FMR is below market; voucher rent may lag private rents.
0.69
1 BR
1 BR- 07828
0.89ratio
FMR$1,700
Market$1,900
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.89
2 BR
2 BR- 07828
0.79ratio
FMR$2,050
Market$2,590
vs market-$540
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR- 07828
0.79ratio
FMR$2,560
Market$3,230
vs market-$670
FMR is below market; voucher rent may lag private rents.
0.79
4 BR
4 BR- 07828
0.78ratio
FMR$2,930
Market$3,750
vs market-$820
FMR is below market; voucher rent may lag private rents.
0.78
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
--
Budd Lake, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Budd Lake, NJ is $2,050 a month. That is up 2.0% from $2,010 in FY 2026. Budd Lake is in the Warren County, 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 $2,021. The median county two-bedroom FMR in New Jersey is $2,233, so Budd Lake is 8% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Budd Lake, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,470
$1,500
+2.0%
$1,350–$1,650
1BR
$1,660
$1,700
+2.4%
$1,530–$1,870
2BR
$2,010
$2,050
+2.0%
$1,845–$2,255
3BR
$2,520
$2,560
+1.6%
$2,304–$2,816
4BR
$2,860
$2,930
+2.4%
$2,637–$3,223
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Budd Lake, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,500
$1,700
$2,050
$2,560
$2,930
FY 2026
$1,470
$1,660
$2,010
$2,520
$2,860
FY 2025
$1,410
$1,610
$1,950
$2,460
$2,790
FY 2024
$1,260
$1,450
$1,750
$2,210
$2,560
FY 2023
$1,030
$1,220
$1,460
$1,850
$2,180
Questions about Budd Lake, NJ rents
How much will Section 8 pay for a two-bedroom in Budd Lake, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,021, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,819 to $2,223 a month; under the ZIP-level Small Area FMR of $2,050 it would be $1,845 to $2,255. 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 Budd Lake, NJ in?
Budd Lake, NJ is in the Warren County, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,021.
How much did fair market rent change in Budd Lake, NJ for FY 2027?
The two-bedroom FMR rose 2.0%, from $2,010 in FY 2026 to $2,050 in FY 2027. Since FY 2023 it has risen 40.4%.
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