NEWARK, NJ
CityFMR
Essex County
Found 11 ZIPs
BRFMR
Eff. Rent
0 BR$1,612$1,360 – $1,770
1 BR$1,822$1,520 – $2,000
2 BR$2,205$1,890 – $2,430
3 BR$2,761$2,120 – $3,040
4 BR$3,137$2,520 – $3,450
5 BR$3,608
6 BR$4,149
7 BR$4,771
8 BR$5,487

Purchase Price Calculator

Maximum purchase price
$254,601

Cost breakdown

+Likely effective rent$2,130
HUD FMR$2,205
Market rentUsed$2,130
Est. payment standard (98%)$2,160
Market rent is below the inferred standard ($2,160, 98% of FMR).
-Principal and interest-$1,287
Loan amount$203,681
Down payment$50,920
Rate6.50%
Term30 years
-Operating costs-$643
Property taxes-$255
Insurance-$175
Utilities$0
HOA$0
Management-$213
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,074(66.9% ROI)
Projected value
$274,177
Current value$254,601
Return breakdown
Property appreciation+$19,576
Loan principal paid down+$7,297
Rental cash flow+$7,200
5-year hold
+$58,470(114.8% ROI)
Projected value
$288,057
Current value$254,601
Return breakdown
Property appreciation+$33,457
Loan principal paid down+$13,013
Rental cash flow+$12,000
10-year hold
+$126,318(248.1% ROI)
Projected value
$325,910
Current value$254,601
Return breakdown
Property appreciation+$71,310
Loan principal paid down+$31,008
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio- 1 ZIP
0.69ratio
FMR$1,612
Market$2,350
vs market-$738

FMR is below market; voucher rent may lag private rents.

90% standard$1,451 / 0.62 ratio110% standard$1,773 / 0.75 ratio
1
Studio- 2 ZIPs
0.78-0.79ratio range
Median FMR$1,612
Median Market$2,055
vs market-$443

FMR is below market; voucher rent may lag private rents.

90% standard$1,451 / 0.71 ratio110% standard$1,773 / 0.86 ratio
2
Studio- 2 ZIPs
0.82-0.84ratio range
Median FMR$1,612
Median Market$1,945
vs market-$333

FMR is below market; voucher rent may lag private rents.

90% standard$1,451 / 0.75 ratio110% standard$1,773 / 0.91 ratio
2
Studio- 2 ZIPs
0.87-0.89ratio range
Median FMR$1,612
Median Market$1,830
vs market-$218

FMR is below market; voucher rent may lag private rents.

90% standard$1,451 / 0.79 ratio110% standard$1,773 / 0.97 ratio
2
Studio- 1 ZIP
0.93ratio
FMR$1,612
Market$1,730
vs market-$118

FMR is near market; voucher and private rents are aligned.

90% standard$1,451 / 0.84 ratio110% standard$1,773 / 1.02 ratio
1
Studio- 1 ZIP
0.99ratio
FMR$1,612
Market$1,630
vs market-$18

FMR is near market; voucher and private rents are aligned.

90% standard$1,451 / 0.89 ratio110% standard$1,773 / 1.09 ratio
1
Studio- 1 ZIP
1.07ratio
FMR$1,612
Market$1,510
vs market+$102

FMR is near market; voucher and private rents are aligned.

90% standard$1,451 / 0.96 ratio110% standard$1,773 / 1.17 ratio
1
Studio- 1 ZIP
1.19ratio
FMR$1,612
Market$1,360
vs market+$252

FMR is above market; underwrite to market rent.

90% standard$1,451 / 1.07 ratio110% standard$1,773 / 1.30 ratio
1
0.69-1.19
1 BR
1 BR- 1 ZIP
0.76ratio
FMR$1,822
Market$2,410
vs market-$588

FMR is below market; voucher rent may lag private rents.

90% standard$1,640 / 0.68 ratio110% standard$2,004 / 0.83 ratio
1 BR- 1 ZIP
0.80ratio
FMR$1,822
Market$2,280
vs market-$458

FMR is below market; voucher rent may lag private rents.

90% standard$1,640 / 0.72 ratio110% standard$2,004 / 0.88 ratio
1 BR- 1 ZIP
0.86ratio
FMR$1,822
Market$2,130
vs market-$308

FMR is below market; voucher rent may lag private rents.

90% standard$1,640 / 0.77 ratio110% standard$2,004 / 0.94 ratio
1 BR- 1 ZIP
0.88ratio
FMR$1,822
Market$2,060
vs market-$238

FMR is below market; voucher rent may lag private rents.

90% standard$1,640 / 0.80 ratio110% standard$2,004 / 0.97 ratio
1 BR- 1 ZIP
0.96ratio
FMR$1,822
Market$1,890
vs market-$68

FMR is near market; voucher and private rents are aligned.

90% standard$1,640 / 0.87 ratio110% standard$2,004 / 1.06 ratio
1 BR- 3 ZIPs
1.02-1.04ratio range
Median FMR$1,822
Median Market$1,770
vs market+$52

FMR is near market; voucher and private rents are aligned.

90% standard$1,640 / 0.93 ratio110% standard$2,004 / 1.13 ratio
3
1 BR- 2 ZIPs
1.08ratio range
Median FMR$1,822
Median Market$1,685
vs market+$137

FMR is near market; voucher and private rents are aligned.

90% standard$1,640 / 0.97 ratio110% standard$2,004 / 1.19 ratio
2
1 BR- 1 ZIP
1.20ratio
FMR$1,822
Market$1,520
vs market+$302

FMR is above market; underwrite to market rent.

90% standard$1,640 / 1.08 ratio110% standard$2,004 / 1.32 ratio
0.76-1.20
2 BR
2 BR- 1 ZIP
0.72ratio
FMR$2,205
Market$3,050
vs market-$845

FMR is below market; voucher rent may lag private rents.

