FMR is below market; voucher rent may lag private rents.
0.59
1 BR
1 BR- 08089
0.76ratio
FMR$1,520
Market$2,000
vs market-$480
FMR is below market; voucher rent may lag private rents.
0.76
2 BR
2 BR- 08089
0.76ratio
FMR$1,830
Market$2,420
vs market-$590
FMR is below market; voucher rent may lag private rents.
0.76
3 BR
3 BR- 08089
0.85ratio
FMR$2,370
Market$2,790
vs market-$420
FMR is below market; voucher rent may lag private rents.
0.85
4 BR
4 BR- 08089
0.83ratio
FMR$2,620
Market$3,140
vs market-$520
FMR is below market; voucher rent may lag private rents.
0.83
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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Waterford Works, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Waterford Works, NJ is $1,830 a month. That is up 1.7% from $1,800 in FY 2026. Waterford Works 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 Waterford Works is 18% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Waterford Works, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,390
$1,360
−2.2%
$1,224–$1,496
1BR
$1,510
$1,520
+0.7%
$1,368–$1,672
2BR
$1,800
$1,830
+1.7%
$1,647–$2,013
3BR
$2,160
$2,370
+9.7%
$2,133–$2,607
4BR
$2,410
$2,620
+8.7%
$2,358–$2,882
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Waterford Works, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,360
$1,520
$1,830
$2,370
$2,620
FY 2026
$1,390
$1,510
$1,800
$2,160
$2,410
FY 2025
$1,400
$1,540
$1,840
$2,220
$2,520
FY 2024
$1,250
$1,400
$1,670
$2,020
$2,330
FY 2023
$1,000
$1,130
$1,360
$1,660
$1,920
Questions about Waterford Works, NJ rents
How much will Section 8 pay for a two-bedroom in Waterford Works, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,830, that basic range is $1,647 to $2,013 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 Waterford Works, NJ in?
Waterford Works, 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 Waterford Works, NJ for FY 2027?
The two-bedroom FMR rose 1.7%, from $1,800 in FY 2026 to $1,830 in FY 2027. Since FY 2023 it has risen 34.6%.
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