FMR is below market; voucher rent may lag private rents.
0.72
1 BR
1 BR
0.89ratio
FMR$1,650
Market$1,850
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.89
2 BR
2 BR
0.95ratio
FMR$1,970
Market$2,070
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.95
3 BR
3 BR
0.97ratio
FMR$2,350
Market$2,420
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.97
4 BR
4 BR
0.90ratio
FMR$2,590
Market$2,890
vs market-$300
FMR is below market; voucher rent may lag private rents.
0.90
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
--
ZIP 08025 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08025 (Ewan, NJ) is $1,970 a month. That is up 1.5% from $1,940 in FY 2026. Ewan 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 32 ZIP codes in Gloucester County, 08025 has the 15th-highest two-bedroom rent (county range $1,550–$2,360). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08025 is 12% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 08025
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,500
$1,520
+1.3%
$1,368–$1,672
1BR
$1,630
$1,650
+1.2%
$1,485–$1,815
2BR
$1,940
$1,970
+1.5%
$1,773–$2,167
3BR
$2,330
$2,350
+0.9%
$2,115–$2,585
4BR
$2,600
$2,590
−0.4%
$2,331–$2,849
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 08025
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,520
$1,650
$1,970
$2,350
$2,590
FY 2026
$1,500
$1,630
$1,940
$2,330
$2,600
FY 2025
$1,480
$1,630
$1,940
$2,340
$2,660
FY 2024
$1,410
$1,570
$1,880
$2,270
$2,620
FY 2023
$1,170
$1,320
$1,590
$1,940
$2,250
Two-bedroom rent in nearby Gloucester County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 08025?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,970, that basic range is $1,773 to $2,167 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 08025 in?
ZIP 08025 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 08025 for FY 2027?
The two-bedroom FMR rose 1.5%, from $1,940 in FY 2026 to $1,970 in FY 2027. Since FY 2023 it has risen 23.9%.
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