FMR is near market; voucher and private rents are aligned.
0.92
1 BR
1 BR- 08802
1.33ratio
FMR$2,200
Market$1,650
vs market+$550
FMR is above market; underwrite to market rent.
1.33
2 BR
2 BR- 08802
1.30ratio
FMR$2,750
Market$2,120
vs market+$630
FMR is above market; underwrite to market rent.
1.30
3 BR
3 BR- 08802
1.27ratio
FMR$3,350
Market$2,640
vs market+$710
FMR is above market; underwrite to market rent.
1.27
4 BR
4 BR- 08802
1.33ratio
FMR$3,760
Market$2,820
vs market+$940
FMR is above market; underwrite to market rent.
1.33
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Asbury, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Asbury, NJ is $2,750 a month. That is down 9.8% from $3,050 in FY 2026. Asbury is in the Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $2,623. The median county two-bedroom FMR in New Jersey is $2,233, so Asbury is 23% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Asbury, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,280
$2,060
−9.6%
$1,854–$2,266
1BR
$2,440
$2,200
−9.8%
$1,980–$2,420
2BR
$3,050
$2,750
−9.8%
$2,475–$3,025
3BR
$3,720
$3,350
−9.9%
$3,015–$3,685
4BR
$4,170
$3,760
−9.8%
$3,384–$4,136
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Asbury, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,060
$2,200
$2,750
$3,350
$3,760
FY 2026
$2,280
$2,440
$3,050
$3,720
$4,170
FY 2025
$1,910
$2,070
$2,580
$3,160
$3,550
FY 2024
$1,810
$2,010
$2,510
$3,080
$3,440
FY 2023
$1,510
$1,700
$2,120
$2,590
$2,900
Questions about Asbury, NJ rents
How much will Section 8 pay for a two-bedroom in Asbury, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,623, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,361 to $2,885 a month; under the ZIP-level Small Area FMR of $2,750 it would be $2,475 to $3,025. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Asbury, NJ in?
Asbury, NJ is in the Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,623.
How much did fair market rent change in Asbury, NJ for FY 2027?
The two-bedroom FMR fell 9.8%, from $3,050 in FY 2026 to $2,750 in FY 2027. Since FY 2023 it has risen 29.7%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set