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Atlantic County/Longport/08403

08403

ZIPSAFMR
Atlantic County, NJ
Zillow

ZIP Investment Score

44Below average

095130300
BRFMR
Eff. Rent
0 BR$2,070$2,280
1 BR$2,350$1,690
2 BR$2,850$3,040
3 BR$3,870$4,260
4 BR$4,280$4,710
5 BR$4,922Not available
6 BR$5,660Not available
7 BR$6,509Not available
8 BR$7,486Not available

Purchase Price Calculator

Maximum purchase price
$389,826

Cost breakdown

+Likely effective rent$3,040
HUD FMR$2,850
Market rent$3,140
Est. payment standard (107%)Used$3,040
-Principal and interest-$1,971
Loan amount$311,861
Down payment$77,965
Rate6.50%
Term30 years
-Operating costs-$869
Property taxes-$390
Insurance-$175
Utilities$0
HOA$0
Management-$304
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$48,347(62.0% ROI)
Projected value
$419,800
Return breakdown
Property appreciation+$29,974
Loan principal paid down+$11,173
Rental cash flow+$7,200
5-year hold
+$83,151(106.7% ROI)
Projected value
$441,053
Return breakdown
Property appreciation+$51,226
Loan principal paid down+$19,925
Rental cash flow+$12,000
10-year hold
+$180,662(231.7% ROI)
Projected value
$499,011
Return breakdown
Property appreciation+$109,184
Loan principal paid down+$47,477
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.26
1 BR
1.39
2 BR
0.91
3 BR
0.50
4 BR
0.35
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08403 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08403 (Longport, NJ) is $2,850 a month. That is up 1.8% from $2,800 in FY 2026. Longport 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, 08403 has the highest two-bedroom rent (county range $1,610–$2,850). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08403 is 28% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08403
BedroomsFY 2027Change90–110% range
Studio$2,070+2.5%$1,863–$2,277
1BR$2,350+2.2%$2,115–$2,585
2BR$2,850+1.8%$2,565–$3,135
3BR$3,870−0.3%$3,483–$4,257
4BR$4,2800.0%$3,852–$4,708

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08403
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,070$2,350$2,850$3,870$4,280
FY 2026$2,020$2,300$2,800$3,880$4,280
FY 2025$1,860$2,120$2,580$3,620$3,980
FY 2024$1,760$2,010$2,510$3,540$3,880
FY 2023$1,600$1,870$2,350$3,320$3,630

Two-bedroom rent in nearby Atlantic County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08403
08341$1,690−40.7%
08342$1,900−33.3%
08344$1,870−34.4%
08346$2,000−29.8%
08350$1,690−40.7%
08360$1,610−43.5%
08361$1,870−34.4%
08401$1,690−40.7%
08402$2,080−27.0%
08403Current$2,850—
08404$1,900−33.3%
08406$2,000−29.8%

Questions about ZIP 08403 rents

How much will Section 8 pay for a two-bedroom in ZIP 08403?

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 $2,850 it would be $2,565 to $3,135. 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 08403 in?

ZIP 08403 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 08403 for FY 2027?

The two-bedroom FMR rose 1.8%, from $2,800 in FY 2026 to $2,850 in FY 2027. Since FY 2023 it has risen 21.3%.

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