FMR is below market; voucher rent may lag private rents.
0.82
1 BR
1 BR- 08831
0.89ratio
FMR$2,080
Market$2,330
vs market-$250
FMR is below market; voucher rent may lag private rents.
0.89
2 BR
2 BR- 08831
1.06ratio
FMR$2,600
Market$2,460
vs market+$140
FMR is near market; voucher and private rents are aligned.
1.06
3 BR
3 BR- 08831
0.97ratio
FMR$3,100
Market$3,180
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.97
4 BR
4 BR- 08831
0.89ratio
FMR$3,480
Market$3,920
vs market-$440
FMR is below market; voucher rent may lag private rents.
0.89
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
--
Monroe Township, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Monroe Township, NJ is $2,600 a month. That is up 7.0% from $2,430 in FY 2026. Monroe Township 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 Monroe Township is 16% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Monroe Township, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,760
$1,940
+10.2%
$1,746–$2,134
1BR
$1,930
$2,080
+7.8%
$1,872–$2,288
2BR
$2,430
$2,600
+7.0%
$2,340–$2,860
3BR
$2,910
$3,100
+6.5%
$2,790–$3,410
4BR
$3,220
$3,480
+8.1%
$3,132–$3,828
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Monroe Township, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,940
$2,080
$2,600
$3,100
$3,480
FY 2026
$1,760
$1,930
$2,430
$2,910
$3,220
FY 2025
$1,460
$1,650
$2,070
$2,490
$2,740
FY 2024
$1,480
$1,670
$2,100
$2,540
$2,800
FY 2023
$1,170
$1,330
$1,680
$2,040
$2,260
Questions about Monroe Township, NJ rents
How much will Section 8 pay for a two-bedroom in Monroe Township, 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 $2,600 it would be $2,340 to $2,860. 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 Monroe Township, NJ in?
Monroe Township, 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 Monroe Township, NJ for FY 2027?
The two-bedroom FMR rose 7.0%, from $2,430 in FY 2026 to $2,600 in FY 2027. Since FY 2023 it has risen 54.8%.
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