Salem County, NJ

2024 Fair Market Rents

Tags: 2024 SAFMRS Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA

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The top four largest cities in Salem County are Pennsville, Penns Grove, Salem, and Pedricktown. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Salem County use?

Salem County is determined by the HUD to use Small Area Fair Market Rents. 40th percentile FMRs still exist for this county but they are not used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Salem County compare?

Salem County ($1,737) has a 8% lower FMR for 2-Bedroom housing than the average of New Jersey ($1,889) and therefore has a lower gross rent.

Salem County is rank 14th out of 21 counties. This means the FMRs, or in other words, the gross rent is lower than 13 other counties. Salem County is the 8th cheapest county in terms of FMRs.

Rent Tables Salem County, NJ

Fair Market Rent (40th Percentile)

$1,303
studio
$1,451
1-Bedroom
$1,737
2-Bedroom
$2,100
3-Bedroom
$2,422
4-Bedroom

Median Rent (50th Percentile)

$1,415
studio
$1,576
1-Bedroom
$1,886
2-Bedroom
$2,280
3-Bedroom
$2,630
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
08001 $1,130 $1,230 $1,500 $1,860 $2,080
08023 $1,400 $1,550 $1,860 $2,250 $2,590
08038 $1,100 $1,230 $1,470 $1,790 $2,050
08067 $1,560 $1,740 $2,080 $2,510 $2,900
08069 $1,210 $1,340 $1,610 $1,950 $2,250
08070 $1,160 $1,290 $1,540 $1,860 $2,150
08072 $1,100 $1,230 $1,470 $1,780 $2,050
08079 $1,100 $1,230 $1,470 $1,780 $2,050
08347 $1,190 $1,320 $1,580 $1,910 $2,200
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
08001 $1,017 $1,107 $1,350 $1,674 $1,872
08023 $1,260 $1,395 $1,674 $2,025 $2,331
08038 $990 $1,107 $1,323 $1,611 $1,845
08067 $1,404 $1,566 $1,872 $2,259 $2,610
08069 $1,089 $1,206 $1,449 $1,755 $2,025
08070 $1,044 $1,161 $1,386 $1,674 $1,935
08072 $990 $1,107 $1,323 $1,602 $1,845
08079 $990 $1,107 $1,323 $1,602 $1,845
08347 $1,071 $1,188 $1,422 $1,719 $1,980
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
08001 $1,243 $1,353 $1,650 $2,046 $2,288
08023 $1,540 $1,705 $2,046 $2,475 $2,849
08038 $1,210 $1,353 $1,617 $1,969 $2,255
08067 $1,716 $1,914 $2,288 $2,761 $3,190
08069 $1,331 $1,474 $1,771 $2,145 $2,475
08070 $1,276 $1,419 $1,694 $2,046 $2,365
08072 $1,210 $1,353 $1,617 $1,958 $2,255
08079 $1,210 $1,353 $1,617 $1,958 $2,255
08347 $1,309 $1,452 $1,738 $2,101 $2,420

Fair Market Rents on this page apply to the following cities in Salem County, New Jersey: Pennsville, Penns Grove, Salem, Pedricktown, Alloway, Deepwater, Hancocks Bridge, Quinton, and Norma.

These Fair Market Rents also apply to the following ZIP codes in Salem County, New Jersey: 08070, 08069, 08079, 08067, 08001, 08023, 08038, 08072, and 08347.

Salem County, NJ is considered part of the following metro FMR area: PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD MSA.

Other counties in the same metro FMR area are: Burlington County, NJ, Camden County, NJ, and Gloucester County, NJ.

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.