FMR is below market; voucher rent may lag private rents.
0.62
1 BR
1 BR- 08852
1.10ratio
FMR$2,160
Market$1,960
vs market+$200
FMR is above market; underwrite to market rent.
1.10
2 BR
2 BR- 08852
1.03ratio
FMR$2,690
Market$2,600
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.03
3 BR
3 BR- 08852
1.00ratio
FMR$3,210
Market$3,220
vs market-$10
FMR is near market; voucher and private rents are aligned.
1.00
4 BR
4 BR- 08852
0.82ratio
FMR$3,600
Market$4,390
vs market-$790
FMR is below market; voucher rent may lag private rents.
0.82
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
--
Monmouth Junction, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Monmouth Junction, NJ is $2,690 a month. That is up 4.7% from $2,570 in FY 2026. Monmouth Junction 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 Monmouth Junction is 20% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Monmouth Junction, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,870
$2,000
+7.0%
$1,800–$2,200
1BR
$2,040
$2,160
+5.9%
$1,944–$2,376
2BR
$2,570
$2,690
+4.7%
$2,421–$2,959
3BR
$3,080
$3,210
+4.2%
$2,889–$3,531
4BR
$3,410
$3,600
+5.6%
$3,240–$3,960
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Monmouth Junction, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,000
$2,160
$2,690
$3,210
$3,600
FY 2026
$1,870
$2,040
$2,570
$3,080
$3,410
FY 2025
$1,610
$1,810
$2,280
$2,750
$3,020
FY 2024
$1,740
$1,950
$2,460
$2,980
$3,280
FY 2023
$1,460
$1,660
$2,100
$2,560
$2,820
Questions about Monmouth Junction, NJ rents
How much will Section 8 pay for a two-bedroom in Monmouth Junction, 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 $2,690 it would be $2,421 to $2,959. 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 Monmouth Junction, NJ in?
Monmouth Junction, 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 Monmouth Junction, NJ for FY 2027?
The two-bedroom FMR rose 4.7%, from $2,570 in FY 2026 to $2,690 in FY 2027. Since FY 2023 it has risen 28.1%.
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