ZIP 08037 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 08037 in the Atlantic City-Hammonton, NJ FMR area.

Atlantic City-Hammonton, NJ

$1,340Efficiency
$1,5101 bedroom
$1,8302 bedrooms
$2,4303 bedrooms
$2,6904 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,340$1,206$1,474$1,378
1 bedroom$1,510$1,359$1,661$1,567
2 bedrooms$1,830$1,647$2,013$1,899
3 bedrooms$2,430$2,187$2,673$2,578
4 bedrooms$2,690$2,421$2,959$2,849

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA

$1,340Efficiency
$1,5101 bedroom
$1,8302 bedrooms
$2,4303 bedrooms
$2,6904 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,340$1,206$1,474$1,438
1 bedroom$1,510$1,359$1,661$1,558
2 bedrooms$1,830$1,647$2,013$1,860
3 bedrooms$2,430$2,187$2,673$2,216
4 bedrooms$2,690$2,421$2,959$2,445

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 08037

$80,869average adjusted gross income per tax return (2022)
$55,208average salaries and wages per return
12,100tax returns filed
27%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00025.3%
$25,000 to $50,00023.9%
$50,000 to $75,00015.4%
$75,000 to $100,00010.2%
$100,000 to $200,00019.3%
$200,000 or more5.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 10.9% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 08037?

HUD's FY2027 Small Area FMRs for ZIP 08037 (Atlantic City-Hammonton, NJ) are $1,340 efficiency, $1,510 one bedroom, $1,830 two bedrooms, $2,430 three and $2,690 four bedrooms.

What payment standard can a housing authority set in ZIP 08037?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,647 to $2,013.

How affordable is rent in ZIP 08037?

Tax returns filed from ZIP 08037 reported an average adjusted gross income of $80,869 (2022). A two-bedroom unit at the Small Area FMR costs $21,960 a year, or 27% of that income.