FMR is below market; voucher rent may lag private rents.
0.39
1 BR
1 BR- 07627
1.39ratio
FMR$2,840
Market$2,040
vs market+$800
FMR is above market; underwrite to market rent.
1.39
2 BR
2 BR- 07627
0.72ratio
FMR$3,270
Market$4,570
vs market-$1,300
FMR is below market; voucher rent may lag private rents.
0.72
3 BR
3 BR- 07627
0.84ratio
FMR$3,960
Market$4,690
vs market-$730
FMR is below market; voucher rent may lag private rents.
0.84
4 BR
4 BR- 07627
0.71ratio
FMR$5,000
Market$7,010
vs market-$2,010
FMR is below market; voucher rent may lag private rents.
0.71
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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Demarest, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Demarest, NJ is $3,270 a month. That is down 2.4% from $3,350 in FY 2026. Demarest is in the Bergen-Passaic, 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 Demarest is 46% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Demarest, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,560
$2,540
−0.8%
$2,286–$2,794
1BR
$2,920
$2,840
−2.7%
$2,556–$3,124
2BR
$3,350
$3,270
−2.4%
$2,943–$3,597
3BR
$4,090
$3,960
−3.2%
$3,564–$4,356
4BR
$5,210
$5,000
−4.0%
$4,500–$5,500
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Demarest, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,540
$2,840
$3,270
$3,960
$5,000
FY 2026
$2,560
$2,920
$3,350
$4,090
$5,210
FY 2025
$2,280
$2,650
$3,040
$3,740
$4,730
FY 2024
$2,060
$2,430
$2,790
$3,460
$4,350
FY 2023
$1,980
$2,370
$2,750
$3,410
$4,290
Questions about Demarest, NJ rents
How much will Section 8 pay for a two-bedroom in Demarest, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,270, that basic range is $2,943 to $3,597 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 Demarest, NJ in?
Demarest, NJ is in the Bergen-Passaic, 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 Demarest, NJ for FY 2027?
The two-bedroom FMR fell 2.4%, from $3,350 in FY 2026 to $3,270 in FY 2027. Since FY 2023 it has risen 18.9%.
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