FMR is below market; voucher rent may lag private rents.
0.71
1 BR
1 BR- 07438
0.97ratio
FMR$1,840
Market$1,900
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.97
2 BR
2 BR- 07438
0.84ratio
FMR$2,210
Market$2,640
vs market-$430
FMR is below market; voucher rent may lag private rents.
0.84
3 BR
3 BR- 07438
0.92ratio
FMR$2,750
Market$2,980
vs market-$230
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR- 07438
0.98ratio
FMR$3,180
Market$3,240
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.98
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
--
Oak Ridge, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Oak Ridge, NJ is $2,210 a month. That is down 3.5% from $2,290 in FY 2026. Oak Ridge 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 Oak Ridge is 1% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Oak Ridge, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,680
$1,630
−3.0%
$1,467–$1,793
1BR
$1,900
$1,840
−3.2%
$1,656–$2,024
2BR
$2,290
$2,210
−3.5%
$1,989–$2,431
3BR
$2,850
$2,750
−3.5%
$2,475–$3,025
4BR
$3,280
$3,180
−3.0%
$2,862–$3,498
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Oak Ridge, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,630
$1,840
$2,210
$2,750
$3,180
FY 2026
$1,680
$1,900
$2,290
$2,850
$3,280
FY 2025
$1,710
$1,960
$2,350
$2,960
$3,400
FY 2024
$1,570
$1,810
$2,170
$2,740
$3,190
FY 2023
$1,330
$1,570
$1,880
$2,380
$2,820
Questions about Oak Ridge, NJ rents
How much will Section 8 pay for a two-bedroom in Oak Ridge, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,210, that basic range is $1,989 to $2,431 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 Oak Ridge, NJ in?
Oak Ridge, 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 Oak Ridge, NJ for FY 2027?
The two-bedroom FMR fell 3.5%, from $2,290 in FY 2026 to $2,210 in FY 2027. Since FY 2023 it has risen 17.6%.
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