market-$720
FMR is below market; voucher rent may lag private rents.
0.71
3 BR
3 BR- 08244
0.83ratio
FMR$2,430
Market$2,920
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.83
4 BR
4 BR- 08244
0.65ratio
FMR$2,690
Market$4,110
vs market-$1,420
FMR is below market; voucher rent may lag private rents.
0.65
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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Somers Point, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Somers Point, NJ is $1,790 a month. That is up 1.7% from $1,760 in FY 2026. Somers Point is in the Atlantic City-Hammonton, NJ HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,899. The median county two-bedroom FMR in New Jersey is $2,233, so Somers Point is 20% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Somers Point, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,270
$1,300
+2.4%
$1,170–$1,430
1BR
$1,450
$1,480
+2.1%
$1,332–$1,628
2BR
$1,760
$1,790
+1.7%
$1,611–$1,969
3BR
$2,440
$2,430
−0.4%
$2,187–$2,673
4BR
$2,690
$2,690
0.0%
$2,421–$2,959
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Somers Point, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,300
$1,480
$1,790
$2,430
$2,690
FY 2026
$1,270
$1,450
$1,760
$2,440
$2,690
FY 2025
$1,180
$1,340
$1,630
$2,280
$2,520
FY 2024
$1,140
$1,300
$1,620
$2,280
$2,510
FY 2023
$1,050
$1,220
$1,540
$2,180
$2,380
Questions about Somers Point, NJ rents
How much will Section 8 pay for a two-bedroom in Somers Point, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,899, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,709 to $2,089 a month; under the ZIP-level Small Area FMR of $1,790 it would be $1,611 to $1,969. 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 Somers Point, NJ in?
Somers Point, NJ is in the Atlantic City-Hammonton, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,899.
How much did fair market rent change in Somers Point, NJ for FY 2027?
The two-bedroom FMR rose 1.7%, from $1,760 in FY 2026 to $1,790 in FY 2027. Since FY 2023 it has risen 16.2%.
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