NJ/Salem County/HANCOCKS BRIDGE
HANCOCKS BRIDGE, NJ
CityFMR
Salem County
Found 1 ZIP
BRFMR
Eff. Rent
0 BR$1,397$1,380
1 BR$1,520$1,440
2 BR$1,810$1,560
3 BR$2,170$1,800
4 BR$2,423$1,820
5 BR$2,786
6 BR$3,204
7 BR$3,685
8 BR$4,238

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio· 08038
1.01ratio
FMR$1,397
Market$1,380
vs market+$17

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1.01
1 BR
1 BR· 08038
1.06ratio
FMR$1,520
Market$1,440
vs market+$80

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1.06
2 BR
2 BR· 08038
1.16ratio
FMR$1,810
Market$1,560
vs market+$250

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.16
3 BR
3 BR· 08038
1.21ratio
FMR$2,170
Market$1,800
vs market+$370

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.21
4 BR
4 BR· 08038
1.33ratio
FMR$2,423
Market$1,820
vs market+$603

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.33
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger unit sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$207,049
Rent
$1,810
Down payment
$41,410
Loan
$165,639
Mortgage
$1,047
Expenses
$563
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for HANCOCKS BRIDGE, 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.

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