FMR is below market; voucher rent may lag private rents.
0.77
1 BR
1 BR- 07206
1.17ratio
FMR$1,760
Market$1,510
vs market+$250
FMR is above market; underwrite to market rent.
1.17
2 BR
2 BR- 07206
0.92ratio
FMR$2,120
Market$2,310
vs market-$190
FMR is near market; voucher and private rents are aligned.
0.92
3 BR
3 BR- 07206
1.00ratio
FMR$2,640
Market$2,640
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
4 BR
4 BR- 07206
1.06ratio
FMR$3,030
Market$2,850
vs market+$180
FMR is near market; voucher and private rents are aligned.
1.06
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
--
Elizabethport, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Elizabethport, NJ is $2,120 a month. That is up 7.1% from $1,980 in FY 2026. Elizabethport 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 Elizabethport is 5% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Elizabethport, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,450
$1,550
+6.9%
$1,395–$1,705
1BR
$1,640
$1,760
+7.3%
$1,584–$1,936
2BR
$1,980
$2,120
+7.1%
$1,908–$2,332
3BR
$2,480
$2,640
+6.5%
$2,376–$2,904
4BR
$2,820
$3,030
+7.4%
$2,727–$3,333
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Elizabethport, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,550
$1,760
$2,120
$2,640
$3,030
FY 2026
$1,450
$1,640
$1,980
$2,480
$2,820
FY 2025
$1,300
$1,490
$1,800
$2,270
$2,580
FY 2024
$1,150
$1,330
$1,600
$2,020
$2,340
FY 2023
$960
$1,140
$1,370
$1,740
$2,040
Questions about Elizabethport, NJ rents
How much will Section 8 pay for a two-bedroom in Elizabethport, 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 $2,120 it would be $1,908 to $2,332. 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 Elizabethport, NJ in?
Elizabethport, 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 Elizabethport, NJ for FY 2027?
The two-bedroom FMR rose 7.1%, from $1,980 in FY 2026 to $2,120 in FY 2027. Since FY 2023 it has risen 54.7%.
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