FMR is below market; voucher rent may lag private rents.
0.88
1 BR
1 BR- 07730
0.93ratio
FMR$2,070
Market$2,230
vs market-$160
FMR is near market; voucher and private rents are aligned.
0.93
2 BR
2 BR- 07730
0.96ratio
FMR$2,560
Market$2,660
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.96
3 BR
3 BR- 07730
0.95ratio
FMR$3,270
Market$3,460
vs market-$190
FMR is near market; voucher and private rents are aligned.
0.95
4 BR
4 BR- 07730
0.88ratio
FMR$3,620
Market$4,130
vs market-$510
FMR is below market; voucher rent may lag private rents.
0.88
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
--
Hazlet, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Hazlet, NJ is $2,560 a month. That is up 47.1% from $1,740 in FY 2026. Hazlet is in the Monmouth-Ocean, 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 Hazlet is 15% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Hazlet, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,250
$1,880
+50.4%
$1,692–$2,068
1BR
$1,410
$2,070
+46.8%
$1,863–$2,277
2BR
$1,740
$2,560
+47.1%
$2,304–$2,816
3BR
$2,270
$3,270
+44.1%
$2,943–$3,597
4BR
$2,520
$3,620
+43.7%
$3,258–$3,982
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Hazlet, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,880
$2,070
$2,560
$3,270
$3,620
FY 2026
$1,250
$1,410
$1,740
$2,270
$2,520
FY 2025
$1,090
$1,220
$1,510
$2,010
$2,240
FY 2024
$1,030
$1,150
$1,420
$1,930
$2,150
FY 2023
$920
$1,030
$1,290
$1,770
$1,970
Questions about Hazlet, NJ rents
How much will Section 8 pay for a two-bedroom in Hazlet, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,560, that basic range is $2,304 to $2,816 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 Hazlet, NJ in?
Hazlet, NJ is in the Monmouth-Ocean, 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 Hazlet, NJ for FY 2027?
The two-bedroom FMR rose 47.1%, from $1,740 in FY 2026 to $2,560 in FY 2027. Since FY 2023 it has risen 98.4%.
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