FMR is below market; voucher rent may lag private rents.
0.68
1 BR
1 BR- 07081
0.98ratio
FMR$2,430
Market$2,490
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.98
2 BR
2 BR- 07081
0.84ratio
FMR$2,930
Market$3,480
vs market-$550
FMR is below market; voucher rent may lag private rents.
0.84
3 BR
3 BR- 07081
0.88ratio
FMR$3,650
Market$4,130
vs market-$480
FMR is below market; voucher rent may lag private rents.
0.88
4 BR
4 BR- 07081
0.84ratio
FMR$4,180
Market$4,970
vs market-$790
FMR is below market; voucher rent may lag private rents.
0.84
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
--
Springfield, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Springfield, NJ is $2,930 a month. That is up 0.3% from $2,920 in FY 2026. Springfield 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 Springfield is 31% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Springfield, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,140
$2,150
+0.5%
$1,935–$2,365
1BR
$2,410
$2,430
+0.8%
$2,187–$2,673
2BR
$2,920
$2,930
+0.3%
$2,637–$3,223
3BR
$3,660
$3,650
−0.3%
$3,285–$4,015
4BR
$4,150
$4,180
+0.7%
$3,762–$4,598
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Springfield, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,150
$2,430
$2,930
$3,650
$4,180
FY 2026
$2,140
$2,410
$2,920
$3,660
$4,150
FY 2025
$2,090
$2,380
$2,880
$3,630
$4,120
FY 2024
$1,890
$2,180
$2,630
$3,330
$3,840
FY 2023
$1,570
$1,870
$2,240
$2,840
$3,340
Questions about Springfield, NJ rents
How much will Section 8 pay for a two-bedroom in Springfield, 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 $2,930 it would be $2,637 to $3,223. 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 Springfield, NJ in?
Springfield, 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 Springfield, NJ for FY 2027?
The two-bedroom FMR rose 0.3%, from $2,920 in FY 2026 to $2,930 in FY 2027. Since FY 2023 it has risen 30.8%.
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