ZIP 08360 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 08360 in the Atlantic City-Hammonton, NJ FMR area.

Atlantic City-Hammonton, NJ

$1,220Efficiency

$1,3401 bedroom

$1,6102 bedrooms

$2,2203 bedrooms

$2,3404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,220	$1,098	$1,342	$1,378
1 bedroom	$1,340	$1,206	$1,474	$1,567
2 bedrooms	$1,610	$1,449	$1,771	$1,899
3 bedrooms	$2,220	$1,998	$2,442	$2,578
4 bedrooms	$2,340	$2,106	$2,574	$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

$1,220Efficiency

$1,3401 bedroom

$1,6102 bedrooms

$2,2203 bedrooms

$2,3404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,220	$1,098	$1,342	$1,438
1 bedroom	$1,340	$1,206	$1,474	$1,558
2 bedrooms	$1,610	$1,449	$1,771	$1,860
3 bedrooms	$2,220	$1,998	$2,442	$2,216
4 bedrooms	$2,340	$2,106	$2,574	$2,445

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

Vineland, NJ MSA

$1,220Efficiency

$1,3401 bedroom

$1,6102 bedrooms

$2,2203 bedrooms

$2,3404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,220	$1,098	$1,342	$1,288
1 bedroom	$1,340	$1,206	$1,474	$1,420
2 bedrooms	$1,610	$1,449	$1,771	$1,704
3 bedrooms	$2,220	$1,998	$2,442	$2,360
4 bedrooms	$2,340	$2,106	$2,574	$2,478

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

Income in ZIP 08360

$52,424average adjusted gross income per tax return (2022)

$40,557average salaries and wages per return

20,390tax returns filed

37%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	30.6%
$25,000 to $50,000	32.8%
$50,000 to $75,000	17.2%
$75,000 to $100,000	8.6%
$100,000 to $200,000	9.2%
$200,000 or more	1.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 21.6% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 08360?

HUD's FY2027 Small Area FMRs for ZIP 08360 (Atlantic City-Hammonton, NJ) are $1,220 efficiency, $1,340 one bedroom, $1,610 two bedrooms, $2,220 three and $2,340 four bedrooms.

What payment standard can a housing authority set in ZIP 08360?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,449 to $1,771.

How affordable is rent in ZIP 08360?

Tax returns filed from ZIP 08360 reported an average adjusted gross income of $52,424 (2022). A two-bedroom unit at the Small Area FMR costs $19,320 a year, or 37% of that income.