FMR is near market; voucher and private rents are aligned.
0.98
3 BR
3 BR- 07020
1.05ratio
FMR$4,130
Market$3,940
vs market+$190
FMR is near market; voucher and private rents are aligned.
1.05
4 BR
4 BR- 07020
0.94ratio
FMR$5,210
Market$5,570
vs market-$360
FMR is near market; voucher and private rents are aligned.
0.94
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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Edgewater, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Edgewater, NJ is $3,400 a month. That is down 2.6% from $3,490 in FY 2026. Edgewater 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 Edgewater is 52% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Edgewater, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,670
$2,640
−1.1%
$2,376–$2,904
1BR
$3,040
$2,960
−2.6%
$2,664–$3,256
2BR
$3,490
$3,400
−2.6%
$3,060–$3,740
3BR
$4,260
$4,130
−3.1%
$3,717–$4,543
4BR
$5,430
$5,210
−4.1%
$4,689–$5,731
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Edgewater, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,640
$2,960
$3,400
$4,130
$5,210
FY 2026
$2,670
$3,040
$3,490
$4,260
$5,430
FY 2025
$2,340
$2,710
$3,110
$3,830
$4,840
FY 2024
$2,100
$2,470
$2,840
$3,520
$4,420
FY 2023
$1,980
$2,370
$2,750
$3,410
$4,290
Questions about Edgewater, NJ rents
How much will Section 8 pay for a two-bedroom in Edgewater, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,400, that basic range is $3,060 to $3,740 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 Edgewater, NJ in?
Edgewater, 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 Edgewater, NJ for FY 2027?
The two-bedroom FMR fell 2.6%, from $3,490 in FY 2026 to $3,400 in FY 2027. Since FY 2023 it has risen 23.6%.
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