FMR is near market; voucher and private rents are aligned.
1.05
1 BR
1 BR- 08904
0.95ratio
FMR$2,090
Market$2,210
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.95
2 BR
2 BR- 08904
0.92ratio
FMR$2,610
Market$2,840
vs market-$230
FMR is near market; voucher and private rents are aligned.
0.92
3 BR
3 BR- 08904
0.96ratio
FMR$3,110
Market$3,240
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR- 08904
0.87ratio
FMR$3,490
Market$4,010
vs market-$520
FMR is below market; voucher rent may lag private rents.
0.87
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
--
Highland Park, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Highland Park, NJ is $2,610 a month. That is up 5.2% from $2,480 in FY 2026. Highland Park is in the Middlesex-Somerset-Hunterdon, 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 $2,623. The median county two-bedroom FMR in New Jersey is $2,233, so Highland Park is 17% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Highland Park, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,800
$1,940
+7.8%
$1,746–$2,134
1BR
$1,970
$2,090
+6.1%
$1,881–$2,299
2BR
$2,480
$2,610
+5.2%
$2,349–$2,871
3BR
$2,970
$3,110
+4.7%
$2,799–$3,421
4BR
$3,290
$3,490
+6.1%
$3,141–$3,839
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Highland Park, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,940
$2,090
$2,610
$3,110
$3,490
FY 2026
$1,800
$1,970
$2,480
$2,970
$3,290
FY 2025
$1,500
$1,690
$2,120
$2,550
$2,810
FY 2024
$1,560
$1,750
$2,210
$2,680
$2,940
FY 2023
$1,300
$1,470
$1,860
$2,260
$2,500
Questions about Highland Park, NJ rents
How much will Section 8 pay for a two-bedroom in Highland Park, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,623, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,361 to $2,885 a month; under the ZIP-level Small Area FMR of $2,610 it would be $2,349 to $2,871. 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 Highland Park, NJ in?
Highland Park, NJ is in the Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,623.
How much did fair market rent change in Highland Park, NJ for FY 2027?
The two-bedroom FMR rose 5.2%, from $2,480 in FY 2026 to $2,610 in FY 2027. Since FY 2023 it has risen 40.3%.
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