FMR is near market; voucher and private rents are aligned.
0.91
1 BR
1 BR- 08061
0.94ratio
FMR$1,610
Market$1,720
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.94
2 BR
2 BR- 08061
0.93ratio
FMR$1,910
Market$2,050
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.93
3 BR
3 BR- 08061
0.97ratio
FMR$2,320
Market$2,380
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.97
4 BR
4 BR- 08061
0.83ratio
FMR$2,670
Market$3,210
vs market-$540
FMR is below market; voucher rent may lag private rents.
0.83
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
--
Mount Royal, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Mount Royal, NJ is $1,910 a month. That is down 9.9% from $2,120 in FY 2026. Mount Royal is in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA, 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 Mount Royal is 14% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Mount Royal, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,600
$1,480
−7.5%
$1,332–$1,628
1BR
$1,780
$1,610
−9.6%
$1,449–$1,771
2BR
$2,120
$1,910
−9.9%
$1,719–$2,101
3BR
$2,570
$2,320
−9.7%
$2,088–$2,552
4BR
$2,960
$2,670
−9.8%
$2,403–$2,937
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Mount Royal, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,480
$1,610
$1,910
$2,320
$2,670
FY 2026
$1,600
$1,780
$2,120
$2,570
$2,960
FY 2025
$1,770
$1,970
$2,350
$2,850
$3,280
FY 2024
$1,960
$2,180
$2,610
$3,160
$3,640
FY 2023
$1,630
$1,830
$2,210
$2,690
$3,130
Questions about Mount Royal, NJ rents
How much will Section 8 pay for a two-bedroom in Mount Royal, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,910, that basic range is $1,719 to $2,101 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 Mount Royal, NJ in?
Mount Royal, NJ is in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Mount Royal, NJ for FY 2027?
The two-bedroom FMR fell 9.9%, from $2,120 in FY 2026 to $1,910 in FY 2027. Since FY 2023 it has fallen 13.6%.
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