FMR is near market; voucher and private rents are aligned.
1.09
2 BR
2 BR- 08515
1.12ratio
FMR$2,790
Market$2,490
vs market+$300
FMR is above market; underwrite to market rent.
1.12
3 BR
3 BR- 08515
1.13ratio
FMR$3,320
Market$2,950
vs market+$370
FMR is above market; underwrite to market rent.
1.13
4 BR
4 BR- 08515
0.97ratio
FMR$3,670
Market$3,800
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.97
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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Chesterfield, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Chesterfield, NJ is $2,790 a month. That is up 2.6% from $2,720 in FY 2026. Chesterfield is in the Trenton-Princeton, NJ MSA, 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 Chesterfield is 25% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Chesterfield, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,100
$2,160
+2.9%
$1,944–$2,376
1BR
$2,280
$2,340
+2.6%
$2,106–$2,574
2BR
$2,720
$2,790
+2.6%
$2,511–$3,069
3BR
$3,260
$3,320
+1.8%
$2,988–$3,652
4BR
$3,640
$3,670
+0.8%
$3,303–$4,037
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Chesterfield, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,160
$2,340
$2,790
$3,320
$3,670
FY 2026
$2,100
$2,280
$2,720
$3,260
$3,640
FY 2025
$2,060
$2,270
$2,700
$3,250
$3,700
FY 2024
$1,880
$2,100
$2,510
$3,030
$3,500
FY 2023
$1,510
$1,700
$2,050
$2,490
$2,900
Questions about Chesterfield, NJ rents
How much will Section 8 pay for a two-bedroom in Chesterfield, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,790, that basic range is $2,511 to $3,069 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 Chesterfield, NJ in?
Chesterfield, NJ is in the Trenton-Princeton, NJ MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Chesterfield, NJ for FY 2027?
The two-bedroom FMR rose 2.6%, from $2,720 in FY 2026 to $2,790 in FY 2027. Since FY 2023 it has risen 36.1%.
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