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Atlantic County/Ventnor City/08406

08406

ZIPSAFMR
Atlantic County, NJ
Zillow

ZIP Investment Score

39Below average

095130300
BRFMR
Eff. Rent
0 BR$1,450$1,600
1 BR$1,650$1,820
2 BR$2,000$2,200
3 BR$2,710$2,330
4 BR$3,000$3,100
5 BR$3,450Not available
6 BR$3,967Not available
7 BR$4,563Not available
8 BR$5,247Not available

Purchase Price Calculator

Maximum purchase price
$265,003

Cost breakdown

+Likely effective rent$2,200
HUD FMR$2,000
Market rent$2,400
Est. payment standard (110%)Used$2,200
-Principal and interest-$1,340
Loan amount$212,002
Down payment$53,001
Rate6.50%
Term30 years
-Operating costs-$660
Property taxes-$265
Insurance-$175
Utilities$0
HOA$0
Management-$220
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,172(66.4% ROI)
Projected value
$285,379
Return breakdown
Property appreciation+$20,376
Loan principal paid down+$7,596
Rental cash flow+$7,200
5-year hold
+$60,368(113.9% ROI)
Projected value
$299,826
Return breakdown
Property appreciation+$34,824
Loan principal paid down+$13,545
Rental cash flow+$12,000
10-year hold
+$130,498(246.2% ROI)
Projected value
$339,226
Return breakdown
Property appreciation+$74,223
Loan principal paid down+$32,275
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.35
1 BR
0.62
2 BR
0.83
3 BR
1.16
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08406 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08406 (Ventnor City, NJ) is $2,000 a month. That is down 4.3% from $2,090 in FY 2026. Ventnor City 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, 08406 is tied for the 14th-highest two-bedroom rent (county range $1,610–$2,850). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08406 is 10% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08406
BedroomsFY 2027Change90–110% range
Studio$1,450−4.0%$1,305–$1,595
1BR$1,650−4.1%$1,485–$1,815
2BR$2,000−4.3%$1,800–$2,200
3BR$2,710−6.2%$2,439–$2,981
4BR$3,000−6.0%$2,700–$3,300

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08406
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,450$1,650$2,000$2,710$3,000
FY 2026$1,510$1,720$2,090$2,890$3,190
FY 2025$1,420$1,620$1,970$2,760$3,040
FY 2024$1,300$1,480$1,850$2,610$2,860
FY 2023$1,150$1,330$1,680$2,380$2,600

Two-bedroom rent in nearby Atlantic County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08406
08341$1,690−15.5%
08342$1,900−5.0%
08344$1,870−6.5%
08346$2,0000.0%
08350$1,690−15.5%
08360$1,610−19.5%
08361$1,870−6.5%
08401$1,690−15.5%
08402$2,080+4.0%
08403$2,850+42.5%
08404$1,900−5.0%
08406Current$2,000—

Questions about ZIP 08406 rents

How much will Section 8 pay for a two-bedroom in ZIP 08406?

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 $2,000 it would be $1,800 to $2,200. 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 08406 in?

ZIP 08406 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 08406 for FY 2027?

The two-bedroom FMR fell 4.3%, from $2,090 in FY 2026 to $2,000 in FY 2027. Since FY 2023 it has risen 19.0%.

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