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Gloucester County/Gibbstown/08027

08027

ZIPSAFMR
Gloucester County, NJ
Zillow

ZIP Investment Score

84Below average

095130300
BRFMR
Eff. Rent
0 BR$1,410$1,380
1 BR$1,520$1,560
2 BR$1,820$1,810
3 BR$2,170$2,180
4 BR$2,390$2,410
5 BR$2,749Not available
6 BR$3,161Not available
7 BR$3,635Not available
8 BR$4,180Not available

Purchase Price Calculator

Maximum purchase price
$207,049

Cost breakdown

+Likely effective rent$1,810
HUD FMR$1,820
Market rentUsed$1,810
Est. payment standard (100%)$1,810
-Principal and interest-$1,047
Loan amount$165,639
Down payment$41,410
Rate6.50%
Term30 years
-Operating costs-$563
Property taxes-$207
Insurance-$175
Utilities$0
HOA$0
Management-$181
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,055(70.2% ROI)
Projected value
$222,969
Return breakdown
Property appreciation+$15,920
Loan principal paid down+$5,934
Rental cash flow+$7,200
5-year hold
+$49,791(120.2% ROI)
Projected value
$234,257
Return breakdown
Property appreciation+$27,208
Loan principal paid down+$10,583
Rental cash flow+$12,000
10-year hold
+$107,208(258.9% ROI)
Projected value
$265,040
Return breakdown
Property appreciation+$57,991
Loan principal paid down+$25,217
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.02
1 BR
0.96
2 BR
1.01
3 BR
0.99
4 BR
0.99
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08027 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08027 (Gibbstown, NJ) is $1,820 a month. That is unchanged from FY 2026. Gibbstown 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, 08027 has the 23rd-highest two-bedroom rent (county range $1,550–$2,360). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08027 is 18% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08027
BedroomsFY 2027Change90–110% range
Studio$1,410+0.7%$1,269–$1,551
1BR$1,520−0.7%$1,368–$1,672
2BR$1,8200.0%$1,638–$2,002
3BR$2,170−0.5%$1,953–$2,387
4BR$2,390−2.0%$2,151–$2,629

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08027
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,410$1,520$1,820$2,170$2,390
FY 2026$1,400$1,530$1,820$2,180$2,440
FY 2025$1,380$1,520$1,810$2,180$2,480
FY 2024$1,250$1,400$1,670$2,020$2,330
FY 2023$1,020$1,150$1,390$1,690$1,970

Two-bedroom rent in nearby Gloucester County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08027
08012$2,030+11.5%
08014$2,130+17.0%
08020$2,060+13.2%
08025$1,970+8.2%
08027Current$1,820—
08028$2,090+14.8%
08032$2,070+13.7%
08039$1,920+5.5%
08051$2,220+22.0%
08056$1,880+3.3%
08061$1,910+4.9%
08062$1,560−14.3%

Questions about ZIP 08027 rents

How much will Section 8 pay for a two-bedroom in ZIP 08027?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,820, that basic range is $1,638 to $2,002 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 08027 in?

ZIP 08027 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 08027 for FY 2027?

The two-bedroom FMR was unchanged at $1,820 in FY 2027. Since FY 2023 it has risen 30.9%.

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

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