FMR is below market; voucher rent may lag private rents.
0.73
1 BR
1 BR- 07016
0.96ratio
FMR$2,380
Market$2,490
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.96
2 BR
2 BR- 07016
1.01ratio
FMR$2,870
Market$2,830
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.01
3 BR
3 BR- 07016
0.93ratio
FMR$3,580
Market$3,830
vs market-$250
FMR is near market; voucher and private rents are aligned.
0.93
4 BR
4 BR- 07016
0.96ratio
FMR$4,100
Market$4,290
vs market-$190
FMR is near market; voucher and private rents are aligned.
0.96
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
--
Cranford, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Cranford, NJ is $2,870 a month. That is up 2.9% from $2,790 in FY 2026. Cranford 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 Cranford is 29% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Cranford, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,040
$2,100
+2.9%
$1,890–$2,310
1BR
$2,310
$2,380
+3.0%
$2,142–$2,618
2BR
$2,790
$2,870
+2.9%
$2,583–$3,157
3BR
$3,490
$3,580
+2.6%
$3,222–$3,938
4BR
$3,970
$4,100
+3.3%
$3,690–$4,510
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Cranford, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,100
$2,380
$2,870
$3,580
$4,100
FY 2026
$2,040
$2,310
$2,790
$3,490
$3,970
FY 2025
$1,910
$2,180
$2,640
$3,320
$3,780
FY 2024
$1,770
$2,040
$2,460
$3,110
$3,590
FY 2023
$1,510
$1,790
$2,150
$2,730
$3,200
Questions about Cranford, NJ rents
How much will Section 8 pay for a two-bedroom in Cranford, 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 $2,870 it would be $2,583 to $3,157. 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 Cranford, NJ in?
Cranford, 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 Cranford, NJ for FY 2027?
The two-bedroom FMR rose 2.9%, from $2,790 in FY 2026 to $2,870 in FY 2027. Since FY 2023 it has risen 33.5%.
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