FMR is near market; voucher and private rents are aligned.
1.07
3 BR
3 BR- 07029
1.29ratio
FMR$3,470
Market$2,680
vs market+$790
FMR is above market; underwrite to market rent.
1.29
4 BR
4 BR- 07029
1.41ratio
FMR$4,070
Market$2,880
vs market+$1,190
FMR is above market; underwrite to market rent.
1.41
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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Harrison, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Harrison, NJ is $2,860 a month. That is up 8.3% from $2,640 in FY 2026. Harrison is in the Jersey City, NJ HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in New Jersey is $2,233, so Harrison is 28% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Harrison, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,300
$2,520
+9.6%
$2,268–$2,772
1BR
$2,350
$2,570
+9.4%
$2,313–$2,827
2BR
$2,640
$2,860
+8.3%
$2,574–$3,146
3BR
$3,220
$3,470
+7.8%
$3,123–$3,817
4BR
$3,780
$4,070
+7.7%
$3,663–$4,477
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Harrison, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,520
$2,570
$2,860
$3,470
$4,070
FY 2026
$2,300
$2,350
$2,640
$3,220
$3,780
FY 2025
$1,800
$1,830
$2,070
$2,570
$2,870
FY 2024
$1,800
$1,830
$2,080
$2,580
$2,880
FY 2023
$1,650
$1,700
$1,950
$2,410
$2,620
Questions about Harrison, NJ rents
How much will Section 8 pay for a two-bedroom in Harrison, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,860, that basic range is $2,574 to $3,146 a month. 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 Harrison, NJ in?
Harrison, NJ is in the Jersey City, NJ HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Harrison, NJ for FY 2027?
The two-bedroom FMR rose 8.3%, from $2,640 in FY 2026 to $2,860 in FY 2027. Since FY 2023 it has risen 46.7%.
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