FMR is near market; voucher and private rents are aligned.
0.96
1 BR
1 BR- 07842
1.01ratio
FMR$2,040
Market$2,020
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.01
2 BR
2 BR- 07842
0.89ratio
FMR$2,460
Market$2,770
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.89
3 BR
3 BR- 07842
0.91ratio
FMR$3,070
Market$3,370
vs market-$300
FMR is near market; voucher and private rents are aligned.
0.91
4 BR
4 BR- 07842
0.88ratio
FMR$3,510
Market$3,980
vs market-$470
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
--
Hibernia, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Hibernia, NJ is $2,460 a month. That is down 2.0% from $2,510 in FY 2026. Hibernia is in the Newark, 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 $2,233. The median county two-bedroom FMR in New Jersey is $2,233, so Hibernia is 10% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Hibernia, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,830
$1,800
−1.6%
$1,620–$1,980
1BR
$2,070
$2,040
−1.4%
$1,836–$2,244
2BR
$2,510
$2,460
−2.0%
$2,214–$2,706
3BR
$3,150
$3,070
−2.5%
$2,763–$3,377
4BR
$3,570
$3,510
−1.7%
$3,159–$3,861
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Hibernia, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,800
$2,040
$2,460
$3,070
$3,510
FY 2026
$1,830
$2,070
$2,510
$3,150
$3,570
FY 2025
$1,830
$2,090
$2,530
$3,190
$3,630
FY 2024
$1,620
$1,860
$2,240
$2,840
$3,280
FY 2023
$1,310
$1,550
$1,860
$2,370
$2,780
Questions about Hibernia, NJ rents
How much will Section 8 pay for a two-bedroom in Hibernia, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,233, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,010 to $2,456 a month; under the ZIP-level Small Area FMR of $2,460 it would be $2,214 to $2,706. 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 Hibernia, NJ in?
Hibernia, NJ is in the Newark, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,233.
How much did fair market rent change in Hibernia, NJ for FY 2027?
The two-bedroom FMR fell 2.0%, from $2,510 in FY 2026 to $2,460 in FY 2027. Since FY 2023 it has risen 32.3%.
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