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Cumberland County/Greenwich/08323

08323

ZIPSAFMR
Cumberland County, NJ
Zillow

ZIP Investment Score

74Below average

095130300
BRFMR
Eff. Rent
0 BR$1,160$1,190
1 BR$1,240$1,250
2 BR$1,510$1,660
3 BR$2,080$1,900
4 BR$2,080$1,900
5 BR$2,392Not available
6 BR$2,751Not available
7 BR$3,163Not available
8 BR$3,638Not available

Purchase Price Calculator

Maximum purchase price
$184,759

Cost breakdown

+Likely effective rent$1,660
HUD FMR$1,510
Market rent$1,770
Est. payment standard (110%)Used$1,660
-Principal and interest-$934
Loan amount$147,807
Down payment$36,952
Rate6.50%
Term30 years
-Operating costs-$526
Property taxes-$185
Insurance-$175
Utilities$0
HOA$0
Management-$166
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,702(72.3% ROI)
Projected value
$198,965
Return breakdown
Property appreciation+$14,206
Loan principal paid down+$5,296
Rental cash flow+$7,200
5-year hold
+$45,722(123.7% ROI)
Projected value
$209,038
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$9,443
Rental cash flow+$12,000
10-year hold
+$98,250(265.9% ROI)
Projected value
$236,507
Return breakdown
Property appreciation+$51,748
Loan principal paid down+$22,502
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.96
1 BR
0.98
2 BR
0.85
3 BR
1.09
4 BR
1.09
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08323 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08323 (Greenwich, NJ) is $1,510 a month. That is up 4.9% from $1,440 in FY 2026. Greenwich 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, 08323 has the 25th-highest two-bedroom rent (county range $1,510–$2,210). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08323 is 32% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08323
BedroomsFY 2027Change90–110% range
Studio$1,160+6.4%$1,044–$1,276
1BR$1,240+7.8%$1,116–$1,364
2BR$1,510+4.9%$1,359–$1,661
3BR$2,080+6.7%$1,872–$2,288
4BR$2,080+5.6%$1,872–$2,288

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08323
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,160$1,240$1,510$2,080$2,080
FY 2026$1,090$1,150$1,440$1,950$1,970
FY 2025$1,070$1,130$1,410$1,920$1,940
FY 2024$1,120$1,150$1,460$1,930$2,040
FY 2023$1,190$1,240$1,600$2,110$2,260

Two-bedroom rent in nearby Cumberland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08323
08313$1,700+12.6%
08314$1,700+12.6%
08315$1,700+12.6%
08316$1,740+15.2%
08318$1,940+28.5%
08320$1,750+15.9%
08321$2,010+33.1%
08323Current$1,510—
08324$1,700+12.6%
08327$1,700+12.6%
08329$2,140+41.7%
08332$1,670+10.6%

Questions about ZIP 08323 rents

How much will Section 8 pay for a two-bedroom in ZIP 08323?

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 $1,510 it would be $1,359 to $1,661. 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 08323 in?

ZIP 08323 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 08323 for FY 2027?

The two-bedroom FMR rose 4.9%, from $1,440 in FY 2026 to $1,510 in FY 2027. Since FY 2023 it has fallen 5.6%.

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