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Gloucester County/Grenloch/08032

08032

ZIPSAFMR
Gloucester County, NJ
Zillow

ZIP Investment Score

88Below average

095130300
BRFMR
Eff. Rent
0 BR$1,600$1,600
1 BR$1,730$1,670
2 BR$2,070$2,140
3 BR$2,470$2,530
4 BR$2,720$2,990
5 BR$3,128Not available
6 BR$3,597Not available
7 BR$4,137Not available
8 BR$4,757Not available

Purchase Price Calculator

Maximum purchase price
$256,087

Cost breakdown

+Likely effective rent$2,140
HUD FMR$2,070
Market rent$2,180
Est. payment standard (103%)Used$2,140
-Principal and interest-$1,295
Loan amount$204,869
Down payment$51,217
Rate6.50%
Term30 years
-Operating costs-$645
Property taxes-$256
Insurance-$175
Utilities$0
HOA$0
Management-$214
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,231(66.8% ROI)
Projected value
$275,777
Return breakdown
Property appreciation+$19,691
Loan principal paid down+$7,340
Rental cash flow+$7,200
5-year hold
+$58,741(114.7% ROI)
Projected value
$289,739
Return breakdown
Property appreciation+$33,652
Loan principal paid down+$13,089
Rental cash flow+$12,000
10-year hold
+$126,915(247.8% ROI)
Projected value
$327,813
Return breakdown
Property appreciation+$71,726
Loan principal paid down+$31,189
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.00
1 BR
1.04
2 BR
0.95
3 BR
0.96
4 BR
0.87
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08032 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08032 (Grenloch, NJ) is $2,070 a month. That is up 3.0% from $2,010 in FY 2026. Grenloch 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, 08032 has the 7th-highest two-bedroom rent (county range $1,550–$2,360). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08032 is 7% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08032
BedroomsFY 2027Change90–110% range
Studio$1,600+3.2%$1,440–$1,760
1BR$1,730+2.4%$1,557–$1,903
2BR$2,070+3.0%$1,863–$2,277
3BR$2,470+2.5%$2,223–$2,717
4BR$2,720+1.1%$2,448–$2,992

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08032
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,600$1,730$2,070$2,470$2,720
FY 2026$1,550$1,690$2,010$2,410$2,690
FY 2025$1,490$1,650$1,960$2,370$2,690
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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08032
08012$2,030−1.9%
08014$2,130+2.9%
08020$2,060−0.5%
08025$1,970−4.8%
08027$1,820−12.1%
08028$2,090+1.0%
08032Current$2,070—
08039$1,920−7.2%
08051$2,220+7.2%
08056$1,880−9.2%
08061$1,910−7.7%
08062$1,560−24.6%

Questions about ZIP 08032 rents

How much will Section 8 pay for a two-bedroom in ZIP 08032?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,070, that basic range is $1,863 to $2,277 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 08032 in?

ZIP 08032 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 08032 for FY 2027?

The two-bedroom FMR rose 3.0%, from $2,010 in FY 2026 to $2,070 in FY 2027. Since FY 2023 it has risen 30.2%.

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

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