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Cumberland County/Fortescue/08321

08321

ZIPSAFMR
Cumberland County, NJ
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$1,520$1,520
1 BR$1,670$1,670
2 BR$2,010$2,010
3 BR$2,780$2,780
4 BR$2,920$2,920
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
$236,769

Cost breakdown

+Likely effective rent$2,010
HUD FMRUsed$2,010
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,197
Loan amount$189,415
Down payment$47,354
Rate6.50%
Term30 years
-Operating costs-$613
Property taxes-$237
Insurance-$175
Utilities$0
HOA$0
Management-$201
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,192(68.0% ROI)
Projected value
$254,974
Return breakdown
Property appreciation+$18,205
Loan principal paid down+$6,786
Rental cash flow+$7,200
5-year hold
+$55,215(116.6% ROI)
Projected value
$267,882
Return breakdown
Property appreciation+$31,113
Loan principal paid down+$12,102
Rental cash flow+$12,000
10-year hold
+$119,152(251.6% ROI)
Projected value
$303,084
Return breakdown
Property appreciation+$66,315
Loan principal paid down+$28,836
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 08321 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08321 (Fortescue, NJ) is $2,010 a month. That is up 3.6% from $1,940 in FY 2026. Fortescue is in the Vineland, NJ MSA. 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 $1,704. Among 25 ZIP codes in Cumberland County, 08321 has the 4th-highest two-bedroom rent (county range $1,510–$2,210). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08321 is 10% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08321
BedroomsFY 2027Change90–110% range
Studio$1,520+2.0%$1,368–$1,672
1BR$1,670+4.4%$1,503–$1,837
2BR$2,010+3.6%$1,809–$2,211
3BR$2,780+4.1%$2,502–$3,058
4BR$2,920+9.0%$2,628–$3,212

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08321
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,520$1,670$2,010$2,780$2,920
FY 2026$1,490$1,600$1,940$2,670$2,680
FY 2025$1,380$1,450$1,810$2,470$2,490
FY 2024$1,280$1,310$1,660$2,200$2,270
FY 2023$940$980$1,260$1,660$1,830

Two-bedroom rent in nearby Cumberland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08321
08311$1,670−16.9%
08313$1,700−15.4%
08314$1,700−15.4%
08315$1,700−15.4%
08316$1,740−13.4%
08318$1,940−3.5%
08320$1,750−12.9%
08321Current$2,010—
08323$1,510−24.9%
08324$1,700−15.4%
08327$1,700−15.4%
08329$2,140+6.5%

Questions about ZIP 08321 rents

How much will Section 8 pay for a two-bedroom in ZIP 08321?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,704, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,534 to $1,874 a month; under the ZIP-level Small Area FMR of $2,010 it would be $1,809 to $2,211. 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 08321 in?

ZIP 08321 is in the Vineland, NJ MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,704.

How much did fair market rent change in ZIP 08321 for FY 2027?

The two-bedroom FMR rose 3.6%, from $1,940 in FY 2026 to $2,010 in FY 2027. Since FY 2023 it has risen 59.5%.

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