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Atlantic County/Atlantic City/08405

08405

ZIPFMR
Atlantic County, NJ
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,378$1,520
1 BR$1,567$1,690
2 BR$1,899$2,090
3 BR$2,578$2,670
4 BR$2,849$3,130
5 BR$3,276Not available
6 BR$3,768Not available
7 BR$4,333Not available
8 BR$4,983Not available

Purchase Price Calculator

Maximum purchase price
$248,657

Cost breakdown

+Likely effective rent$2,090
HUD FMR$1,899
Market rent$2,210
Est. payment standard (110%)Used$2,090
-Principal and interest-$1,257
Loan amount$198,925
Down payment$49,731
Rate6.50%
Term30 years
-Operating costs-$633
Property taxes-$249
Insurance-$175
Utilities$0
HOA$0
Management-$209
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,446(67.3% ROI)
Projected value
$267,776
Return breakdown
Property appreciation+$19,119
Loan principal paid down+$7,127
Rental cash flow+$7,200
5-year hold
+$57,385(115.4% ROI)
Projected value
$281,332
Return breakdown
Property appreciation+$32,676
Loan principal paid down+$12,709
Rental cash flow+$12,000
10-year hold
+$123,929(249.2% ROI)
Projected value
$318,302
Return breakdown
Property appreciation+$69,645
Loan principal paid down+$30,284
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.64
1 BR
0.90
2 BR
0.86
3 BR
0.95
4 BR
0.86
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 08405 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 08405 (Atlantic City, NJ) is $1,899 a month. That is up 1.7% from $1,867 in FY 2026. Atlantic City is in the Atlantic City-Hammonton, NJ HUD Metro FMR Area. The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08405 is 15% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08405
BedroomsFY 2027Change90–110% range
Studio$1,378+2.4%$1,240–$1,516
1BR$1,567+2.0%$1,410–$1,724
2BR$1,899+1.7%$1,709–$2,089
3BR$2,578−0.3%$2,320–$2,836
4BR$2,849−0.1%$2,564–$3,134

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08405
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,378$1,567$1,899$2,578$2,849
FY 2026$1,346$1,537$1,867$2,586$2,851
FY 2025$1,240$1,414$1,719$2,409$2,654
FY 2024$1,172$1,340$1,670$2,353$2,584
FY 2023$1,081$1,257$1,583$2,240$2,445

Questions about ZIP 08405 rents

How much will Section 8 pay for a two-bedroom in ZIP 08405?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,899, that basic range is $1,709 to $2,089 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 08405 in?

ZIP 08405 is in the Atlantic City-Hammonton, NJ HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.

How much did fair market rent change in ZIP 08405 for FY 2027?

The two-bedroom FMR rose 1.7%, from $1,867 in FY 2026 to $1,899 in FY 2027. Since FY 2023 it has risen 20.0%.

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 Fair Market Rents. 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 rentAtlantic City, NJ fair market rentNJ statewide rentsWhat is SAFMR?Data sources