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NJ/Middlesex County/Port Reading

Port Reading, NJ

CitySAFMR
Middlesex County
Found 1 ZIP

City Median Investment Score

53Below average

095130300
BRFMR
Eff. Rent
0 BR$1,930$2,120
1 BR$2,080$2,190
2 BR$2,590$2,740
3 BR$3,090$3,120
4 BR$3,460$3,450
5 BR$3,979Not available
6 BR$4,576Not available
7 BR$5,262Not available
8 BR$6,052Not available

Purchase Price Calculator

Maximum purchase price
$345,246

Cost breakdown

+Likely effective rent$2,740
HUD FMR$2,590
Market rent$2,820
Est. payment standard (106%)Used$2,740
-Principal and interest-$1,746
Loan amount$276,197
Down payment$69,049
Rate6.50%
Term30 years
-Operating costs-$794
Property taxes-$345
Insurance-$175
Utilities$0
HOA$0
Management-$274
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$43,642(63.2% ROI)
Projected value
$371,793
Return breakdown
Property appreciation+$26,546
Loan principal paid down+$9,895
Rental cash flow+$7,200
5-year hold
+$75,015(108.6% ROI)
Projected value
$390,615
Return breakdown
Property appreciation+$45,368
Loan principal paid down+$17,646
Rental cash flow+$12,000
10-year hold
+$162,746(235.7% ROI)
Projected value
$441,945
Return breakdown
Property appreciation+$96,698
Loan principal paid down+$42,048
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.72
1 BR
0.92
2 BR
0.92
3 BR
0.98
4 BR
1.00
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Port Reading, NJ fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Port Reading, NJ is $2,590 a month. That is up 4.9% from $2,470 in FY 2026. Port Reading is in the Middlesex-Somerset-Hunterdon, 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 $2,623. The median county two-bedroom FMR in New Jersey is $2,233, so Port Reading is 16% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Port Reading, NJ
BedroomsFY 2027Change90–110% range
Studio$1,930+7.8%$1,737–$2,123
1BR$2,080+5.6%$1,872–$2,288
2BR$2,590+4.9%$2,331–$2,849
3BR$3,090+4.0%$2,781–$3,399
4BR$3,460+5.5%$3,114–$3,806

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Port Reading, NJ
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,930$2,080$2,590$3,090$3,460
FY 2026$1,790$1,970$2,470$2,970$3,280
FY 2025$1,450$1,630$2,050$2,490$2,730
FY 2024$1,520$1,710$2,150$2,600$2,860
FY 2023$1,350$1,530$1,940$2,360$2,610

Questions about Port Reading, NJ rents

How much will Section 8 pay for a two-bedroom in Port Reading, NJ?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,623, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,361 to $2,885 a month; under the ZIP-level Small Area FMR of $2,590 it would be $2,331 to $2,849. 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 Port Reading, NJ in?

Port Reading, NJ is in the Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,623.

How much did fair market rent change in Port Reading, NJ for FY 2027?

The two-bedroom FMR rose 4.9%, from $2,470 in FY 2026 to $2,590 in FY 2027. Since FY 2023 it has risen 33.5%.

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