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Camden County/Barrington/08007

08007

ZIPSAFMR
Camden County, NJ
Zillow

ZIP Investment Score

41Below average

095130300
BRFMR
Eff. Rent
0 BR$1,070$1,180
1 BR$1,160$1,280
2 BR$1,380$1,520
3 BR$1,640$1,800
4 BR$1,810$1,990
5 BR$2,082Not available
6 BR$2,394Not available
7 BR$2,753Not available
8 BR$3,166Not available

Purchase Price Calculator

Maximum purchase price
$163,955

Cost breakdown

+Likely effective rent$1,520
HUD FMR$1,380
Market rent$1,910
Est. payment standard (110%)Used$1,520
-Principal and interest-$829
Loan amount$131,164
Down payment$32,791
Rate6.50%
Term30 years
-Operating costs-$491
Property taxes-$164
Insurance-$175
Utilities$0
HOA$0
Management-$152
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,506(74.7% ROI)
Projected value
$176,561
Return breakdown
Property appreciation+$12,607
Loan principal paid down+$4,699
Rental cash flow+$7,200
5-year hold
+$41,925(127.9% ROI)
Projected value
$185,500
Return breakdown
Property appreciation+$21,545
Loan principal paid down+$8,380
Rental cash flow+$12,000
10-year hold
+$89,889(274.1% ROI)
Projected value
$209,876
Return breakdown
Property appreciation+$45,921
Loan principal paid down+$19,968
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.85
1 BR
0.81
2 BR
0.72
3 BR
0.63
4 BR
0.55
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08007 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08007 (Barrington, NJ) is $1,380 a month. That is down 6.8% from $1,480 in FY 2026. Barrington 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. Among 41 ZIP codes in Camden County, 08007 has the 41st-highest two-bedroom rent (county range $1,380–$2,670). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08007 is 38% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08007
BedroomsFY 2027Change90–110% range
Studio$1,070−6.1%$963–$1,177
1BR$1,160−6.5%$1,044–$1,276
2BR$1,380−6.8%$1,242–$1,518
3BR$1,640−7.3%$1,476–$1,804
4BR$1,810−8.6%$1,629–$1,991

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08007
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,070$1,160$1,380$1,640$1,810
FY 2026$1,140$1,240$1,480$1,770$1,980
FY 2025$1,140$1,260$1,500$1,810$2,050
FY 2024$1,070$1,190$1,420$1,720$1,980
FY 2023$850$950$1,150$1,400$1,630

Two-bedroom rent in nearby Camden County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08007
08002$2,470+79.0%
08003$2,500+81.2%
08004$2,100+52.2%
08007Current$1,380—
08009$1,840+33.3%
08012$2,030+47.1%
08018$1,780+29.0%
08021$1,930+39.9%
08026$2,130+54.3%
08029$1,650+19.6%
08030$1,970+42.8%
08031$1,500+8.7%

Questions about ZIP 08007 rents

How much will Section 8 pay for a two-bedroom in ZIP 08007?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,380, that basic range is $1,242 to $1,518 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 ZIP 08007 in?

ZIP 08007 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 ZIP 08007 for FY 2027?

The two-bedroom FMR fell 6.8%, from $1,480 in FY 2026 to $1,380 in FY 2027. Since FY 2023 it has risen 20.0%.

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

County fair market rentBarrington, NJ fair market rentNJ statewide rentsWhat is SAFMR?Data sources