FMR is below market; voucher rent may lag private rents.
0.80
1 BR
1 BR- 07869
1.02ratio
FMR$2,000
Market$1,970
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.02
2 BR
2 BR- 07869
0.88ratio
FMR$2,410
Market$2,730
vs market-$320
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR- 07869
0.92ratio
FMR$3,010
Market$3,270
vs market-$260
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR- 07869
0.77ratio
FMR$3,440
Market$4,460
vs market-$1,020
FMR is below market; voucher rent may lag private rents.
0.77
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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Randolph, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Randolph, NJ is $2,410 a month. That is down 1.6% from $2,450 in FY 2026. Randolph is in the Newark, 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 $2,233. The median county two-bedroom FMR in New Jersey is $2,233, so Randolph is 8% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Randolph, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,790
$1,770
−1.1%
$1,593–$1,947
1BR
$2,020
$2,000
−1.0%
$1,800–$2,200
2BR
$2,450
$2,410
−1.6%
$2,169–$2,651
3BR
$3,070
$3,010
−2.0%
$2,709–$3,311
4BR
$3,490
$3,440
−1.4%
$3,096–$3,784
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Randolph, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,770
$2,000
$2,410
$3,010
$3,440
FY 2026
$1,790
$2,020
$2,450
$3,070
$3,490
FY 2025
$1,740
$1,980
$2,400
$3,020
$3,440
FY 2024
$1,540
$1,780
$2,140
$2,710
$3,130
FY 2023
$1,250
$1,480
$1,780
$2,260
$2,650
Questions about Randolph, NJ rents
How much will Section 8 pay for a two-bedroom in Randolph, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,233, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,010 to $2,456 a month; under the ZIP-level Small Area FMR of $2,410 it would be $2,169 to $2,651. 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 Randolph, NJ in?
Randolph, NJ is in the Newark, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,233.
How much did fair market rent change in Randolph, NJ for FY 2027?
The two-bedroom FMR fell 1.6%, from $2,450 in FY 2026 to $2,410 in FY 2027. Since FY 2023 it has risen 35.4%.
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