FMR is below market; voucher rent may lag private rents.
0.84
1 BR
1 BR- 08880
0.89ratio
FMR$1,970
Market$2,220
vs market-$250
FMR is below market; voucher rent may lag private rents.
0.89
2 BR
2 BR- 08880
0.91ratio
FMR$2,460
Market$2,700
vs market-$240
FMR is near market; voucher and private rents are aligned.
0.91
3 BR
3 BR- 08880
0.89ratio
FMR$2,930
Market$3,310
vs market-$380
FMR is below market; voucher rent may lag private rents.
0.89
4 BR
4 BR- 08880
0.86ratio
FMR$3,290
Market$3,820
vs market-$530
FMR is below market; voucher rent may lag private rents.
0.86
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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South Bound Brook, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in South Bound Brook, NJ is $2,460 a month. That is up 3.8% from $2,370 in FY 2026. South Bound Brook 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 South Bound Brook is 10% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for South Bound Brook, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,720
$1,830
+6.4%
$1,647–$2,013
1BR
$1,890
$1,970
+4.2%
$1,773–$2,167
2BR
$2,370
$2,460
+3.8%
$2,214–$2,706
3BR
$2,840
$2,930
+3.2%
$2,637–$3,223
4BR
$3,140
$3,290
+4.8%
$2,961–$3,619
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for South Bound Brook, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,830
$1,970
$2,460
$2,930
$3,290
FY 2026
$1,720
$1,890
$2,370
$2,840
$3,140
FY 2025
$1,480
$1,660
$2,090
$2,520
$2,770
FY 2024
$1,580
$1,770
$2,230
$2,700
$2,970
FY 2023
$1,300
$1,470
$1,860
$2,260
$2,500
Questions about South Bound Brook, NJ rents
How much will Section 8 pay for a two-bedroom in South Bound Brook, 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 $2,460 it would be $2,214 to $2,706. 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 South Bound Brook, NJ in?
South Bound Brook, 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 South Bound Brook, NJ for FY 2027?
The two-bedroom FMR rose 3.8%, from $2,370 in FY 2026 to $2,460 in FY 2027. Since FY 2023 it has risen 32.3%.
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