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NJ/Somerset County/Flemington

Flemington, NJ

CitySAFMR
Somerset County
Found 1 ZIP

City Median Investment Score

50Below average

095130300
BRFMR
Eff. Rent
0 BR$1,700$1,870
1 BR$1,840$1,980
2 BR$2,290$2,520
3 BR$2,730$2,930
4 BR$3,060$3,270
5 BR$3,519Not available
6 BR$4,047Not available
7 BR$4,654Not available
8 BR$5,352Not available

Purchase Price Calculator

Maximum purchase price
$312,554

Cost breakdown

+Likely effective rent$2,520
HUD FMR$2,290
Market rent$2,730
Est. payment standard (110%)Used$2,520
-Principal and interest-$1,580
Loan amount$250,044
Down payment$62,511
Rate6.50%
Term30 years
-Operating costs-$740
Property taxes-$313
Insurance-$175
Utilities$0
HOA$0
Management-$252
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,191(64.3% ROI)
Projected value
$336,587
Return breakdown
Property appreciation+$24,033
Loan principal paid down+$8,958
Rental cash flow+$7,200
5-year hold
+$69,048(110.5% ROI)
Projected value
$353,627
Return breakdown
Property appreciation+$41,072
Loan principal paid down+$15,975
Rental cash flow+$12,000
10-year hold
+$149,608(239.3% ROI)
Projected value
$400,096
Return breakdown
Property appreciation+$87,542
Loan principal paid down+$38,066
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.74
1 BR
0.90
2 BR
0.84
3 BR
0.90
4 BR
0.91
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Flemington, NJ fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Flemington, NJ is $2,290 a month. That is up 2.2% from $2,240 in FY 2026. Flemington is in the Middlesex-Somerset-Hunterdon, 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 $2,623. The median county two-bedroom FMR in New Jersey is $2,233, so Flemington is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Flemington, NJ
BedroomsFY 2027Change90–110% range
Studio$1,700+4.3%$1,530–$1,870
1BR$1,840+3.4%$1,656–$2,024
2BR$2,290+2.2%$2,061–$2,519
3BR$2,730+1.5%$2,457–$3,003
4BR$3,060+3.0%$2,754–$3,366

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Flemington, NJ
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,700$1,840$2,290$2,730$3,060
FY 2026$1,630$1,780$2,240$2,690$2,970
FY 2025$1,450$1,630$2,050$2,490$2,730
FY 2024$1,530$1,710$2,160$2,620$2,880
FY 2023$1,310$1,490$1,880$2,290$2,530

Questions about Flemington, NJ rents

How much will Section 8 pay for a two-bedroom in Flemington, NJ?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,623, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,361 to $2,885 a month; under the ZIP-level Small Area FMR of $2,290 it would be $2,061 to $2,519. 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 Flemington, NJ in?

Flemington, NJ is in the Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,623.

How much did fair market rent change in Flemington, NJ for FY 2027?

The two-bedroom FMR rose 2.2%, from $2,240 in FY 2026 to $2,290 in FY 2027. Since FY 2023 it has risen 21.8%.

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