Income Limits by County

FY2027 Small Area FMR · Mount Ephraim, NJ

ZIP 08059 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 08059 (Mount Ephraim, NJ) is $1,890 a month, down 0.5% from FY2026. That is 2% above the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area-wide FMR of $1,860.

2-bedroom SAFMR$1,890per month ▼ 0.5%
Area-wide 2 BR FMR$1,860Philadelphia-Camden-Wilmingt
Rank in the area238thof 473 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,701
2 BR Small Area FMR$1,890
110% of SAFMR$2,079

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

FY2027 FY2026

Where 08059 sits in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area

$1,230$2,790median $1,900

Of the 473 ZIP codes HUD lists for the area, 08059 has the 238th 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 $1,701 and $2,079 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
UnitFY2027 SAFMRPayment standard rangeArea-wide FMRFY2026 SAFMR
Studio$1,460$1,314 – $1,606$1,438$1,470
1 bedroom$1,580$1,422 – $1,738$1,558$1,600
2 bedrooms$1,890$1,701 – $2,079$1,860$1,900
3 bedrooms$2,250$2,025 – $2,475$2,216$2,280
4 bedrooms$2,480$2,232 – $2,728$2,445$2,540

A household renting a two-bedroom home at the Small Area FMR of $1,890 needs about $75,600 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 08059 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

ZIPPlaceDistance2 BR SAFMR
08106Audubon1.1 mi$1,410
08031Bellmawr1.3 mi$1,500
08030Gloucester City1.4 mi$1,970
08035Haddon Heights1.5 mi$1,580
08107Oaklyn1.7 mi$1,660
08078Runnemede2.4 mi$1,750

Questions

What is the Fair Market Rent for ZIP code 08059?

HUD's FY2027 Small Area Fair Market Rents for 08059 are $1,460 (studio), $1,580 (1 BR), $1,890 (2 BR), $2,250 (3 BR) and $2,480 (4 BR) a month.

What is the Section 8 payment standard in 08059?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 08059 that range is $1,701 to $2,079 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 08059?

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.