FMR is below market; voucher rent may lag private rents.
0.77
1 BR
1 BR- 08242
0.74ratio
FMR$1,470
Market$1,990
vs market-$520
FMR is below market; voucher rent may lag private rents.
0.74
2 BR
2 BR- 08242
0.77ratio
FMR$1,800
Market$2,330
vs market-$530
FMR is below market; voucher rent may lag private rents.
0.77
3 BR
3 BR- 08242
0.91ratio
FMR$2,350
Market$2,580
vs market-$230
FMR is near market; voucher and private rents are aligned.
0.91
4 BR
4 BR- 08242
0.92ratio
FMR$2,360
Market$2,560
vs market-$200
FMR is near market; voucher and private rents are aligned.
0.92
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
--
Rio Grande, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Rio Grande, NJ is $1,800 a month. That is up 2.9% from $1,750 in FY 2026. Rio Grande is in the Cape May County, 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 $1,857. The median county two-bedroom FMR in New Jersey is $2,233, so Rio Grande is 19% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Rio Grande, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,290
$1,470
+14.0%
$1,323–$1,617
1BR
$1,330
$1,470
+10.5%
$1,323–$1,617
2BR
$1,750
$1,800
+2.9%
$1,620–$1,980
3BR
$2,330
$2,350
+0.9%
$2,115–$2,585
4BR
$2,340
$2,360
+0.9%
$2,124–$2,596
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Rio Grande, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,470
$1,470
$1,800
$2,350
$2,360
FY 2026
$1,290
$1,330
$1,750
$2,330
$2,340
FY 2025
$1,180
$1,200
$1,580
$2,110
$2,110
FY 2024
$1,060
$1,140
$1,500
$1,890
$2,000
FY 2023
$970
$1,090
$1,440
$1,790
$1,930
Questions about Rio Grande, NJ rents
How much will Section 8 pay for a two-bedroom in Rio Grande, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,857, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,671 to $2,043 a month; under the ZIP-level Small Area FMR of $1,800 it would be $1,620 to $1,980. 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 Rio Grande, NJ in?
Rio Grande, NJ is in the Cape May County, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,857.
How much did fair market rent change in Rio Grande, NJ for FY 2027?
The two-bedroom FMR rose 2.9%, from $1,750 in FY 2026 to $1,800 in FY 2027. Since FY 2023 it has risen 25.0%.
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