What is the Fair Market Rent in Somerdale Borough, NJ?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 08083, which covers Somerdale Borough, is $1,540 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 Somerdale Borough is $1,164 (±$33), below the Small Area figure for ZIP 08083.
Figures last updated on .
- 2 bedrooms, whole area
- $1,860
- 2 bedrooms, ZIP 08083
- $1,540
Fair Market Rents for Somerdale Borough, fiscal year 2027
| 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 08083 (56% of the ZIP’s land is in this place) | $1,190 | $1,290 | $1,540 | $1,830 | $2,020 | $1,185 |
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 Somerdale Borough
What is the Section 8 payment standard in Somerdale 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 08083 is $1,540.
What is the Fair Market Rent for a two-bedroom in ZIP 08083?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 08083 is $1,540 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,185 (±$85).
What is the Fair Market Rent for a one-bedroom in Somerdale Borough?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 08083 is $1,290 a month, against $1,558 across the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA.
Sources
- HUD Fair Market Rents, fiscal year 2027: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
- HUD Small Area Fair Market Rents, fiscal year 2027
- HUD Income Limits, fiscal year 2026: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
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 .
Related
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- Income and affordability in Somerdale Borough
- Home values in Somerdale Borough
- Homeowner costs in Somerdale Borough
- Property taxes in Somerdale Borough
- Types of homes in Somerdale Borough
- Bedrooms in Somerdale Borough
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- Housing data for every place in New Jersey