FMR is near market; voucher and private rents are aligned.
1.03
1 BR
1 BR- 08241
1.21ratio
FMR$2,290
Market$1,890
vs market+$400
FMR is above market; underwrite to market rent.
1.21
2 BR
2 BR- 08241
1.21ratio
FMR$2,780
Market$2,300
vs market+$480
FMR is above market; underwrite to market rent.
1.21
3 BR
3 BR- 08241
1.43ratio
FMR$3,770
Market$2,630
vs market+$1,140
FMR is above market; underwrite to market rent.
1.43
4 BR
4 BR- 08241
1.49ratio
FMR$4,170
Market$2,800
vs market+$1,370
FMR is above market; underwrite to market rent.
1.49
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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Port Republic, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Port Republic, NJ is $2,780 a month. That is up 26.9% from $2,190 in FY 2026. Port Republic is in the Atlantic City-Hammonton, 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 $1,899. The median county two-bedroom FMR in New Jersey is $2,233, so Port Republic is 24% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Port Republic, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,580
$2,020
+27.8%
$1,818–$2,222
1BR
$1,800
$2,290
+27.2%
$2,061–$2,519
2BR
$2,190
$2,780
+26.9%
$2,502–$3,058
3BR
$2,980
$3,770
+26.5%
$3,393–$4,147
4BR
$3,290
$4,170
+26.7%
$3,753–$4,587
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Port Republic, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,020
$2,290
$2,780
$3,770
$4,170
FY 2026
$1,580
$1,800
$2,190
$2,980
$3,290
FY 2025
$1,430
$1,630
$1,980
$2,730
$3,030
FY 2024
$1,320
$1,510
$1,880
$2,650
$2,910
FY 2023
$1,190
$1,390
$1,750
$2,480
$2,700
Questions about Port Republic, NJ rents
How much will Section 8 pay for a two-bedroom in Port Republic, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,899, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,709 to $2,089 a month; under the ZIP-level Small Area FMR of $2,780 it would be $2,502 to $3,058. 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 Republic, NJ in?
Port Republic, NJ is in the Atlantic City-Hammonton, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,899.
How much did fair market rent change in Port Republic, NJ for FY 2027?
The two-bedroom FMR rose 26.9%, from $2,190 in FY 2026 to $2,780 in FY 2027. Since FY 2023 it has risen 58.9%.
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