FMR is near market; voucher and private rents are aligned.
1.04
1 BR
1 BR- 07961
1.18ratio
FMR$2,680
Market$2,270
vs market+$410
FMR is above market; underwrite to market rent.
1.18
2 BR
2 BR- 07961
0.99ratio
FMR$3,240
Market$3,270
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.99
3 BR
3 BR- 07961
0.93ratio
FMR$4,040
Market$4,330
vs market-$290
FMR is near market; voucher and private rents are aligned.
0.93
4 BR
4 BR- 07961
0.84ratio
FMR$4,620
Market$5,470
vs market-$850
FMR is below market; voucher rent may lag private rents.
0.84
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
--
Convent Station, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Convent Station, NJ is $3,240 a month. That is up 1.9% from $3,180 in FY 2026. Convent Station is in the Newark, 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 $2,233. The median county two-bedroom FMR in New Jersey is $2,233, so Convent Station is 45% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Convent Station, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,330
$2,370
+1.7%
$2,133–$2,607
1BR
$2,630
$2,680
+1.9%
$2,412–$2,948
2BR
$3,180
$3,240
+1.9%
$2,916–$3,564
3BR
$3,990
$4,040
+1.3%
$3,636–$4,444
4BR
$4,530
$4,620
+2.0%
$4,158–$5,082
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Convent Station, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,370
$2,680
$3,240
$4,040
$4,620
FY 2026
$2,330
$2,630
$3,180
$3,990
$4,530
FY 2025
$2,220
$2,530
$3,060
$3,860
$4,390
FY 2024
$2,060
$2,370
$2,860
$3,610
$4,170
FY 2023
$1,340
$1,590
$1,910
$2,420
$2,850
Questions about Convent Station, NJ rents
How much will Section 8 pay for a two-bedroom in Convent Station, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,233, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,010 to $2,456 a month; under the ZIP-level Small Area FMR of $3,240 it would be $2,916 to $3,564. 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 Convent Station, NJ in?
Convent Station, NJ is in the Newark, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,233.
How much did fair market rent change in Convent Station, NJ for FY 2027?
The two-bedroom FMR rose 1.9%, from $3,180 in FY 2026 to $3,240 in FY 2027. Since FY 2023 it has risen 69.6%.
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