FMR is below market; voucher rent may lag private rents.
0.53
1 BR
1 BR- 08558
0.73ratio
FMR$2,100
Market$2,870
vs market-$770
FMR is below market; voucher rent may lag private rents.
0.73
2 BR
2 BR- 08558
0.87ratio
FMR$2,620
Market$3,010
vs market-$390
FMR is below market; voucher rent may lag private rents.
0.87
3 BR
3 BR- 08558
0.74ratio
FMR$3,120
Market$4,190
vs market-$1,070
FMR is below market; voucher rent may lag private rents.
0.74
4 BR
4 BR- 08558
0.69ratio
FMR$3,500
Market$5,070
vs market-$1,570
FMR is below market; voucher rent may lag private rents.
0.69
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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Skillman, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Skillman, NJ is $2,620 a month. That is up 3.6% from $2,530 in FY 2026. Skillman is in the Middlesex-Somerset-Hunterdon, 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 $2,623. The median county two-bedroom FMR in New Jersey is $2,233, so Skillman is 17% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Skillman, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,840
$1,950
+6.0%
$1,755–$2,145
1BR
$2,010
$2,100
+4.5%
$1,890–$2,310
2BR
$2,530
$2,620
+3.6%
$2,358–$2,882
3BR
$3,030
$3,120
+3.0%
$2,808–$3,432
4BR
$3,350
$3,500
+4.5%
$3,150–$3,850
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Skillman, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,950
$2,100
$2,620
$3,120
$3,500
FY 2026
$1,840
$2,010
$2,530
$3,030
$3,350
FY 2025
$1,610
$1,810
$2,280
$2,750
$3,020
FY 2024
$1,770
$1,990
$2,510
$3,040
$3,340
FY 2023
$1,530
$1,730
$2,190
$2,670
$2,940
Questions about Skillman, NJ rents
How much will Section 8 pay for a two-bedroom in Skillman, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,623, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,361 to $2,885 a month; under the ZIP-level Small Area FMR of $2,620 it would be $2,358 to $2,882. 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 Skillman, NJ in?
Skillman, NJ is in the Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,623.
How much did fair market rent change in Skillman, NJ for FY 2027?
The two-bedroom FMR rose 3.6%, from $2,530 in FY 2026 to $2,620 in FY 2027. Since FY 2023 it has risen 19.6%.
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