FMR is below market; voucher rent may lag private rents.
0.67
1 BR
1 BR- 07727
0.62ratio
FMR$1,760
Market$2,820
vs market-$1,060
FMR is below market; voucher rent may lag private rents.
0.62
2 BR
2 BR- 07727
0.77ratio
FMR$2,180
Market$2,820
vs market-$640
FMR is below market; voucher rent may lag private rents.
0.77
3 BR
3 BR- 07727
0.86ratio
FMR$2,800
Market$3,270
vs market-$470
FMR is below market; voucher rent may lag private rents.
0.86
4 BR
4 BR- 07727
0.75ratio
FMR$3,090
Market$4,140
vs market-$1,050
FMR is below market; voucher rent may lag private rents.
0.75
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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Farmingdale, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Farmingdale, NJ is $2,180 a month. That is up 5.3% from $2,070 in FY 2026. Farmingdale 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 Farmingdale is 2% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Farmingdale, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,490
$1,600
+7.4%
$1,440–$1,760
1BR
$1,680
$1,760
+4.8%
$1,584–$1,936
2BR
$2,070
$2,180
+5.3%
$1,962–$2,398
3BR
$2,710
$2,800
+3.3%
$2,520–$3,080
4BR
$3,000
$3,090
+3.0%
$2,781–$3,399
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Farmingdale, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,600
$1,760
$2,180
$2,800
$3,090
FY 2026
$1,490
$1,680
$2,070
$2,710
$3,000
FY 2025
$1,210
$1,360
$1,680
$2,240
$2,490
FY 2024
$1,080
$1,210
$1,500
$2,040
$2,270
FY 2023
$860
$960
$1,200
$1,640
$1,830
Questions about Farmingdale, NJ rents
How much will Section 8 pay for a two-bedroom in Farmingdale, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,180, that basic range is $1,962 to $2,398 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 Farmingdale, NJ in?
Farmingdale, 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 Farmingdale, NJ for FY 2027?
The two-bedroom FMR rose 5.3%, from $2,070 in FY 2026 to $2,180 in FY 2027. Since FY 2023 it has risen 81.7%.
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