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Home/NJ/Morris County

Morris County, NJ

CountySAFMR
Found 65 ZIPs
Zillow

County Median Investment Score

54Below average

095130300
BRFMR
Eff. Rent
0 BR$1,460 – $2,520$1,610 – $2,770
1 BR$1,640 – $2,780$1,790 – $2,740
2 BR$1,990 – $3,390$2,080 – $3,590
3 BR$2,490 – $4,180$2,350 – $4,460
4 BR$2,830 – $4,780$2,950 – $5,260
5 BR$4,221Not available
6 BR$4,854Not available
7 BR$5,582Not available
8 BR$6,419Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
10
0.39-1.38
1 BR
13
0.55-1.43
2 BR
11
0.67-1.46
3 BR
10
0.66-1.37
4 BR
11
0.57-1.35
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Morris County, NJ fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 65 ZIP codes in Morris County, NJ ranges from $1,990 to $3,390 a month, with a median of $2,560. That is down 1.2% from $2,590 in FY 2026. Morris County 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 Morris County is 15% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Morris County, NJ
BedroomsFY 2027Change90–110% range
Studio$1,880−0.5%$1,692–$2,068
1BR$2,120−0.9%$1,908–$2,332
2BR$2,560−1.2%$2,304–$2,816
3BR$3,210−0.9%$2,889–$3,531
4BR$3,670−0.3%$3,303–$4,037

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Morris County, NJ
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,880$2,120$2,560$3,210$3,670
FY 2026$1,890$2,140$2,590$3,240$3,680
FY 2025$1,860$2,120$2,560$3,220$3,670
FY 2024$1,680$1,930$2,330$2,950$3,360
FY 2023$1,350$1,590$1,910$2,430$2,860

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
07920$3,390+32.4%
07927$3,350+30.9%
07932$3,350+30.9%
07936$3,350+30.9%
07950$3,350+30.9%
07981$3,350+30.9%
07926$3,340+30.5%
07960$3,340+30.5%
07935$3,300+28.9%
07457$3,280+28.1%
07878$3,250+27.0%
07928$3,250+27.0%
07961$3,240+26.6%
07856$3,170+23.8%
07058$3,160+23.4%
07876$3,120+21.9%
07924$3,110+21.5%
07940$3,040+18.8%
07931$2,980+16.4%
07945$2,980+16.4%
07946$2,940+14.8%
07970$2,910+13.7%
07460$2,900+13.3%
07847$2,880+12.5%

Showing the 24 highest of 65 ZIP codes.

Questions about Morris County, NJ rents

How much will Section 8 pay for a two-bedroom in Morris County, 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 $2,560 it would be $2,304 to $2,816. 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 Morris County, NJ in?

Morris County, 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 Morris County, NJ for FY 2027?

The two-bedroom FMR fell 1.2%, from $2,590 in FY 2026 to $2,560 in FY 2027. Since FY 2023 it has risen 34.0%.

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

NJ statewide rentsWhat is SAFMR?Data sources