FMR is below market; voucher rent may lag private rents.
0.45
1 BR
1 BR- 07648
0.91ratio
FMR$2,490
Market$2,740
vs market-$250
FMR is near market; voucher and private rents are aligned.
0.91
2 BR
2 BR- 07648
0.69ratio
FMR$2,860
Market$4,130
vs market-$1,270
FMR is below market; voucher rent may lag private rents.
0.69
3 BR
3 BR- 07648
0.79ratio
FMR$3,480
Market$4,380
vs market-$900
FMR is below market; voucher rent may lag private rents.
0.79
4 BR
4 BR- 07648
0.76ratio
FMR$4,390
Market$5,740
vs market-$1,350
FMR is below market; voucher rent may lag private rents.
0.76
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
--
Norwood, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Norwood, NJ is $2,860 a month. That is down 1.7% from $2,910 in FY 2026. Norwood 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. The median county two-bedroom FMR in New Jersey is $2,233, so Norwood is 28% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Norwood, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,220
$2,230
+0.5%
$2,007–$2,453
1BR
$2,530
$2,490
−1.6%
$2,241–$2,739
2BR
$2,910
$2,860
−1.7%
$2,574–$3,146
3BR
$3,550
$3,480
−2.0%
$3,132–$3,828
4BR
$4,520
$4,390
−2.9%
$3,951–$4,829
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Norwood, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,230
$2,490
$2,860
$3,480
$4,390
FY 2026
$2,220
$2,530
$2,910
$3,550
$4,520
FY 2025
$1,930
$2,240
$2,570
$3,160
$4,000
FY 2024
$1,750
$2,060
$2,370
$2,930
$3,690
FY 2023
$1,640
$1,960
$2,280
$2,830
$3,560
Questions about Norwood, NJ rents
How much will Section 8 pay for a two-bedroom in Norwood, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,860, that basic range is $2,574 to $3,146 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 Norwood, NJ in?
Norwood, 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 Norwood, NJ for FY 2027?
The two-bedroom FMR fell 1.7%, from $2,910 in FY 2026 to $2,860 in FY 2027. Since FY 2023 it has risen 25.4%.
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