FMR is below market; voucher rent may lag private rents.
0.55
1 BR
1 BR
0.88ratio
FMR$1,780
Market$2,020
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.88
2 BR
2 BR
0.90ratio
FMR$2,160
Market$2,400
vs market-$240
FMR is near market; voucher and private rents are aligned.
0.90
3 BR
3 BR
1.03ratio
FMR$2,920
Market$2,830
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.03
4 BR
4 BR
0.93ratio
FMR$3,230
Market$3,490
vs market-$260
FMR is near market; voucher and private rents are aligned.
0.93
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
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ZIP 08240 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08240 (Pomona, NJ) is $2,160 a month. That is up 0.9% from $2,140 in FY 2026. Pomona is in the Atlantic City-Hammonton, 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 $1,899. Among 36 ZIP codes in Atlantic County, 08240 has the 9th-highest two-bedroom rent (county range $1,610–$2,850). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08240 is 3% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 08240
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,550
$1,570
+1.3%
$1,413–$1,727
1BR
$1,770
$1,780
+0.6%
$1,602–$1,958
2BR
$2,140
$2,160
+0.9%
$1,944–$2,376
3BR
$2,960
$2,920
−1.4%
$2,628–$3,212
4BR
$3,270
$3,230
−1.2%
$2,907–$3,553
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 08240
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,570
$1,780
$2,160
$2,920
$3,230
FY 2026
$1,550
$1,770
$2,140
$2,960
$3,270
FY 2025
$1,420
$1,630
$1,970
$2,760
$3,040
FY 2024
$1,300
$1,490
$1,850
$2,610
$2,860
FY 2023
$1,080
$1,250
$1,580
$2,240
$2,440
Two-bedroom rent in nearby Atlantic County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 08240?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,899, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,709 to $2,089 a month; under the ZIP-level Small Area FMR of $2,160 it would be $1,944 to $2,376. 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 08240 in?
ZIP 08240 is in the Atlantic City-Hammonton, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,899.
How much did fair market rent change in ZIP 08240 for FY 2027?
The two-bedroom FMR rose 0.9%, from $2,140 in FY 2026 to $2,160 in FY 2027. Since FY 2023 it has risen 36.7%.
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