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Cape May County/Cape May Court House/08210

08210

ZIPSAFMR
Cape May County, NJ
Zillow

ZIP Investment Score

60Below average

095130300
BRFMR
Eff. Rent
0 BR$1,650$1,650
1 BR$1,660$1,660
2 BR$2,030$2,030
3 BR$2,660$2,660
4 BR$2,670$2,670
5 BR$3,070Not available
6 BR$3,531Not available
7 BR$4,061Not available
8 BR$4,670Not available

Purchase Price Calculator

Maximum purchase price
$239,741

Cost breakdown

+Likely effective rent$2,030
HUD FMRUsed$2,030
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,212
Loan amount$191,793
Down payment$47,948
Rate6.50%
Term30 years
-Operating costs-$618
Property taxes-$240
Insurance-$175
Utilities$0
HOA$0
Management-$203
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,505(67.8% ROI)
Projected value
$258,174
Return breakdown
Property appreciation+$18,434
Loan principal paid down+$6,871
Rental cash flow+$7,200
5-year hold
+$55,758(116.3% ROI)
Projected value
$271,245
Return breakdown
Property appreciation+$31,504
Loan principal paid down+$12,254
Rental cash flow+$12,000
10-year hold
+$120,346(251.0% ROI)
Projected value
$306,888
Return breakdown
Property appreciation+$67,148
Loan principal paid down+$29,198
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 08210 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08210 (Cape May Court House, NJ) is $2,030 a month. That is up 3.0% from $1,970 in FY 2026. Cape May Court House is in the Cape May County, NJ HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,857. Among 22 ZIP codes in Cape May County, 08210 is tied for the 9th-highest two-bedroom rent (county range $1,620–$2,400). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08210 is 9% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08210
BedroomsFY 2027Change90–110% range
Studio$1,650+13.8%$1,485–$1,815
1BR$1,660+10.7%$1,494–$1,826
2BR$2,030+3.0%$1,827–$2,233
3BR$2,660+1.1%$2,394–$2,926
4BR$2,670+1.1%$2,403–$2,937

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08210
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,650$1,660$2,030$2,660$2,670
FY 2026$1,450$1,500$1,970$2,630$2,640
FY 2025$1,300$1,330$1,740$2,330$2,330
FY 2024$1,210$1,310$1,720$2,160$2,290
FY 2023$1,170$1,320$1,740$2,160$2,340

Two-bedroom rent in nearby Cape May County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08210
08202$2,190+7.9%
08204$1,690−16.7%
08210Current$2,030—
08212$1,690−16.7%
08214$1,860−8.4%
08218$1,860−8.4%
08219$1,860−8.4%
08223$2,170+6.9%
08226$2,270+11.8%
08230$2,400+18.2%
08242$1,800−11.3%
08243$2,300+13.3%

Questions about ZIP 08210 rents

How much will Section 8 pay for a two-bedroom in ZIP 08210?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,857, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,671 to $2,043 a month; under the ZIP-level Small Area FMR of $2,030 it would be $1,827 to $2,233. 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 08210 in?

ZIP 08210 is in the Cape May County, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,857.

How much did fair market rent change in ZIP 08210 for FY 2027?

The two-bedroom FMR rose 3.0%, from $1,970 in FY 2026 to $2,030 in FY 2027. Since FY 2023 it has risen 16.7%.

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 rentCape May Court House, NJ fair market rentNJ statewide rentsWhat is SAFMR?Data sources