FMR is below market; voucher rent may lag private rents.
0.74
1 BR
1 BR- 08759
0.81ratio
FMR$1,420
Market$1,750
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.81
2 BR
2 BR- 08759
0.85ratio
FMR$1,760
Market$2,060
vs market-$300
FMR is below market; voucher rent may lag private rents.
0.85
3 BR
3 BR- 08759
0.94ratio
FMR$2,260
Market$2,410
vs market-$150
FMR is near market; voucher and private rents are aligned.
0.94
4 BR
4 BR- 08759
1.02ratio
FMR$2,500
Market$2,460
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.02
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
--
Manchester Township, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Manchester Township, NJ is $1,760 a month. That is down 1.7% from $1,790 in FY 2026. Manchester Township 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 Manchester Township is 21% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Manchester Township, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,290
$1,290
0.0%
$1,161–$1,419
1BR
$1,450
$1,420
−2.1%
$1,278–$1,562
2BR
$1,790
$1,760
−1.7%
$1,584–$1,936
3BR
$2,340
$2,260
−3.4%
$2,034–$2,486
4BR
$2,590
$2,500
−3.5%
$2,250–$2,750
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Manchester Township, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,290
$1,420
$1,760
$2,260
$2,500
FY 2026
$1,290
$1,450
$1,790
$2,340
$2,590
FY 2025
$1,120
$1,260
$1,550
$2,060
$2,300
FY 2024
$1,080
$1,200
$1,490
$2,030
$2,260
FY 2023
$930
$1,040
$1,300
$1,780
$1,980
Questions about Manchester Township, NJ rents
How much will Section 8 pay for a two-bedroom in Manchester Township, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,760, that basic range is $1,584 to $1,936 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 Manchester Township, NJ in?
Manchester Township, 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 Manchester Township, NJ for FY 2027?
The two-bedroom FMR fell 1.7%, from $1,790 in FY 2026 to $1,760 in FY 2027. Since FY 2023 it has risen 35.4%.
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