FMR is below market; voucher rent may lag private rents.
0.69
1 BR
1 BR- 07435
0.90ratio
FMR$1,830
Market$2,030
vs market-$200
FMR is near market; voucher and private rents are aligned.
0.90
2 BR
2 BR- 07435
0.82ratio
FMR$2,180
Market$2,670
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.82
3 BR
3 BR- 07435
0.95ratio
FMR$2,700
Market$2,850
vs market-$150
FMR is near market; voucher and private rents are aligned.
0.95
4 BR
4 BR- 07435
1.08ratio
FMR$3,180
Market$2,950
vs market+$230
FMR is near market; voucher and private rents are aligned.
1.08
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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Newfoundland, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Newfoundland, NJ is $2,180 a month. That is down 2.7% from $2,240 in FY 2026. Newfoundland is in the Newark, NJ HUD Metro FMR Area, 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 Newfoundland is 2% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Newfoundland, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,660
$1,630
−1.8%
$1,467–$1,793
1BR
$1,880
$1,830
−2.7%
$1,647–$2,013
2BR
$2,240
$2,180
−2.7%
$1,962–$2,398
3BR
$2,780
$2,700
−2.9%
$2,430–$2,970
4BR
$3,270
$3,180
−2.8%
$2,862–$3,498
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Newfoundland, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,630
$1,830
$2,180
$2,700
$3,180
FY 2026
$1,660
$1,880
$2,240
$2,780
$3,270
FY 2025
$1,650
$1,900
$2,260
$2,830
$3,310
FY 2024
$1,530
$1,780
$2,090
$2,610
$3,160
FY 2023
$1,230
$1,460
$1,720
$2,160
$2,630
Questions about Newfoundland, NJ rents
How much will Section 8 pay for a two-bedroom in Newfoundland, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,180, that basic range is $1,962 to $2,398 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 Newfoundland, NJ in?
Newfoundland, NJ is in the Newark, 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 Newfoundland, NJ for FY 2027?
The two-bedroom FMR fell 2.7%, from $2,240 in FY 2026 to $2,180 in FY 2027. Since FY 2023 it has risen 26.7%.
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