What is the Fair Market Rent in Magnolia Borough, NJ?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 08049, which covers Magnolia Borough, is $1,640 a month.

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 Magnolia Borough is $2,125 (±$1,065), within its margin of the Small Area figure for ZIP 08049.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,860
2 bedrooms, ZIP 08049: $1,640

Fair Market Rents for Magnolia Borough, 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
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA (whole area)	$1,438	$1,558	$1,860	$2,216	$2,445	—
ZIP 08049 (80% of the ZIP’s land is in this place)	$1,270	$1,370	$1,640	$1,950	$2,160	$1,427

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.

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Questions about Magnolia Borough

What is the Section 8 payment standard in Magnolia Borough?

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 08049 is $1,640.

What is the Fair Market Rent for a two-bedroom in ZIP 08049?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 08049 is $1,640 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,427 (±$276).

What is the Fair Market Rent for a one-bedroom in Magnolia Borough?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 08049 is $1,370 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.