FMR is near market; voucher and private rents are aligned.
1.04
2 BR
2 BR- 07002
0.93ratio
FMR$2,500
Market$2,700
vs market-$200
FMR is near market; voucher and private rents are aligned.
0.93
3 BR
3 BR- 07002
1.15ratio
FMR$3,040
Market$2,650
vs market+$390
FMR is above market; underwrite to market rent.
1.15
4 BR
4 BR- 07002
1.32ratio
FMR$3,560
Market$2,690
vs market+$870
FMR is above market; underwrite to market rent.
1.32
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
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Bayonne, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Bayonne, NJ is $2,500 a month. That is up 2.9% from $2,430 in FY 2026. Bayonne is in the Jersey City, NJ HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in New Jersey is $2,233, so Bayonne is 12% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Bayonne, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,120
$2,200
+3.8%
$1,980–$2,420
1BR
$2,160
$2,250
+4.2%
$2,025–$2,475
2BR
$2,430
$2,500
+2.9%
$2,250–$2,750
3BR
$2,960
$3,040
+2.7%
$2,736–$3,344
4BR
$3,480
$3,560
+2.3%
$3,204–$3,916
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Bayonne, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,200
$2,250
$2,500
$3,040
$3,560
FY 2026
$2,120
$2,160
$2,430
$2,960
$3,480
FY 2025
$1,800
$1,830
$2,070
$2,570
$2,870
FY 2024
$1,770
$1,800
$2,040
$2,530
$2,820
FY 2023
$1,600
$1,650
$1,890
$2,330
$2,540
Questions about Bayonne, NJ rents
How much will Section 8 pay for a two-bedroom in Bayonne, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,500, that basic range is $2,250 to $2,750 a month. 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 Bayonne, NJ in?
Bayonne, NJ is in the Jersey City, NJ HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Bayonne, NJ for FY 2027?
The two-bedroom FMR rose 2.9%, from $2,430 in FY 2026 to $2,500 in FY 2027. Since FY 2023 it has risen 32.3%.
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