FMR is below market; voucher rent may lag private rents.
0.56
1 BR
1 BR- 08514
0.64ratio
FMR$1,660
Market$2,610
vs market-$950
FMR is below market; voucher rent may lag private rents.
0.64
2 BR
2 BR- 08514
0.75ratio
FMR$2,060
Market$2,750
vs market-$690
FMR is below market; voucher rent may lag private rents.
0.75
3 BR
3 BR- 08514
0.86ratio
FMR$2,630
Market$3,050
vs market-$420
FMR is below market; voucher rent may lag private rents.
0.86
4 BR
4 BR- 08514
0.73ratio
FMR$2,910
Market$4,000
vs market-$1,090
FMR is below market; voucher rent may lag private rents.
0.73
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
--
Cream Ridge, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Cream Ridge, NJ is $2,060 a month. That is unchanged from FY 2026. Cream Ridge 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 Cream Ridge is 8% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Cream Ridge, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,490
$1,510
+1.3%
$1,359–$1,661
1BR
$1,670
$1,660
−0.6%
$1,494–$1,826
2BR
$2,060
$2,060
0.0%
$1,854–$2,266
3BR
$2,680
$2,630
−1.9%
$2,367–$2,893
4BR
$2,980
$2,910
−2.3%
$2,619–$3,201
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Cream Ridge, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,510
$1,660
$2,060
$2,630
$2,910
FY 2026
$1,490
$1,670
$2,060
$2,680
$2,980
FY 2025
$1,450
$1,630
$2,010
$2,680
$2,980
FY 2024
$1,400
$1,560
$1,930
$2,620
$2,930
FY 2023
$1,090
$1,220
$1,530
$2,090
$2,330
Questions about Cream Ridge, NJ rents
How much will Section 8 pay for a two-bedroom in Cream Ridge, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,060, that basic range is $1,854 to $2,266 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 Cream Ridge, NJ in?
Cream Ridge, 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 Cream Ridge, NJ for FY 2027?
The two-bedroom FMR was unchanged at $2,060 in FY 2027. Since FY 2023 it has risen 34.6%.
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