FMR is below market; voucher rent may lag private rents.
0.90
1 BR
1 BR
0.99ratio
FMR$1,610
Market$1,630
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
2 BR
2 BR
1.00ratio
FMR$1,920
Market$1,920
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
3 BR
3 BR
0.92ratio
FMR$2,290
Market$2,480
vs market-$190
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR
0.73ratio
FMR$2,530
Market$3,460
vs market-$930
FMR is below market; voucher rent may lag private rents.
0.73
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 08039 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08039 (Harrisonville, NJ) is $1,920 a month. That is down 3.0% from $1,980 in FY 2026. Harrisonville 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, 08039 has the 17th-highest two-bedroom rent (county range $1,550–$2,360). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08039 is 14% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 08039
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,530
$1,490
−2.6%
$1,341–$1,639
1BR
$1,670
$1,610
−3.6%
$1,449–$1,771
2BR
$1,980
$1,920
−3.0%
$1,728–$2,112
3BR
$2,370
$2,290
−3.4%
$2,061–$2,519
4BR
$2,650
$2,530
−4.5%
$2,277–$2,783
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 08039
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,490
$1,610
$1,920
$2,290
$2,530
FY 2026
$1,530
$1,670
$1,980
$2,370
$2,650
FY 2025
$1,550
$1,710
$2,040
$2,460
$2,790
FY 2024
$1,480
$1,650
$1,980
$2,390
$2,760
FY 2023
$1,250
$1,410
$1,700
$2,070
$2,400
Two-bedroom rent in nearby Gloucester County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 08039?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,920, that basic range is $1,728 to $2,112 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 08039 in?
ZIP 08039 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 08039 for FY 2027?
The two-bedroom FMR fell 3.0%, from $1,980 in FY 2026 to $1,920 in FY 2027. Since FY 2023 it has risen 12.9%.
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