FMR is near market; voucher and private rents are aligned.
0.93
1 BR
1 BR- 07001
0.94ratio
FMR$2,170
Market$2,320
vs market-$150
FMR is near market; voucher and private rents are aligned.
0.94
2 BR
2 BR- 07001
0.94ratio
FMR$2,710
Market$2,880
vs market-$170
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR- 07001
1.03ratio
FMR$3,230
Market$3,130
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.03
4 BR
4 BR- 07001
0.95ratio
FMR$3,620
Market$3,810
vs market-$190
FMR is near market; voucher and private rents are aligned.
0.95
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
--
Avenel, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Avenel, NJ is $2,710 a month. That is up 6.7% from $2,540 in FY 2026. Avenel 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 Avenel is 21% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Avenel, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,840
$2,020
+9.8%
$1,818–$2,222
1BR
$2,020
$2,170
+7.4%
$1,953–$2,387
2BR
$2,540
$2,710
+6.7%
$2,439–$2,981
3BR
$3,050
$3,230
+5.9%
$2,907–$3,553
4BR
$3,370
$3,620
+7.4%
$3,258–$3,982
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Avenel, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,020
$2,170
$2,710
$3,230
$3,620
FY 2026
$1,840
$2,020
$2,540
$3,050
$3,370
FY 2025
$1,550
$1,740
$2,190
$2,640
$2,900
FY 2024
$1,600
$1,800
$2,270
$2,750
$3,020
FY 2023
$1,310
$1,490
$1,880
$2,290
$2,530
Questions about Avenel, NJ rents
How much will Section 8 pay for a two-bedroom in Avenel, 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 $2,710 it would be $2,439 to $2,981. 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 Avenel, NJ in?
Avenel, 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 Avenel, NJ for FY 2027?
The two-bedroom FMR rose 6.7%, from $2,540 in FY 2026 to $2,710 in FY 2027. Since FY 2023 it has risen 44.1%.
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