What is the Fair Market Rent in Florence Township, NJ?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,650 to $2,220 a month across the 2 ZIP codes that cover Florence Township.

By ZIP code: 08554 $2,220, 08518 $1,650.

Across the whole Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA the two-bedroom figure is $1,860.

The Census Bureau’s median gross rent for a two-bedroom home in Florence Township is $1,395 (±$69), below the Small Area figure for ZIP 08554.

Figures last updated on .

2 bedrooms, whole area
$1,860
2 bedrooms, ZIP 08554
$2,220
2 bedrooms, ZIP 08518
$1,650

Fair Market Rents for Florence Township, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
Studio1 bedroom2 bedrooms3 bedrooms4 bedroomsCensus median rent
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA (whole area)$1,438$1,558$1,860$2,216$2,445—
ZIP 08554$1,720$1,860$2,220$2,650$2,920$1,818
ZIP 08518 (95% of the ZIP’s land is in this place)$1,280$1,380$1,650$1,970$2,170$1,359

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

The figures for Florence Township include the places inside it that have pages of their own: Florence, Roebling.

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Questions about Florence Township

What is the Section 8 payment standard in Florence Township?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA is $1,860, and the Small Area figure for 08554 is $2,220.

What is the Fair Market Rent for a two-bedroom in ZIP 08554?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 08554 is $2,220 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,818 (±$685).

What is the Fair Market Rent for a two-bedroom in ZIP 08518?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 08518 is $1,650 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,359 (±$79).

What is the Fair Market Rent for a one-bedroom in Florence Township?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 08554 is $1,860 a month, against $1,558 across the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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