FMR is below market; voucher rent may lag private rents.
0.74
1 BR
1 BR- 08853
1.08ratio
FMR$2,220
Market$2,050
vs market+$170
FMR is near market; voucher and private rents are aligned.
1.08
2 BR
2 BR- 08853
1.02ratio
FMR$2,770
Market$2,710
vs market+$60
FMR is near market; voucher and private rents are aligned.
1.02
3 BR
3 BR- 08853
0.92ratio
FMR$3,300
Market$3,570
vs market-$270
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR- 08853
0.87ratio
FMR$3,700
Market$4,260
vs market-$560
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
--
Neshanic Station, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Neshanic Station, NJ is $2,770 a month. That is up 10.8% from $2,500 in FY 2026. Neshanic Station 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 Neshanic Station is 24% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Neshanic Station, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,810
$2,060
+13.8%
$1,854–$2,266
1BR
$1,990
$2,220
+11.6%
$1,998–$2,442
2BR
$2,500
$2,770
+10.8%
$2,493–$3,047
3BR
$3,000
$3,300
+10.0%
$2,970–$3,630
4BR
$3,310
$3,700
+11.8%
$3,330–$4,070
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Neshanic Station, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,060
$2,220
$2,770
$3,300
$3,700
FY 2026
$1,810
$1,990
$2,500
$3,000
$3,310
FY 2025
$1,450
$1,630
$2,050
$2,490
$2,730
FY 2024
$1,460
$1,640
$2,070
$2,510
$2,760
FY 2023
$1,150
$1,310
$1,670
$2,060
$2,300
Questions about Neshanic Station, NJ rents
How much will Section 8 pay for a two-bedroom in Neshanic Station, 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 $2,770 it would be $2,493 to $3,047. 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 Neshanic Station, NJ in?
Neshanic Station, 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 Neshanic Station, NJ for FY 2027?
The two-bedroom FMR rose 10.8%, from $2,500 in FY 2026 to $2,770 in FY 2027. Since FY 2023 it has risen 65.9%.
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