ZIP 08094 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 08094 in the Atlantic City-Hammonton, NJ FMR area.

Atlantic City-Hammonton, NJ

$1,460Efficiency
$1,5901 bedroom
$1,9002 bedrooms
$2,2903 bedrooms
$2,5304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,460$1,314$1,606$1,378
1 bedroom$1,590$1,431$1,749$1,567
2 bedrooms$1,900$1,710$2,090$1,899
3 bedrooms$2,290$2,061$2,519$2,578
4 bedrooms$2,530$2,277$2,783$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

$1,460Efficiency
$1,5901 bedroom
$1,9002 bedrooms
$2,2903 bedrooms
$2,5304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,460$1,314$1,606$1,438
1 bedroom$1,590$1,431$1,749$1,558
2 bedrooms$1,900$1,710$2,090$1,860
3 bedrooms$2,290$2,061$2,519$2,216
4 bedrooms$2,530$2,277$2,783$2,445

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

Income in ZIP 08094

$77,232average adjusted gross income per tax return (2022)
$59,440average salaries and wages per return
20,750tax returns filed
30%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00024.4%
$25,000 to $50,00022.1%
$50,000 to $75,00015.6%
$75,000 to $100,00011.4%
$100,000 to $200,00020.7%
$200,000 or more5.8%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 11.1% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 08094?

HUD's FY2027 Small Area FMRs for ZIP 08094 (Atlantic City-Hammonton, NJ) are $1,460 efficiency, $1,590 one bedroom, $1,900 two bedrooms, $2,290 three and $2,530 four bedrooms.

What payment standard can a housing authority set in ZIP 08094?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,710 to $2,090.

How affordable is rent in ZIP 08094?

Tax returns filed from ZIP 08094 reported an average adjusted gross income of $77,232 (2022). A two-bedroom unit at the Small Area FMR costs $22,800 a year, or 30% of that income.