FMR is below market; voucher rent may lag private rents.
0.76
1 BR
1 BR- 08074
0.89ratio
FMR$1,470
Market$1,650
vs market-$180
FMR is below market; voucher rent may lag private rents.
0.89
2 BR
2 BR- 08074
0.83ratio
FMR$1,750
Market$2,110
vs market-$360
FMR is below market; voucher rent may lag private rents.
0.83
3 BR
3 BR- 08074
0.86ratio
FMR$2,100
Market$2,430
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.86
4 BR
4 BR- 08074
0.82ratio
FMR$2,340
Market$2,860
vs market-$520
FMR is below market; voucher rent may lag private rents.
0.82
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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Richwood, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Richwood, NJ is $1,750 a month. That is down 9.8% from $1,940 in FY 2026. Richwood is in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in New Jersey is $2,233, so Richwood is 22% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Richwood, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,500
$1,350
−10.0%
$1,215–$1,485
1BR
$1,630
$1,470
−9.8%
$1,323–$1,617
2BR
$1,940
$1,750
−9.8%
$1,575–$1,925
3BR
$2,330
$2,100
−9.9%
$1,890–$2,310
4BR
$2,600
$2,340
−10.0%
$2,106–$2,574
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Richwood, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,350
$1,470
$1,750
$2,100
$2,340
FY 2026
$1,500
$1,630
$1,940
$2,330
$2,600
FY 2025
$1,310
$1,440
$1,720
$2,070
$2,360
FY 2024
$1,290
$1,440
$1,720
$2,080
$2,400
FY 2023
$1,170
$1,320
$1,590
$1,940
$2,250
Questions about Richwood, NJ rents
How much will Section 8 pay for a two-bedroom in Richwood, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,750, that basic range is $1,575 to $1,925 a month. 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 Richwood, NJ in?
Richwood, NJ is in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Richwood, NJ for FY 2027?
The two-bedroom FMR fell 9.8%, from $1,940 in FY 2026 to $1,750 in FY 2027. Since FY 2023 it has risen 10.1%.
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