NJ/Sussex County/FRANKLIN
FRANKLIN, NJ
CityFMR
Sussex County
Found 1 ZIP
BRFMR
Eff. Rent
0 BR$1,612$1,770
1 BR$1,822$1,800
2 BR$2,205$2,120
3 BR$2,761$2,760
4 BR$3,137$3,100
5 BR$3,608
6 BR$4,149
7 BR$4,771
8 BR$5,487

Purchase Price Calculator

Maximum purchase price
$253,115

Cost breakdown

+Likely effective rent$2,120
HUD FMR$2,205
Market rentUsed$2,120
Est. payment standard (97%)$2,150
Market rent is below the inferred standard ($2,150, 97% of FMR).
-Principal and interest-$1,280
Loan amount$202,492
Down payment$50,623
Rate6.50%
Term30 years
-Operating costs-$640
Property taxes-$253
Insurance-$175
Utilities$0
HOA$0
Management-$212
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,917(67.0% ROI)
Projected value
$272,577
Current value$253,115
Return breakdown
Property appreciation+$19,462
Loan principal paid down+$7,255
Rental cash flow+$7,200
5-year hold
+$58,199(115.0% ROI)
Projected value
$286,376
Current value$253,115
Return breakdown
Property appreciation+$33,261
Loan principal paid down+$12,937
Rental cash flow+$12,000
10-year hold
+$125,721(248.3% ROI)
Projected value
$324,008
Current value$253,115
Return breakdown
Property appreciation+$70,893
Loan principal paid down+$30,827
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio- 07416
0.76ratio
FMR$1,612
Market$2,120
vs market-$508

FMR is below market; voucher rent may lag private rents.

90% standard$1,451 / 0.68 ratio110% standard$1,773 / 0.84 ratio
0.76
1 BR
1 BR- 07416
1.01ratio
FMR$1,822
Market$1,800
vs market+$22

FMR is near market; voucher and private rents are aligned.

90% standard$1,640 / 0.91 ratio110% standard$2,004 / 1.11 ratio
1.01
2 BR
2 BR- 07416
1.04ratio
FMR$2,205
Market$2,120
vs market+$85

FMR is near market; voucher and private rents are aligned.

90% standard$1,985 / 0.94 ratio110% standard$2,426 / 1.14 ratio
1.04
3 BR
3 BR- 07416
1.00ratio
FMR$2,761
Market$2,760
vs market+$1

FMR is near market; voucher and private rents are aligned.

90% standard$2,485 / 0.90 ratio110% standard$3,037 / 1.10 ratio
1.00
4 BR
4 BR- 07416
1.01ratio
FMR$3,137
Market$3,100
vs market+$37

FMR is near market; voucher and private rents are aligned.

90% standard$2,823 / 0.91 ratio110% standard$3,451 / 1.11 ratio
1.01
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for FRANKLIN, NJ (NJ) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled FMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

Related ZIPs

FRANKLIN, NJ fair market rent and Section 8 rent limits

The FY 2026 HUD Fair Market Rent (FMR) page for FRANKLIN, NJ shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,205 and the 4 bedroom fair market rent is $3,137.

Use this page for searches like FRANKLIN, NJ FMR, FRANKLIN, NJ fair market rent, and FRANKLIN, NJ Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for FRANKLIN, NJ
Bedroom sizeHUD FMR
Studio$1,612
1 bedroom$1,822
2 bedroom$2,205
3 bedroom$2,761
4 bedroom$3,137