FY2027 Small Area FMR · Medford, NJ

ZIP 08055 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 08055 (Medford, NJ) is $1,940 a month, down 0.5% from FY2026. That is 4% above the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area-wide FMR of $1,860.

2-bedroom SAFMR$1,940per month ▼ 0.5%

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

Rank in the area216thof 473 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,746

2 BR Small Area FMR$1,940

110% of SAFMR$2,134

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

Studio$1,500■ 0.0%

1 BR$1,620▼ 1.2%

2 BR$1,940▼ 0.5%

3 BR$2,310▼ 1.3%

4 BR$2,550▼ 2.3%

FY2027 FY2026

Where 08055 sits in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area

Of the 473 ZIP codes HUD lists for the area, 08055 has the 216th 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 $1,746 and $2,134 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,500	$1,350 – $1,650	$1,438	$1,500
1 bedroom	$1,620	$1,458 – $1,782	$1,558	$1,640
2 bedrooms	$1,940	$1,746 – $2,134	$1,860	$1,950
3 bedrooms	$2,310	$2,079 – $2,541	$2,216	$2,340
4 bedrooms	$2,550	$2,295 – $2,805	$2,445	$2,610

A household renting a two-bedroom home at the Small Area FMR of $1,940 needs about $77,600 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 08055 lies mainly in Burlington 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
08053	Marlton	4.2 mi	$2,670
08091	West Berlin	6.6 mi	$1,730
08048	Lumberton	6.7 mi	$2,150
08088	Vincentown	6.9 mi	$2,430
08043	Voorhees	7.0 mi	$2,250
08004	Atco	7.2 mi	$2,100

Questions

What is the Fair Market Rent for ZIP code 08055?

HUD's FY2027 Small Area Fair Market Rents for 08055 are $1,500 (studio), $1,620 (1 BR), $1,940 (2 BR), $2,310 (3 BR) and $2,550 (4 BR) a month.

What is the Section 8 payment standard in 08055?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 08055 that range is $1,746 to $2,134 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 08055?

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.