Home/NJ/Morris County
Morris County, NJ
CountyFMR
Found 65 ZIPs
Zillow
BRFMR
Eff. Rent
0 BR$1,612▲$1,620 – $1,770
1 BR$1,822▲$1,790 – $2,000
2 BR$2,205▲$2,080 – $2,430
3 BR$2,761▲$2,350 – $3,040
4 BR$3,137▲$2,950 – $3,450
5 BR$3,608▲—
6 BR$4,149▲—
7 BR$4,771▲—
8 BR$5,487▲—

Purchase Price Calculator

Maximum purchase price
$299,181

Cost breakdown

+Likely effective rent$2,430
HUD FMR$2,205
Market rent$2,840
Est. payment standard (110%)Used$2,430
Estimated payment standard is $2,430 (110% of FMR).
-Principal and interest-$1,513
Loan amount$239,344
Down payment$59,836
Rate6.50%
Term30 years
-Operating costs-$717
Property taxes-$299
Insurance-$175
Utilities$0
HOA$0
Management-$243
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$38,779(64.8% ROI)
Projected value
$322,185
Current value$299,181
Return breakdown
Property appreciation+$23,004
Loan principal paid down+$8,575
Rental cash flow+$7,200
5-year hold
+$66,607(111.3% ROI)
Projected value
$338,495
Current value$299,181
Return breakdown
Property appreciation+$39,315
Loan principal paid down+$15,292
Rental cash flow+$12,000
10-year hold
+$144,233(241.0% ROI)
Projected value
$382,976
Current value$299,181
Return breakdown
Property appreciation+$83,796
Loan principal paid down+$36,437
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio- 25 ZIPs
0.38-0.64ratio range
Median FMR$1,612
Median Market$3,030
vs market-$1,418

FMR is below market; voucher rent may lag private rents.

25
Studio- 5 ZIPs
0.65-0.68ratio range
Median FMR$1,612
Median Market$2,410
vs market-$798

FMR is below market; voucher rent may lag private rents.

90% standard$1,451 / 0.60 ratio110% standard$1,773 / 0.74 ratio
Studio- 9 ZIPs
0.69-0.71ratio range
Median FMR$1,612
Median Market$2,310
vs market-$698

FMR is below market; voucher rent may lag private rents.

90% standard$1,451 / 0.63 ratio110% standard$1,773 / 0.77 ratio
Studio- 5 ZIPs
0.73-0.74ratio range
Median FMR$1,612
Median Market$2,200
vs market-$588

FMR is below market; voucher rent may lag private rents.

90% standard$1,451 / 0.66 ratio110% standard$1,773 / 0.81 ratio
Studio- 5 ZIPs
0.78-0.81ratio range
Median FMR$1,612
Median Market$2,000
vs market-$388

FMR is below market; voucher rent may lag private rents.

90% standard$1,451 / 0.73 ratio110% standard$1,773 / 0.89 ratio
Studio- 9 ZIPs
0.82-0.85ratio range
Median FMR$1,612
Median Market$1,890
vs market-$278

FMR is below market; voucher rent may lag private rents.

90% standard$1,451 / 0.77 ratio110% standard$1,773 / 0.94 ratio
Studio- 2 ZIPs
0.86ratio range
Median FMR$1,612
Median Market$1,880
vs market-$268

FMR is below market; voucher rent may lag private rents.

90% standard$1,451 / 0.77 ratio110% standard$1,773 / 0.94 ratio
Studio- 2 ZIPs
0.91-0.93ratio range
Median FMR$1,612
Median Market$1,760
vs market-$148

FMR is near market; voucher and private rents are aligned.

90% standard$1,451 / 0.82 ratio110% standard$1,773 / 1.01 ratio
Studio- 2 ZIPs
0.94-0.96ratio range
Median FMR$1,612
Median Market$1,695
vs market-$83

FMR is near market; voucher and private rents are aligned.

90% standard$1,451 / 0.86 ratio110% standard$1,773 / 1.05 ratio
Studio- 1 ZIP
0.99ratio
FMR$1,612
Market$1,630
vs market-$18

FMR is near market; voucher and private rents are aligned.

