FMR is near market; voucher and private rents are aligned.
0.94
1 BR
1 BR- 07848
1.04ratio
FMR$1,640
Market$1,570
vs market+$70
FMR is near market; voucher and private rents are aligned.
1.04
2 BR
2 BR- 07848
0.90ratio
FMR$1,990
Market$2,200
vs market-$210
FMR is near market; voucher and private rents are aligned.
0.90
3 BR
3 BR- 07848
0.84ratio
FMR$2,490
Market$2,970
vs market-$480
FMR is below market; voucher rent may lag private rents.
0.84
4 BR
4 BR- 07848
0.77ratio
FMR$2,830
Market$3,660
vs market-$830
FMR is below market; voucher rent may lag private rents.
0.77
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
--
Lafayette, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Lafayette, NJ is $1,990 a month. That is up 2.6% from $1,940 in FY 2026. Lafayette 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 Lafayette is 11% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Lafayette, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,420
$1,460
+2.8%
$1,314–$1,606
1BR
$1,600
$1,640
+2.5%
$1,476–$1,804
2BR
$1,940
$1,990
+2.6%
$1,791–$2,189
3BR
$2,430
$2,490
+2.5%
$2,241–$2,739
4BR
$2,760
$2,830
+2.5%
$2,547–$3,113
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Lafayette, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,460
$1,640
$1,990
$2,490
$2,830
FY 2026
$1,420
$1,600
$1,940
$2,430
$2,760
FY 2025
$1,370
$1,560
$1,890
$2,380
$2,710
FY 2024
$1,220
$1,400
$1,690
$2,140
$2,470
FY 2023
$1,000
$1,190
$1,430
$1,810
$2,130
Questions about Lafayette, NJ rents
How much will Section 8 pay for a two-bedroom in Lafayette, 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 $1,990 it would be $1,791 to $2,189. 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 Lafayette, NJ in?
Lafayette, 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 Lafayette, NJ for FY 2027?
The two-bedroom FMR rose 2.6%, from $1,940 in FY 2026 to $1,990 in FY 2027. Since FY 2023 it has risen 39.2%.
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