FMR is below market; voucher rent may lag private rents.
0.87
1 BR
1 BR- 07747
0.90ratio
FMR$2,050
Market$2,280
vs market-$230
FMR is below market; voucher rent may lag private rents.
0.90
2 BR
2 BR- 07747
0.88ratio
FMR$2,540
Market$2,890
vs market-$350
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR- 07747
0.94ratio
FMR$3,180
Market$3,400
vs market-$220
FMR is near market; voucher and private rents are aligned.
0.94
4 BR
4 BR- 07747
0.87ratio
FMR$3,530
Market$4,060
vs market-$530
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
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Matawan, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Matawan, NJ is $2,540 a month. That is down 1.9% from $2,590 in FY 2026. Matawan is in the Middlesex-Somerset-Hunterdon, 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 Matawan is 14% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Matawan, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,870
$1,870
0.0%
$1,683–$2,057
1BR
$2,090
$2,050
−1.9%
$1,845–$2,255
2BR
$2,590
$2,540
−1.9%
$2,286–$2,794
3BR
$3,290
$3,180
−3.3%
$2,862–$3,498
4BR
$3,640
$3,530
−3.0%
$3,177–$3,883
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Matawan, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,870
$2,050
$2,540
$3,180
$3,530
FY 2026
$1,870
$2,090
$2,590
$3,290
$3,640
FY 2025
$1,680
$1,890
$2,340
$3,020
$3,350
FY 2024
$1,650
$1,840
$2,300
$3,000
$3,330
FY 2023
$1,360
$1,520
$1,920
$2,510
$2,790
Questions about Matawan, NJ rents
How much will Section 8 pay for a two-bedroom in Matawan, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,540, that basic range is $2,286 to $2,794 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 Matawan, NJ in?
Matawan, NJ is in the Middlesex-Somerset-Hunterdon, 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 Matawan, NJ for FY 2027?
The two-bedroom FMR fell 1.9%, from $2,590 in FY 2026 to $2,540 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