90% standard$1,985 / 0.65 ratio110% standard$2,426 / 0.80 ratio
2 BR- 1 ZIP
0.87ratio
FMR$2,205
Market$2,530
vs market-$325

FMR is below market; voucher rent may lag private rents.

90% standard$1,985 / 0.78 ratio110% standard$2,426 / 0.96 ratio
2 BR- 2 ZIPs
0.90-0.91ratio range
Median FMR$2,205
Median Market$2,435
vs market-$230

FMR is near market; voucher and private rents are aligned.

90% standard$1,985 / 0.82 ratio110% standard$2,426 / 1.00 ratio
2
2 BR- 1 ZIP
0.95ratio
FMR$2,205
Market$2,320
vs market-$115

FMR is near market; voucher and private rents are aligned.

90% standard$1,985 / 0.86 ratio110% standard$2,426 / 1.05 ratio
2 BR- 3 ZIPs
1.04-1.05ratio range
Median FMR$2,205
Median Market$2,120
vs market+$85

FMR is near market; voucher and private rents are aligned.

90% standard$1,985 / 0.94 ratio110% standard$2,426 / 1.14 ratio
3
2 BR- 2 ZIPs
1.07-1.09ratio range
Median FMR$2,205
Median Market$2,050
vs market+$155

FMR is near market; voucher and private rents are aligned.

90% standard$1,985 / 0.97 ratio110% standard$2,426 / 1.18 ratio
2
2 BR- 1 ZIP
1.17ratio
FMR$2,205
Market$1,890
vs market+$315

FMR is above market; underwrite to market rent.

90% standard$1,985 / 1.05 ratio110% standard$2,426 / 1.28 ratio
0.72-1.17
3 BR
3 BR- 1 ZIP
0.75ratio
FMR$2,761
Market$3,670
vs market-$909

FMR is below market; voucher rent may lag private rents.

90% standard$2,485 / 0.68 ratio110% standard$3,037 / 0.83 ratio
3 BR- 1 ZIP
1.00ratio
FMR$2,761
Market$2,770
vs market-$9

FMR is near market; voucher and private rents are aligned.

90% standard$2,485 / 0.90 ratio110% standard$3,037 / 1.10 ratio
3 BR- 1 ZIP
1.03ratio
FMR$2,761
Market$2,670
vs market+$91

FMR is near market; voucher and private rents are aligned.

90% standard$2,485 / 0.93 ratio110% standard$3,037 / 1.14 ratio
3 BR- 3 ZIPs
1.06-1.10ratio range
Median FMR$2,761
Median Market$2,540
vs market+$221

FMR is near market; voucher and private rents are aligned.

90% standard$2,485 / 0.98 ratio110% standard$3,037 / 1.20 ratio
3
3 BR- 1 ZIP
1.14ratio
FMR$2,761
Market$2,420
vs market+$341

FMR is above market; underwrite to market rent.

90% standard$2,485 / 1.03 ratio110% standard$3,037 / 1.26 ratio
3 BR- 2 ZIPs
1.16-1.18ratio range
Median FMR$2,761
Median Market$2,360
vs market+$401

FMR is above market; underwrite to market rent.

90% standard$2,485 / 1.05 ratio110% standard$3,037 / 1.29 ratio
2
3 BR- 1 ZIP
1.20ratio
FMR$2,761
Market$2,300
vs market+$461

FMR is above market; underwrite to market rent.

90% standard$2,485 / 1.08 ratio110% standard$3,037 / 1.32 ratio
3 BR- 1 ZIP
1.30ratio
FMR$2,761
Market$2,120
vs market+$641

FMR is above market; underwrite to market rent.

90% standard$2,485 / 1.17 ratio110% standard$3,037 / 1.43 ratio
0.75-1.30
4 BR
4 BR- 1 ZIP
0.78ratio
FMR$3,137
Market$4,000
vs market-$863

FMR is below market; voucher rent may lag private rents.

90% standard$2,823 / 0.71 ratio110% standard$3,451 / 0.86 ratio
4 BR- 2 ZIPs
1.06-1.08ratio range
Median FMR$3,137
Median Market$2,925
vs market+$212

FMR is near market; voucher and private rents are aligned.

90% standard$2,823 / 0.97 ratio110% standard$3,451 / 1.18 ratio
2
4 BR- 3 ZIPs
1.11-1.12ratio range
Median FMR$3,137
Median Market$2,800
vs market+$337

FMR is above market; underwrite to market rent.

90% standard$2,823 / 1.01 ratio110% standard$3,451 / 1.23 ratio
3
4 BR- 2 ZIPs
1.19ratio range
Median FMR$3,137
Median Market$2,640
vs market+$497

FMR is above market; underwrite to market rent.

90% standard$2,823 / 1.07 ratio110% standard$3,451 / 1.31 ratio
2
4 BR- 3 ZIPs
1.23-1.24ratio range
Median FMR$3,137
Median Market$2,540
vs market+$597

FMR is above market; underwrite to market rent.

90% standard$2,823 / 1.11 ratio110% standard$3,451 / 1.36 ratio
3
0.78-1.24
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for NEWARK, NJ (NJ) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled FMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

NEWARK, NJ fair market rent and Section 8 rent limits

The FY 2026 HUD Fair Market Rent (FMR) page for NEWARK, NJ shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,205 and the 4 bedroom fair market rent is $3,137.

Use this page for searches like NEWARK, NJ FMR, NEWARK, NJ fair market rent, and NEWARK, NJ Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for NEWARK, NJ
Bedroom sizeHUD FMR
Studio$1,612
1 bedroom$1,822
2 bedroom$2,205
3 bedroom$2,761
4 bedroom$3,137