FY2027 Small Area FMR · Florence, NJ

ZIP 08518 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 08518 (Florence, NJ) is $1,650 a month, up 3.1% from FY2026. That is 11% below the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area-wide FMR of $1,860.

2-bedroom SAFMR$1,650per month ▲ 3.1%

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

Rank in the area377thof 473 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,485

2 BR Small Area FMR$1,650

110% of SAFMR$1,815

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

Studio$1,280▲ 4.1%

1 BR$1,380▲ 3.0%

2 BR$1,650▲ 3.1%

3 BR$1,970▲ 2.6%

4 BR$2,170▲ 1.4%

FY2027 FY2026

Where 08518 sits in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area

Of the 473 ZIP codes HUD lists for the area, 08518 has the 377th 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 $1,485 and $1,815 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,280	$1,152 – $1,408	$1,438	$1,230
1 bedroom	$1,380	$1,242 – $1,518	$1,558	$1,340
2 bedrooms	$1,650	$1,485 – $1,815	$1,860	$1,600
3 bedrooms	$1,970	$1,773 – $2,167	$2,216	$1,920
4 bedrooms	$2,170	$1,953 – $2,387	$2,445	$2,140

A household renting a two-bedroom home at the Small Area FMR of $1,650 needs about $66,000 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 08518 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
08554	Roebling	1.3 mi	$2,220
19007	Bristol	2.9 mi	$1,410
19055	Levittown	3.1 mi	$2,050
19057	Levittown	3.3 mi	$1,940
08016	Burlington	3.4 mi	$1,760
08505	Bordentown	3.7 mi	$2,050

Questions

What is the Fair Market Rent for ZIP code 08518?

HUD's FY2027 Small Area Fair Market Rents for 08518 are $1,280 (studio), $1,380 (1 BR), $1,650 (2 BR), $1,970 (3 BR) and $2,170 (4 BR) a month.

What is the Section 8 payment standard in 08518?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 08518 that range is $1,485 to $1,815 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 08518?

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.