08322

ZIPSAFMR

Gloucester County, NJ

ZIP Investment Score

81Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,540	$1,210	3.2%
1 BR	$1,670	$1,590	2.3%
2 BR	$1,990	$1,970	2.1%
3 BR	$2,370	$2,330	1.6%
4 BR	$2,620	$2,530	0.1%
5 BR	$3,013	Not available	0.1%
6 BR	$3,465	Not available	0.1%
7 BR	$3,985	Not available	0.1%
8 BR	$4,582	Not available	0.1%

Purchase Price Calculator

Maximum purchase price

$230,825

Cost breakdown

+Likely effective rent$1,970

HUD FMR$1,990

Market rentUsed$1,970

Est. payment standard (99%)$1,980

-Principal and interest-$1,167

Loan amount$184,660

Down payment$46,165

Rate6.50%

Term30 years

-Operating costs-$603

Property taxes-$231

Insurance-$175

Utilities$0

HOA$0

Management-$197

=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

+$31,564(68.4% ROI)

Projected value

$248,573

Return breakdown

Property appreciation+$17,748

Loan principal paid down+$6,616

Rental cash flow+$7,200

5-year hold

+$54,130(117.3% ROI)

Projected value

$261,157

Return breakdown

Property appreciation+$30,332

Loan principal paid down+$11,798

Rental cash flow+$12,000

10-year hold

+$116,763(252.9% ROI)

Projected value

$295,475

Return breakdown

Property appreciation+$64,650

Loan principal paid down+$28,112

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.27ratio

FMR$1,540

Market$1,210

vs market+$330

FMR is above market; underwrite to market rent.

1.27

1 BR

1.05ratio

FMR$1,670

Market$1,590

vs market+$80

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

1.05

2 BR

1.01ratio

FMR$1,990

Market$1,970

vs market+$20

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

1.01

3 BR

1.02ratio

FMR$2,370

Market$2,330

vs market+$40

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

1.02

4 BR

1.04ratio

FMR$2,620

Market$2,530

vs market+$90

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

1.04

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 08322 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08322 (Franklinville, NJ) is $1,990 a month. That is up 2.1% from $1,950 in FY 2026. Franklinville 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 32 ZIP codes in Gloucester County, 08322 is tied for the 13th-highest two-bedroom rent (county range $1,550–$2,360). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08322 is 11% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08322
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,500	$1,540	+2.7%	$1,386–$1,694
1BR	$1,640	$1,670	+1.8%	$1,503–$1,837
2BR	$1,950	$1,990	+2.1%	$1,791–$2,189
3BR	$2,340	$2,370	+1.3%	$2,133–$2,607
4BR	$2,610	$2,620	+0.4%	$2,358–$2,882

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08322
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,540	$1,670	$1,990	$2,370	$2,620
FY 2026	$1,500	$1,640	$1,950	$2,340	$2,610
FY 2025	$1,520	$1,680	$2,000	$2,410	$2,740
FY 2024	$1,400	$1,560	$1,870	$2,260	$2,610
FY 2023	$1,180	$1,330	$1,600	$1,950	$2,260

Two-bedroom rent in nearby Gloucester County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 08322
08090	$2,060	+3.5%
08093	$1,620	−18.6%
08094	$1,900	−4.5%
08096	$1,990	0.0%
08097	$1,710	−14.1%
08098	$1,600	−19.6%
08312	$1,600	−19.6%
08322Current	$1,990	—
08328	$1,940	−2.5%
08343	$2,030	+2.0%
08344	$1,870	−6.0%
08360	$1,610	−19.1%

Questions about ZIP 08322 rents

How much will Section 8 pay for a two-bedroom in ZIP 08322?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,990, that basic range is $1,791 to $2,189 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 08322 in?

ZIP 08322 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 08322 for FY 2027?

The two-bedroom FMR rose 2.1%, from $1,950 in FY 2026 to $1,990 in FY 2027. Since FY 2023 it has risen 24.4%.

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