FMR is below market; voucher rent may lag private rents.
0.77
1 BR
1 BR- 07932
1.05ratio
FMR$2,780
Market$2,640
vs market+$140
FMR is near market; voucher and private rents are aligned.
1.05
2 BR
2 BR- 07932
0.90ratio
FMR$3,350
Market$3,720
vs market-$370
FMR is near market; voucher and private rents are aligned.
0.90
3 BR
3 BR- 07932
0.97ratio
FMR$4,180
Market$4,300
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.97
4 BR
4 BR- 07932
0.82ratio
FMR$4,780
Market$5,810
vs market-$1,030
FMR is below market; voucher rent may lag private rents.
0.82
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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Florham Park, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Florham Park, NJ is $3,350 a month. That is up 1.2% from $3,310 in FY 2026. Florham Park 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 Florham Park is 50% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Florham Park, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,420
$2,460
+1.7%
$2,214–$2,706
1BR
$2,740
$2,780
+1.5%
$2,502–$3,058
2BR
$3,310
$3,350
+1.2%
$3,015–$3,685
3BR
$4,140
$4,180
+1.0%
$3,762–$4,598
4BR
$4,710
$4,780
+1.5%
$4,302–$5,258
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Florham Park, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,460
$2,780
$3,350
$4,180
$4,780
FY 2026
$2,420
$2,740
$3,310
$4,140
$4,710
FY 2025
$2,330
$2,650
$3,210
$4,040
$4,600
FY 2024
$2,070
$2,380
$2,870
$3,630
$4,190
FY 2023
$1,690
$2,010
$2,410
$3,060
$3,590
Questions about Florham Park, NJ rents
How much will Section 8 pay for a two-bedroom in Florham Park, 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 $3,350 it would be $3,015 to $3,685. 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 Florham Park, NJ in?
Florham Park, 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 Florham Park, NJ for FY 2027?
The two-bedroom FMR rose 1.2%, from $3,310 in FY 2026 to $3,350 in FY 2027. Since FY 2023 it has risen 39.0%.
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