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Burlington County/Vincentown/08088

08088

ZIPSAFMR
Burlington County, NJ
Zillow

ZIP Investment Score

80Below average

095130300
BRFMR
Eff. Rent
0 BR$1,880$1,880
1 BR$2,040$2,040
2 BR$2,430$2,430
3 BR$2,900$2,900
4 BR$3,190$3,190
5 BR$3,668Not available
6 BR$4,219Not available
7 BR$4,852Not available
8 BR$5,579Not available

Purchase Price Calculator

Maximum purchase price
$299,181

Cost breakdown

+Likely effective rent$2,430
HUD FMRUsed$2,430
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,513
Loan amount$239,344
Down payment$59,836
Rate6.50%
Term30 years
-Operating costs-$717
Property taxes-$299
Insurance-$175
Utilities$0
HOA$0
Management-$243
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$38,779(64.8% ROI)
Projected value
$322,185
Return breakdown
Property appreciation+$23,004
Loan principal paid down+$8,575
Rental cash flow+$7,200
5-year hold
+$66,607(111.3% ROI)
Projected value
$338,495
Return breakdown
Property appreciation+$39,315
Loan principal paid down+$15,292
Rental cash flow+$12,000
10-year hold
+$144,233(241.0% ROI)
Projected value
$382,976
Return breakdown
Property appreciation+$83,796
Loan principal paid down+$36,437
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 08088 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08088 (Vincentown, NJ) is $2,430 a month. That is down 8.0% from $2,640 in FY 2026. Vincentown 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 44 ZIP codes in Burlington County, 08088 has the 9th-highest two-bedroom rent (county range $1,410–$2,790). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08088 is 9% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08088
BedroomsFY 2027Change90–110% range
Studio$1,880−7.8%$1,692–$2,068
1BR$2,040−8.1%$1,836–$2,244
2BR$2,430−8.0%$2,187–$2,673
3BR$2,900−8.5%$2,610–$3,190
4BR$3,190−9.6%$2,871–$3,509

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08088
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,880$2,040$2,430$2,900$3,190
FY 2026$2,040$2,220$2,640$3,170$3,530
FY 2025$2,060$2,270$2,700$3,250$3,700
FY 2024$1,960$2,180$2,610$3,160$3,640
FY 2023$1,470$1,660$2,000$2,430$2,830

Two-bedroom rent in nearby Burlington County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08088
08057$2,180−10.3%
08060$2,050−15.6%
08064$1,520−37.4%
08065$2,160−11.1%
08068$1,470−39.5%
08073$2,200−9.5%
08075$1,830−24.7%
08077$2,470+1.6%
08087$2,250−7.4%
08088Current$2,430—
08091$1,730−28.8%
08110$1,620−33.3%

Questions about ZIP 08088 rents

How much will Section 8 pay for a two-bedroom in ZIP 08088?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,430, that basic range is $2,187 to $2,673 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 08088 in?

ZIP 08088 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 08088 for FY 2027?

The two-bedroom FMR fell 8.0%, from $2,640 in FY 2026 to $2,430 in FY 2027. Since FY 2023 it has risen 21.5%.

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