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Gloucester County/Mantua/08051

08051

ZIPSAFMR
Gloucester County, NJ
Zillow

ZIP Investment Score

111Above average

095130300
BRFMR
Eff. Rent
0 BR$1,720$1,710
1 BR$1,860$1,730
2 BR$2,220$2,180
3 BR$2,650$2,590
4 BR$2,920$3,110
5 BR$3,358Not available
6 BR$3,862Not available
7 BR$4,441Not available
8 BR$5,107Not available

Purchase Price Calculator

Maximum purchase price
$262,031

Cost breakdown

+Likely effective rent$2,180
HUD FMR$2,220
Market rentUsed$2,180
Est. payment standard (99%)$2,190
-Principal and interest-$1,325
Loan amount$209,624
Down payment$52,406
Rate6.50%
Term30 years
-Operating costs-$655
Property taxes-$262
Insurance-$175
Utilities$0
HOA$0
Management-$218
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,858(66.5% ROI)
Projected value
$282,178
Return breakdown
Property appreciation+$20,148
Loan principal paid down+$7,510
Rental cash flow+$7,200
5-year hold
+$59,826(114.2% ROI)
Projected value
$296,464
Return breakdown
Property appreciation+$34,433
Loan principal paid down+$13,393
Rental cash flow+$12,000
10-year hold
+$129,304(246.7% ROI)
Projected value
$335,421
Return breakdown
Property appreciation+$73,391
Loan principal paid down+$31,913
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.01
1 BR
1.08
2 BR
1.02
3 BR
1.02
4 BR
0.91
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08051 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08051 (Mantua, NJ) is $2,220 a month. That is up 5.2% from $2,110 in FY 2026. Mantua 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, 08051 has the 2nd-highest two-bedroom rent (county range $1,550–$2,360).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08051
BedroomsFY 2027Change90–110% range
Studio$1,720+5.5%$1,548–$1,892
1BR$1,860+5.1%$1,674–$2,046
2BR$2,220+5.2%$1,998–$2,442
3BR$2,650+4.7%$2,385–$2,915
4BR$2,920+3.5%$2,628–$3,212

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08051
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,720$1,860$2,220$2,650$2,920
FY 2026$1,630$1,770$2,110$2,530$2,820
FY 2025$1,640$1,800$2,150$2,590$2,940
FY 2024$1,560$1,740$2,080$2,510$2,900
FY 2023$1,310$1,480$1,780$2,170$2,520

Two-bedroom rent in nearby Gloucester County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08051
08027$1,820−18.0%
08028$2,090−5.9%
08032$2,070−6.8%
08039$1,920−13.5%
08051Current$2,220—
08056$1,880−15.3%
08061$1,910−14.0%
08062$1,560−29.7%
08063$1,670−24.8%
08066$1,550−30.2%
08071$1,870−15.8%
08074$1,750−21.2%

Questions about ZIP 08051 rents

How much will Section 8 pay for a two-bedroom in ZIP 08051?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,220, that basic range is $1,998 to $2,442 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 08051 in?

ZIP 08051 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 08051 for FY 2027?

The two-bedroom FMR rose 5.2%, from $2,110 in FY 2026 to $2,220 in FY 2027. Since FY 2023 it has risen 24.7%.

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