FMR is near market; voucher and private rents are aligned.
1.05
1 BR
1 BR- 08550
1.22ratio
FMR$2,640
Market$2,160
vs market+$480
FMR is above market; underwrite to market rent.
1.22
2 BR
2 BR- 08550
1.51ratio
FMR$3,360
Market$2,220
vs market+$1,140
FMR is above market; underwrite to market rent.
1.51
3 BR
3 BR- 08550
1.23ratio
FMR$4,110
Market$3,350
vs market+$760
FMR is above market; underwrite to market rent.
1.23
4 BR
4 BR- 08550
1.08ratio
FMR$4,620
Market$4,290
vs market+$330
FMR is near market; voucher and private rents are aligned.
1.08
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
--
Princeton Junction, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Princeton Junction, NJ is $3,360 a month. That is up 14.7% from $2,930 in FY 2026. Princeton Junction is in the Trenton-Princeton, NJ MSA. 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 $2,242. The median county two-bedroom FMR in New Jersey is $2,233, so Princeton Junction is 50% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Princeton Junction, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,020
$2,340
+15.8%
$2,106–$2,574
1BR
$2,320
$2,640
+13.8%
$2,376–$2,904
2BR
$2,930
$3,360
+14.7%
$3,024–$3,696
3BR
$3,510
$4,110
+17.1%
$3,699–$4,521
4BR
$4,010
$4,620
+15.2%
$4,158–$5,082
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Princeton Junction, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,340
$2,640
$3,360
$4,110
$4,620
FY 2026
$2,020
$2,320
$2,930
$3,510
$4,010
FY 2025
$2,080
$2,410
$3,040
$3,660
$4,120
FY 2024
$2,030
$2,330
$3,000
$3,630
$4,000
FY 2023
$1,740
$1,980
$2,600
$3,160
$3,490
Questions about Princeton Junction, NJ rents
How much will Section 8 pay for a two-bedroom in Princeton Junction, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,242, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,018 to $2,466 a month; under the ZIP-level Small Area FMR of $3,360 it would be $3,024 to $3,696. 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 Princeton Junction, NJ in?
Princeton Junction, NJ is in the Trenton-Princeton, NJ MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,242.
How much did fair market rent change in Princeton Junction, NJ for FY 2027?
The two-bedroom FMR rose 14.7%, from $2,930 in FY 2026 to $3,360 in FY 2027. Since FY 2023 it has risen 29.2%.
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