08072

ZIPSAFMR

Salem County, NJ

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,130	$1,240	0.9%
1 BR	$1,220	$1,320	-0.3%
2 BR	$1,460	$1,550	-0.2%
3 BR	$1,740	$1,810	-0.8%
4 BR	$1,920	$1,880	-2.2%
5 BR	$2,208	Not available	-2.2%
6 BR	$2,539	Not available	-2.2%
7 BR	$2,920	Not available	-2.2%
8 BR	$3,358	Not available	-2.2%

Purchase Price Calculator

Maximum purchase price

$168,413

Cost breakdown

+Likely effective rent$1,550

HUD FMR$1,460

Market rent$1,600

Est. payment standard (106%)Used$1,550

-Principal and interest-$852

Loan amount$134,730

Down payment$33,683

Rate6.50%

Term30 years

-Operating costs-$498

Property taxes-$168

Insurance-$175

Utilities$0

HOA$0

Management-$155

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$24,976(74.2% ROI)

Projected value

$181,362

Return breakdown

Property appreciation+$12,949

Loan principal paid down+$4,827

Rental cash flow+$7,200

5-year hold

+$42,739(126.9% ROI)

Projected value

$190,544

Return breakdown

Property appreciation+$22,131

Loan principal paid down+$8,608

Rental cash flow+$12,000

10-year hold

+$91,681(272.2% ROI)

Projected value

$215,583

Return breakdown

Property appreciation+$47,170

Loan principal paid down+$20,511

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.82ratio

FMR$1,130

Market$1,370

vs market-$240

FMR is below market; voucher rent may lag private rents.

0.82

1 BR

0.88ratio

FMR$1,220

Market$1,380

vs market-$160

FMR is below market; voucher rent may lag private rents.

0.88

2 BR

0.91ratio

FMR$1,460

Market$1,600

vs market-$140

FMR is near market; voucher and private rents are aligned.

0.91

3 BR

0.94ratio

FMR$1,740

Market$1,850

vs market-$110

FMR is near market; voucher and private rents are aligned.

0.94

4 BR

1.02ratio

FMR$1,920

Market$1,880

vs market+$40

FMR is near market; voucher and private rents are aligned.

1.02

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 08072 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08072 (Quinton, NJ) is $1,460 a month. That is unchanged from FY 2026. Quinton 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 15 ZIP codes in Salem County, 08072 is tied for the 14th-highest two-bedroom rent (county range $1,460–$2,440). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08072 is 35% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08072
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,130	$1,130	0.0%	$1,017–$1,243
1BR	$1,230	$1,220	−0.8%	$1,098–$1,342
2BR	$1,460	$1,460	0.0%	$1,314–$1,606
3BR	$1,750	$1,740	−0.6%	$1,566–$1,914
4BR	$1,950	$1,920	−1.5%	$1,728–$2,112

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08072
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,130	$1,220	$1,460	$1,740	$1,920
FY 2026	$1,130	$1,230	$1,460	$1,750	$1,950
FY 2025	$1,130	$1,240	$1,480	$1,780	$2,030
FY 2024	$1,100	$1,230	$1,470	$1,780	$2,050
FY 2023	$940	$1,060	$1,280	$1,560	$1,810

Two-bedroom rent in nearby Salem County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 08072
08001	$1,600	+9.6%
08023	$2,440	+67.1%
08038	$2,040	+39.7%
08067	$2,290	+56.8%
08069	$1,720	+17.8%
08070	$1,630	+11.6%
08072Current	$1,460	—
08079	$1,460	0.0%
08085	$2,360	+61.6%
08098	$1,600	+9.6%
08302	$1,750	+19.9%
08318	$1,940	+32.9%

Questions about ZIP 08072 rents

How much will Section 8 pay for a two-bedroom in ZIP 08072?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,460, that basic range is $1,314 to $1,606 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 08072 in?

ZIP 08072 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 08072 for FY 2027?

The two-bedroom FMR was unchanged at $1,460 in FY 2027. Since FY 2023 it has risen 14.1%.

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 rent Quinton, NJ fair market rent NJ statewide rents What is SAFMR?Data sources