FMR is below market; voucher rent may lag private rents.
0.78
1 BR
1 BR- 07731
0.93ratio
FMR$2,600
Market$2,800
vs market-$200
FMR is near market; voucher and private rents are aligned.
0.93
2 BR
2 BR- 07731
1.03ratio
FMR$3,210
Market$3,120
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.03
3 BR
3 BR- 07731
1.20ratio
FMR$4,120
Market$3,420
vs market+$700
FMR is above market; underwrite to market rent.
1.20
4 BR
4 BR- 07731
1.19ratio
FMR$4,560
Market$3,820
vs market+$740
FMR is above market; underwrite to market rent.
1.19
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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Howell, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Howell, NJ is $3,210 a month. That is up 6.6% from $3,010 in FY 2026. Howell 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 Howell is 44% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Howell, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,170
$2,350
+8.3%
$2,115–$2,585
1BR
$2,440
$2,600
+6.6%
$2,340–$2,860
2BR
$3,010
$3,210
+6.6%
$2,889–$3,531
3BR
$3,930
$4,120
+4.8%
$3,708–$4,532
4BR
$4,360
$4,560
+4.6%
$4,104–$5,016
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Howell, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,350
$2,600
$3,210
$4,120
$4,560
FY 2026
$2,170
$2,440
$3,010
$3,930
$4,360
FY 2025
$1,730
$1,940
$2,390
$3,180
$3,540
FY 2024
$1,500
$1,680
$2,080
$2,830
$3,150
FY 2023
$1,200
$1,340
$1,680
$2,300
$2,560
Questions about Howell, NJ rents
How much will Section 8 pay for a two-bedroom in Howell, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,210, that basic range is $2,889 to $3,531 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 Howell, NJ in?
Howell, 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 Howell, NJ for FY 2027?
The two-bedroom FMR rose 6.6%, from $3,010 in FY 2026 to $3,210 in FY 2027. Since FY 2023 it has risen 91.1%.
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