90% standard$1,451 / 0.89 ratio110% standard$1,773 / 1.09 ratio
0.38-0.99
1 BR
1 BR- 2 ZIPs
0.53-0.63ratio range
Median FMR$1,822
Median Market$3,170
vs market-$1,348

FMR is below market; voucher rent may lag private rents.

90% standard$1,640 / 0.52 ratio110% standard$2,004 / 0.64 ratio
1 BR- 6 ZIPs
0.64-0.68ratio range
Median FMR$1,822
Median Market$2,715
vs market-$893

FMR is below market; voucher rent may lag private rents.

90% standard$1,640 / 0.60 ratio110% standard$2,004 / 0.74 ratio
1 BR- 14 ZIPs
0.69-0.73ratio range
Median FMR$1,822
Median Market$2,585
vs market-$763

FMR is below market; voucher rent may lag private rents.

90% standard$1,640 / 0.63 ratio110% standard$2,004 / 0.78 ratio
14
1 BR- 4 ZIPs
0.73-0.76ratio range
Median FMR$1,822
Median Market$2,455
vs market-$633

FMR is below market; voucher rent may lag private rents.

90% standard$1,640 / 0.67 ratio110% standard$2,004 / 0.82 ratio
1 BR- 5 ZIPs
0.78-0.81ratio range
Median FMR$1,822
Median Market$2,290
vs market-$468

FMR is below market; voucher rent may lag private rents.

90% standard$1,640 / 0.72 ratio110% standard$2,004 / 0.88 ratio
1 BR- 6 ZIPs
0.82-0.85ratio range
Median FMR$1,822
Median Market$2,190
vs market-$368

FMR is below market; voucher rent may lag private rents.

90% standard$1,640 / 0.75 ratio110% standard$2,004 / 0.92 ratio
1 BR- 2 ZIPs
0.87-0.90ratio range
Median FMR$1,822
Median Market$2,060
vs market-$238

FMR is below market; voucher rent may lag private rents.

90% standard$1,640 / 0.80 ratio110% standard$2,004 / 0.97 ratio
1 BR- 14 ZIPs
0.90-0.93ratio range
Median FMR$1,822
Median Market$1,965
vs market-$143

FMR is near market; voucher and private rents are aligned.

90% standard$1,640 / 0.83 ratio110% standard$2,004 / 1.02 ratio
14
1 BR- 8 ZIPs
0.95-0.98ratio range
Median FMR$1,822
Median Market$1,895
vs market-$73

FMR is near market; voucher and private rents are aligned.

90% standard$1,640 / 0.87 ratio110% standard$2,004 / 1.06 ratio
8
1 BR- 4 ZIPs
0.98-1.02ratio range
Median FMR$1,822
Median Market$1,815
vs market+$7

FMR is near market; voucher and private rents are aligned.

90% standard$1,640 / 0.90 ratio110% standard$2,004 / 1.10 ratio
0.53-1.02
2 BR
2 BR- 5 ZIPs
0.59-0.64ratio range
Median FMR$2,205
Median Market$3,530
vs market-$1,325

FMR is below market; voucher rent may lag private rents.

90% standard$1,985 / 0.56 ratio110% standard$2,426 / 0.69 ratio
2 BR- 6 ZIPs
0.66-0.68ratio range
Median FMR$2,205
Median Market$3,260
vs market-$1,055

FMR is below market; voucher rent may lag private rents.

90% standard$1,985 / 0.61 ratio110% standard$2,426 / 0.74 ratio
6
2 BR- 11 ZIPs
0.69-0.72ratio range
Median FMR$2,205
Median Market$3,140
vs market-$935

FMR is below market; voucher rent may lag private rents.

90% standard$1,985 / 0.63 ratio110% standard$2,426 / 0.77 ratio
11
2 BR- 9 ZIPs
0.73-0.77ratio range
Median FMR$2,205
Median Market$2,940
vs market-$735

FMR is below market; voucher rent may lag private rents.

