FMR is below market; voucher rent may lag private rents.
0.89
1 BR
1 BR- 08865
0.92ratio
FMR$1,580
Market$1,710
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR- 08865
1.04ratio
FMR$1,960
Market$1,880
vs market+$80
FMR is near market; voucher and private rents are aligned.
1.04
3 BR
3 BR- 08865
1.09ratio
FMR$2,400
Market$2,200
vs market+$200
FMR is near market; voucher and private rents are aligned.
1.09
4 BR
4 BR- 08865
1.10ratio
FMR$2,850
Market$2,600
vs market+$250
FMR is near market; voucher and private rents are aligned.
1.10
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
--
Phillipsburg, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Phillipsburg, NJ is $1,960 a month. That is up 8.3% from $1,810 in FY 2026. Phillipsburg is in the Warren County, NJ HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $2,021. The median county two-bedroom FMR in New Jersey is $2,233, so Phillipsburg is 12% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Phillipsburg, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,450
$1,570
+8.3%
$1,413–$1,727
1BR
$1,460
$1,580
+8.2%
$1,422–$1,738
2BR
$1,810
$1,960
+8.3%
$1,764–$2,156
3BR
$2,300
$2,400
+4.3%
$2,160–$2,640
4BR
$2,670
$2,850
+6.7%
$2,565–$3,135
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Phillipsburg, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,570
$1,580
$1,960
$2,400
$2,850
FY 2026
$1,450
$1,460
$1,810
$2,300
$2,670
FY 2025
$1,340
$1,350
$1,630
$2,090
$2,440
FY 2024
$1,120
$1,220
$1,470
$1,860
$2,170
FY 2023
$1,090
$1,210
$1,460
$1,810
$2,090
Questions about Phillipsburg, NJ rents
How much will Section 8 pay for a two-bedroom in Phillipsburg, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,021, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,819 to $2,223 a month; under the ZIP-level Small Area FMR of $1,960 it would be $1,764 to $2,156. 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 Phillipsburg, NJ in?
Phillipsburg, NJ is in the Warren County, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,021.
How much did fair market rent change in Phillipsburg, NJ for FY 2027?
The two-bedroom FMR rose 8.3%, from $1,810 in FY 2026 to $1,960 in FY 2027. Since FY 2023 it has risen 34.2%.
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