FY2027 Small Area FMR · Cherry Hill, NJ

ZIP 08034 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 08034 (Cherry Hill, NJ) is $2,210 a month, up 4.2% from FY2026. That is 19% above the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area-wide FMR of $1,860.

2-bedroom SAFMR$2,210per month ▲ 4.2%

Area-wide 2 BR FMR$1,860Philadelphia-Camden-Wilmingt

Rank in the area94thof 473 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,989

2 BR Small Area FMR$2,210

110% of SAFMR$2,431

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,710▲ 4.3%

1 BR$1,850▲ 3.9%

2 BR$2,210▲ 4.2%

3 BR$2,630▲ 3.5%

4 BR$2,900▲ 2.1%

FY2027 FY2026

Where 08034 sits in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area

Of the 473 ZIP codes HUD lists for the area, 08034 has the 94th highest two-bedroom Small Area FMR. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2016), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,989 and $2,431 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,710	$1,539 – $1,881	$1,438	$1,640
1 bedroom	$1,850	$1,665 – $2,035	$1,558	$1,780
2 bedrooms	$2,210	$1,989 – $2,431	$1,860	$2,120
3 bedrooms	$2,630	$2,367 – $2,893	$2,216	$2,540
4 bedrooms	$2,900	$2,610 – $3,190	$2,445	$2,840

A household renting a two-bedroom home at the Small Area FMR of $2,210 needs about $88,400 a year to keep housing costs at 30% of income. The area median family income is $122,700 and the 80% low-income limit for four people is $98,150. ZIP code 08034 lies mainly in Camden County. See the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
08033	Haddonfield	2.1 mi	$1,860
08003	Cherry Hill	2.2 mi	$2,500
08002	Cherry Hill	2.3 mi	$2,470
08045	Lawnside	3.1 mi	$1,460
08052	Maple Shade	3.2 mi	$1,990
08108	Collingswood	3.3 mi	$2,140

Questions

What is the Fair Market Rent for ZIP code 08034?

HUD's FY2027 Small Area Fair Market Rents for 08034 are $1,710 (studio), $1,850 (1 BR), $2,210 (2 BR), $2,630 (3 BR) and $2,900 (4 BR) a month.

What is the Section 8 payment standard in 08034?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 08034 that range is $1,989 to $2,431 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 08034?

The FY2026 income limits of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area apply: median family income $122,700, low-income (80%) limit $98,150 for a family of four.