90% standard$1,985 / 0.68 ratio110% standard$2,426 / 0.83 ratio
9
2 BR- 8 ZIPs
0.78-0.81ratio range
Median FMR$2,205
Median Market$2,815
vs market-$610

FMR is below market; voucher rent may lag private rents.

90% standard$1,985 / 0.70 ratio110% standard$2,426 / 0.86 ratio
8
2 BR- 6 ZIPs
0.83-0.85ratio range
Median FMR$2,205
Median Market$2,640
vs market-$435

FMR is below market; voucher rent may lag private rents.

90% standard$1,985 / 0.75 ratio110% standard$2,426 / 0.92 ratio
6
2 BR- 7 ZIPs
0.86-0.90ratio range
Median FMR$2,205
Median Market$2,480
vs market-$275

FMR is below market; voucher rent may lag private rents.

90% standard$1,985 / 0.80 ratio110% standard$2,426 / 0.98 ratio
7
2 BR- 10 ZIPs
0.90-0.92ratio range
Median FMR$2,205
Median Market$2,440
vs market-$235

FMR is near market; voucher and private rents are aligned.

90% standard$1,985 / 0.81 ratio110% standard$2,426 / 0.99 ratio
10
2 BR- 1 ZIP
0.96ratio
FMR$2,205
Market$2,300
vs market-$95

FMR is near market; voucher and private rents are aligned.

90% standard$1,985 / 0.86 ratio110% standard$2,426 / 1.05 ratio
2 BR- 1 ZIP
1.05ratio
FMR$2,205
Market$2,110
vs market+$95

FMR is near market; voucher and private rents are aligned.

90% standard$1,985 / 0.94 ratio110% standard$2,426 / 1.15 ratio
2 BR- 1 ZIP
1.06ratio
FMR$2,205
Market$2,080
vs market+$125

FMR is near market; voucher and private rents are aligned.

90% standard$1,985 / 0.95 ratio110% standard$2,426 / 1.17 ratio
0.59-1.06
3 BR
3 BR- 7 ZIPs
0.59-0.64ratio range
Median FMR$2,761
Median Market$4,340
vs market-$1,579

FMR is below market; voucher rent may lag private rents.

90% standard$2,485 / 0.57 ratio110% standard$3,037 / 0.70 ratio
7
3 BR- 4 ZIPs
0.66-0.68ratio range
Median FMR$2,761
Median Market$4,105
vs market-$1,344

FMR is below market; voucher rent may lag private rents.

90% standard$2,485 / 0.61 ratio110% standard$3,037 / 0.74 ratio
3 BR- 10 ZIPs
0.69-0.73ratio range
Median FMR$2,761
Median Market$3,880
vs market-$1,119

FMR is below market; voucher rent may lag private rents.

90% standard$2,485 / 0.64 ratio110% standard$3,037 / 0.78 ratio
10
3 BR- 6 ZIPs
0.74-0.77ratio range
Median FMR$2,761
Median Market$3,680
vs market-$919

FMR is below market; voucher rent may lag private rents.

90% standard$2,485 / 0.68 ratio110% standard$3,037 / 0.83 ratio
3 BR- 8 ZIPs
0.77-0.81ratio range
Median FMR$2,761
Median Market$3,490
vs market-$729

FMR is below market; voucher rent may lag private rents.

90% standard$2,485 / 0.71 ratio110% standard$3,037 / 0.87 ratio
8
3 BR- 12 ZIPs
0.82-0.85ratio range
Median FMR$2,761
Median Market$3,310
vs market-$549

FMR is below market; voucher rent may lag private rents.

90% standard$2,485 / 0.75 ratio110% standard$3,037 / 0.92 ratio
12
3 BR- 14 ZIPs
0.86-0.90ratio range
Median FMR$2,761
Median Market$3,165
vs market-$404

FMR is below market; voucher rent may lag private rents.

90% standard$2,485 / 0.79 ratio110% standard$3,037 / 0.96 ratio
14
3 BR- 1 ZIP
0.93ratio
FMR$2,761
Market$2,980
vs market-$219

FMR is near market; voucher and private rents are aligned.

