FMR is below market; voucher rent may lag private rents.
0.55
1 BR
1 BR- 07646
0.77ratio
FMR$1,930
Market$2,500
vs market-$570
FMR is below market; voucher rent may lag private rents.
0.77
2 BR
2 BR- 07646
0.64ratio
FMR$2,220
Market$3,470
vs market-$1,250
FMR is below market; voucher rent may lag private rents.
0.64
3 BR
3 BR- 07646
0.70ratio
FMR$2,700
Market$3,840
vs market-$1,140
FMR is below market; voucher rent may lag private rents.
0.70
4 BR
4 BR- 07646
0.70ratio
FMR$3,400
Market$4,860
vs market-$1,460
FMR is below market; voucher rent may lag private rents.
0.70
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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New Milford, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in New Milford, NJ is $2,220 a month. That is down 0.9% from $2,240 in FY 2026. New Milford is in the Bergen-Passaic, NJ HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for New Milford, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,710
$1,720
+0.6%
$1,548–$1,892
1BR
$1,950
$1,930
−1.0%
$1,737–$2,123
2BR
$2,240
$2,220
−0.9%
$1,998–$2,442
3BR
$2,730
$2,700
−1.1%
$2,430–$2,970
4BR
$3,490
$3,400
−2.6%
$3,060–$3,740
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for New Milford, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,720
$1,930
$2,220
$2,700
$3,400
FY 2026
$1,710
$1,950
$2,240
$2,730
$3,490
FY 2025
$1,500
$1,740
$2,000
$2,460
$3,110
FY 2024
$1,360
$1,600
$1,840
$2,280
$2,870
FY 2023
$1,310
$1,560
$1,810
$2,250
$2,820
Questions about New Milford, NJ rents
How much will Section 8 pay for a two-bedroom in New Milford, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,220, that basic range is $1,998 to $2,442 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 New Milford, NJ in?
New Milford, NJ is in the Bergen-Passaic, 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 New Milford, NJ for FY 2027?
The two-bedroom FMR fell 0.9%, from $2,240 in FY 2026 to $2,220 in FY 2027. Since FY 2023 it has risen 22.7%.
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