CARTERET, NJ
CityFMR
Middlesex County
Found 1 ZIP
BRFMR
Eff. Rent
0 BR$1,804$1,980
1 BR$1,978$2,170
2 BR$2,486$2,600
3 BR$2,981$3,060
4 BR$3,296$3,490
5 BR$3,790
6 BR$4,359
7 BR$5,013
8 BR$5,765

Purchase Price Calculator

Maximum purchase price
$324,442

Cost breakdown

+Likely effective rent$2,600
HUD FMR$2,486
Market rent$2,660
Est. payment standard (105%)Used$2,600
Estimated payment standard is $2,600 (105% of FMR).
-Principal and interest-$1,641
Loan amount$259,554
Down payment$64,888
Rate6.50%
Term30 years
-Operating costs-$759
Property taxes-$324
Insurance-$175
Utilities$0
HOA$0
Management-$260
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$41,446(63.9% ROI)
Projected value
$349,389
Current value$324,442
Return breakdown
Property appreciation+$24,947
Loan principal paid down+$9,299
Rental cash flow+$7,200
5-year hold
+$71,217(109.8% ROI)
Projected value
$367,077
Current value$324,442
Return breakdown
Property appreciation+$42,634
Loan principal paid down+$16,583
Rental cash flow+$12,000
10-year hold
+$154,385(237.9% ROI)
Projected value
$415,314
Current value$324,442
Return breakdown
Property appreciation+$90,871
Loan principal paid down+$39,514
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio- 07008
0.65ratio
FMR$1,804
Market$2,770
vs market-$966

FMR is below market; voucher rent may lag private rents.

90% standard$1,624 / 0.59 ratio110% standard$1,984 / 0.72 ratio
0.65
1 BR
1 BR- 07008
0.87ratio
FMR$1,978
Market$2,280
vs market-$302

FMR is below market; voucher rent may lag private rents.

90% standard$1,780 / 0.78 ratio110% standard$2,176 / 0.95 ratio
0.87
2 BR
2 BR- 07008
0.93ratio
FMR$2,486
Market$2,660
vs market-$174

FMR is near market; voucher and private rents are aligned.

90% standard$2,237 / 0.84 ratio110% standard$2,735 / 1.03 ratio
0.93
3 BR
3 BR- 07008
0.96ratio
FMR$2,981
Market$3,100
vs market-$119

FMR is near market; voucher and private rents are aligned.

90% standard$2,683 / 0.87 ratio110% standard$3,279 / 1.06 ratio
0.96
4 BR
4 BR- 07008
0.92ratio
FMR$3,296
Market$3,590
vs market-$294

FMR is near market; voucher and private rents are aligned.

90% standard$2,966 / 0.83 ratio110% standard$3,626 / 1.01 ratio
0.92
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for CARTERET, NJ (NJ) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled FMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

Related ZIPs

CARTERET, NJ fair market rent and Section 8 rent limits

The FY 2026 HUD Fair Market Rent (FMR) page for CARTERET, NJ shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,486 and the 4 bedroom fair market rent is $3,296.

Use this page for searches like CARTERET, NJ FMR, CARTERET, NJ fair market rent, and CARTERET, NJ Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for CARTERET, NJ
Bedroom sizeHUD FMR
Studio$1,804
1 bedroom$1,978
2 bedroom$2,486
3 bedroom$2,981
4 bedroom$3,296