90% standard$2,485 / 0.83 ratio110% standard$3,037 / 1.02 ratio
3 BR- 2 ZIPs
0.96-0.97ratio range
Median FMR$2,761
Median Market$2,865
vs market-$104

FMR is near market; voucher and private rents are aligned.

90% standard$2,485 / 0.87 ratio110% standard$3,037 / 1.06 ratio
3 BR- 1 ZIP
1.17ratio
FMR$2,761
Market$2,350
vs market+$411

FMR is above market; underwrite to market rent.

90% standard$2,485 / 1.06 ratio110% standard$3,037 / 1.29 ratio
0.59-1.17
4 BR
4 BR- 15 ZIPs
0.54-0.63ratio range
Median FMR$3,137
Median Market$5,420
vs market-$2,283

FMR is below market; voucher rent may lag private rents.

90% standard$2,823 / 0.52 ratio110% standard$3,451 / 0.64 ratio
15
4 BR- 4 ZIPs
0.65-0.68ratio range
Median FMR$3,137
Median Market$4,690
vs market-$1,553

FMR is below market; voucher rent may lag private rents.

90% standard$2,823 / 0.60 ratio110% standard$3,451 / 0.74 ratio
4 BR- 4 ZIPs
0.70-0.72ratio range
Median FMR$3,137
Median Market$4,440
vs market-$1,303

FMR is below market; voucher rent may lag private rents.

90% standard$2,823 / 0.64 ratio110% standard$3,451 / 0.78 ratio
4 BR- 8 ZIPs
0.74-0.77ratio range
Median FMR$3,137
Median Market$4,175
vs market-$1,038

FMR is below market; voucher rent may lag private rents.

90% standard$2,823 / 0.68 ratio110% standard$3,451 / 0.83 ratio
8
4 BR- 15 ZIPs
0.77-0.81ratio range
Median FMR$3,137
Median Market$3,980
vs market-$843

FMR is below market; voucher rent may lag private rents.

90% standard$2,823 / 0.71 ratio110% standard$3,451 / 0.87 ratio
15
4 BR- 10 ZIPs
0.81-0.85ratio range
Median FMR$3,137
Median Market$3,755
vs market-$618

FMR is below market; voucher rent may lag private rents.

90% standard$2,823 / 0.75 ratio110% standard$3,451 / 0.92 ratio
10
4 BR- 5 ZIPs
0.86-0.90ratio range
Median FMR$3,137
Median Market$3,520
vs market-$383

FMR is below market; voucher rent may lag private rents.

90% standard$2,823 / 0.80 ratio110% standard$3,451 / 0.98 ratio
4 BR- 1 ZIP
0.97ratio
FMR$3,137
Market$3,240
vs market-$103

FMR is near market; voucher and private rents are aligned.

90% standard$2,823 / 0.87 ratio110% standard$3,451 / 1.07 ratio
4 BR- 2 ZIPs
1.03-1.04ratio range
Median FMR$3,137
Median Market$3,045
vs market+$92

FMR is near market; voucher and private rents are aligned.

90% standard$2,823 / 0.93 ratio110% standard$3,451 / 1.13 ratio
4 BR- 1 ZIP
1.06ratio
FMR$3,137
Market$2,950
vs market+$187

FMR is near market; voucher and private rents are aligned.

90% standard$2,823 / 0.96 ratio110% standard$3,451 / 1.17 ratio
0.54-1.06
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for Morris County, NJ (NJ) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled FMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

What is FMR?What is SAFMR?Data sourcesIncomplete geos
Related ZIPs
07005070340703507045070460705407058070820740507435

Morris County, NJ fair market rent and Section 8 rent limits

The FY 2026 HUD Fair Market Rent (FMR) page for Morris County, NJ shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,205 and the 4 bedroom fair market rent is $3,137.

Use this page for searches like Morris County, NJ FMR, Morris County, NJ fair market rent, and Morris County, NJ Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for Morris County, NJ
Bedroom sizeHUD FMR
Studio$1,612
1 bedroom$1,822
2 bedroom$2,205
3 bedroom$2,761
4 bedroom$3,137
07005 FMR07034 FMR07035 FMR07045 FMR07046 FMR07054 FMR07058 FMR07082 FMR