FMR is near market; voucher and private rents are aligned.
1.04
1 BR
1 BR- 07838
1.19ratio
FMR$2,190
Market$1,840
vs market+$350
FMR is above market; underwrite to market rent.
1.19
2 BR
2 BR- 07838
1.13ratio
FMR$2,730
Market$2,420
vs market+$310
FMR is above market; underwrite to market rent.
1.13
3 BR
3 BR- 07838
1.17ratio
FMR$3,350
Market$2,870
vs market+$480
FMR is above market; underwrite to market rent.
1.17
4 BR
4 BR- 07838
1.43ratio
FMR$3,970
Market$2,780
vs market+$1,190
FMR is above market; underwrite to market rent.
1.43
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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Great Meadows, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Great Meadows, NJ is $2,730 a month. That is up 5.0% from $2,600 in FY 2026. Great Meadows is in the Warren County, 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 $2,021. The median county two-bedroom FMR in New Jersey is $2,233, so Great Meadows is 22% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Great Meadows, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,080
$2,180
+4.8%
$1,962–$2,398
1BR
$2,090
$2,190
+4.8%
$1,971–$2,409
2BR
$2,600
$2,730
+5.0%
$2,457–$3,003
3BR
$3,300
$3,350
+1.5%
$3,015–$3,685
4BR
$3,840
$3,970
+3.4%
$3,573–$4,367
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Great Meadows, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,180
$2,190
$2,730
$3,350
$3,970
FY 2026
$2,080
$2,090
$2,600
$3,300
$3,840
FY 2025
$1,780
$1,790
$2,170
$2,780
$3,250
FY 2024
$1,470
$1,610
$1,940
$2,460
$2,870
FY 2023
$1,400
$1,550
$1,870
$2,320
$2,680
Questions about Great Meadows, NJ rents
How much will Section 8 pay for a two-bedroom in Great Meadows, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,021, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,819 to $2,223 a month; under the ZIP-level Small Area FMR of $2,730 it would be $2,457 to $3,003. 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 Great Meadows, NJ in?
Great Meadows, NJ is in the Warren County, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,021.
How much did fair market rent change in Great Meadows, NJ for FY 2027?
The two-bedroom FMR rose 5.0%, from $2,600 in FY 2026 to $2,730 in FY 2027. Since FY 2023 it has risen 46.0%.
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