FMR is below market; voucher rent may lag private rents.
0.82
1 BR
1 BR- 07721
0.88ratio
FMR$2,000
Market$2,280
vs market-$280
FMR is below market; voucher rent may lag private rents.
0.88
2 BR
2 BR- 07721
0.90ratio
FMR$2,480
Market$2,750
vs market-$270
FMR is near market; voucher and private rents are aligned.
0.90
3 BR
3 BR- 07721
0.97ratio
FMR$3,170
Market$3,270
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.97
4 BR
4 BR- 07721
0.90ratio
FMR$3,510
Market$3,890
vs market-$380
FMR is near market; voucher and private rents are aligned.
0.90
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
--
Cliffwood, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Cliffwood, NJ is $2,480 a month. That is down 3.5% from $2,570 in FY 2026. Cliffwood is in the Monmouth-Ocean, 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 Cliffwood is 11% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Cliffwood, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,850
$1,810
−2.2%
$1,629–$1,991
1BR
$2,090
$2,000
−4.3%
$1,800–$2,200
2BR
$2,570
$2,480
−3.5%
$2,232–$2,728
3BR
$3,360
$3,170
−5.7%
$2,853–$3,487
4BR
$3,720
$3,510
−5.6%
$3,159–$3,861
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Cliffwood, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,810
$2,000
$2,480
$3,170
$3,510
FY 2026
$1,850
$2,090
$2,570
$3,360
$3,720
FY 2025
$1,570
$1,760
$2,170
$2,890
$3,210
FY 2024
$1,400
$1,560
$1,930
$2,620
$2,930
FY 2023
$1,080
$1,200
$1,500
$2,050
$2,290
Questions about Cliffwood, NJ rents
How much will Section 8 pay for a two-bedroom in Cliffwood, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,480, that basic range is $2,232 to $2,728 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 Cliffwood, NJ in?
Cliffwood, NJ is in the Monmouth-Ocean, 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 Cliffwood, NJ for FY 2027?
The two-bedroom FMR fell 3.5%, from $2,570 in FY 2026 to $2,480 in FY 2027. Since FY 2023 it has risen 65.3%.
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