FMR is below market; voucher rent may lag private rents.
0.72
1 BR
1 BR- 07021
1.00ratio
FMR$2,370
Market$2,380
vs market-$10
FMR is near market; voucher and private rents are aligned.
1.00
2 BR
2 BR- 07021
0.92ratio
FMR$2,860
Market$3,110
vs market-$250
FMR is near market; voucher and private rents are aligned.
0.92
3 BR
3 BR- 07021
0.98ratio
FMR$3,560
Market$3,630
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR- 07021
0.78ratio
FMR$4,080
Market$5,260
vs market-$1,180
FMR is below market; voucher rent may lag private rents.
0.78
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
--
Essex Fells, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Essex Fells, NJ is $2,860 a month. That is up 0.4% from $2,850 in FY 2026. Essex Fells 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 Essex Fells is 28% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Essex Fells, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,080
$2,090
+0.5%
$1,881–$2,299
1BR
$2,360
$2,370
+0.4%
$2,133–$2,607
2BR
$2,850
$2,860
+0.4%
$2,574–$3,146
3BR
$3,570
$3,560
−0.3%
$3,204–$3,916
4BR
$4,060
$4,080
+0.5%
$3,672–$4,488
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Essex Fells, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,090
$2,370
$2,860
$3,560
$4,080
FY 2026
$2,080
$2,360
$2,850
$3,570
$4,060
FY 2025
$2,020
$2,300
$2,780
$3,500
$3,990
FY 2024
$1,790
$2,060
$2,490
$3,150
$3,630
FY 2023
$1,450
$1,720
$2,060
$2,620
$3,080
Questions about Essex Fells, NJ rents
How much will Section 8 pay for a two-bedroom in Essex Fells, 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 $2,860 it would be $2,574 to $3,146. 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 Essex Fells, NJ in?
Essex Fells, 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 Essex Fells, NJ for FY 2027?
The two-bedroom FMR rose 0.4%, from $2,850 in FY 2026 to $2,860 in FY 2027. Since FY 2023 it has risen 38.8%.
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