FMR is near market; voucher and private rents are aligned.
0.97
1 BR
1 BR- 07885
1.06ratio
FMR$2,110
Market$1,990
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.06
2 BR
2 BR- 07885
1.04ratio
FMR$2,550
Market$2,460
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.04
3 BR
3 BR- 07885
1.03ratio
FMR$3,180
Market$3,080
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.03
4 BR
4 BR- 07885
0.94ratio
FMR$3,640
Market$3,870
vs market-$230
FMR is near market; voucher and private rents are aligned.
0.94
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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Wharton, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Wharton, NJ is $2,550 a month. That is down 3.4% from $2,640 in FY 2026. Wharton 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 Wharton is 14% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Wharton, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,930
$1,870
−3.1%
$1,683–$2,057
1BR
$2,180
$2,110
−3.2%
$1,899–$2,321
2BR
$2,640
$2,550
−3.4%
$2,295–$2,805
3BR
$3,310
$3,180
−3.9%
$2,862–$3,498
4BR
$3,760
$3,640
−3.2%
$3,276–$4,004
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Wharton, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,870
$2,110
$2,550
$3,180
$3,640
FY 2026
$1,930
$2,180
$2,640
$3,310
$3,760
FY 2025
$1,920
$2,190
$2,650
$3,340
$3,800
FY 2024
$1,730
$2,000
$2,410
$3,050
$3,520
FY 2023
$1,380
$1,640
$1,970
$2,500
$2,940
Questions about Wharton, NJ rents
How much will Section 8 pay for a two-bedroom in Wharton, 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 $2,550 it would be $2,295 to $2,805. 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 Wharton, NJ in?
Wharton, 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 Wharton, NJ for FY 2027?
The two-bedroom FMR fell 3.4%, from $2,640 in FY 2026 to $2,550 in FY 2027. Since FY 2023 it has risen 29.4%.
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