FMR is below market; voucher rent may lag private rents.
0.72
1 BR
1 BR- 08758
0.90ratio
FMR$2,060
Market$2,300
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.90
2 BR
2 BR- 08758
1.02ratio
FMR$2,540
Market$2,480
vs market+$60
FMR is near market; voucher and private rents are aligned.
1.02
3 BR
3 BR- 08758
0.97ratio
FMR$3,260
Market$3,370
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.97
4 BR
4 BR- 08758
1.08ratio
FMR$3,610
Market$3,330
vs market+$280
FMR is near market; voucher and private rents are aligned.
1.08
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
--
Waretown, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Waretown, NJ is $2,540 a month. That is up 22.1% from $2,080 in FY 2026. Waretown is in the Monmouth-Ocean, NJ HUD Metro FMR Area, 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 Waretown is 14% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Waretown, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,500
$1,870
+24.7%
$1,683–$2,057
1BR
$1,690
$2,060
+21.9%
$1,854–$2,266
2BR
$2,080
$2,540
+22.1%
$2,286–$2,794
3BR
$2,720
$3,260
+19.9%
$2,934–$3,586
4BR
$3,010
$3,610
+19.9%
$3,249–$3,971
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Waretown, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,870
$2,060
$2,540
$3,260
$3,610
FY 2026
$1,500
$1,690
$2,080
$2,720
$3,010
FY 2025
$1,430
$1,610
$1,980
$2,640
$2,930
FY 2024
$1,470
$1,640
$2,030
$2,760
$3,080
FY 2023
$1,280
$1,430
$1,790
$2,450
$2,730
Questions about Waretown, NJ rents
How much will Section 8 pay for a two-bedroom in Waretown, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,540, that basic range is $2,286 to $2,794 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 Waretown, NJ in?
Waretown, NJ is in the Monmouth-Ocean, NJ HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Waretown, NJ for FY 2027?
The two-bedroom FMR rose 22.1%, from $2,080 in FY 2026 to $2,540 in FY 2027. Since FY 2023 it has risen 41.9%.
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