New Jersey (NJ)

STATESAFMR

Found 691 ZIPs

State Median Investment Score

54Below average

095130300

BR	Rent	3Y CAGR
0 BR	$880 - $3,690Median: $1,637	5.9%
1 BR	$970 - $3,770Median: $1,850	5.2%
2 BR	$1,200 - $4,190Median: $2,233	4.8%
3 BR	$1,540 - $5,090Median: $2,785	4.3%
4 BR	$1,700 - $5,970Median: $3,188	4.4%

Market Alignment

Studio

Studio- 157 ZIPs

0.11-0.64ratio range

Median FMR$1,637

Median Market$3,130

vs market-$1,493

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

157

Studio- 49 ZIPs

0.64-0.69ratio range

Median FMR$1,637

Median Market$2,470

vs market-$833

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

Studio- 56 ZIPs

0.69-0.73ratio range

Median FMR$1,637

Median Market$2,350

vs market-$713

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

Studio- 47 ZIPs

0.73-0.77ratio range

Median FMR$1,637

Median Market$2,170

vs market-$533

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

Studio- 53 ZIPs

0.77-0.81ratio range

Median FMR$1,650

Median Market$2,110

vs market-$460

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

Studio- 64 ZIPs

0.81-0.86ratio range

Median FMR$1,637

Median Market$1,925

vs market-$288

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

Studio- 42 ZIPs

0.86-0.90ratio range

Median FMR$1,637

Median Market$1,875

vs market-$238

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

Studio- 36 ZIPs

0.90-0.94ratio range

Median FMR$1,637

Median Market$1,780

vs market-$143

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

Studio- 28 ZIPs

0.94-0.98ratio range

Median FMR$1,637

Median Market$1,740

vs market-$103

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

Studio- 25 ZIPs

0.98-1.02ratio range

Median FMR$1,637

Median Market$1,640

vs market-$3

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

Studio- 16 ZIPs

1.02-1.06ratio range

Median FMR$1,617

Median Market$1,570

vs market+$47

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

Studio- 18 ZIPs

1.06-1.09ratio range

Median FMR$1,785

Median Market$1,640

vs market+$145

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

Studio- 17 ZIPs

1.10-1.15ratio range

Median FMR$1,637

Median Market$1,470

vs market+$167

FMR is above market; underwrite to market rent.

Studio- 13 ZIPs

1.15-1.20ratio range

Median FMR$2,290

Median Market$1,990

vs market+$300

FMR is above market; underwrite to market rent.

Studio- 10 ZIPs

1.20-1.25ratio range

Median FMR$2,180

Median Market$1,780

vs market+$400

FMR is above market; underwrite to market rent.

Studio- 7 ZIPs

1.27-1.28ratio range

Median FMR$1,637

Median Market$1,290

vs market+$347

FMR is above market; underwrite to market rent.

Studio- 3 ZIPs

1.30-1.34ratio range

Median FMR$1,910

Median Market$1,450

vs market+$460

FMR is above market; underwrite to market rent.

Studio- 7 ZIPs

1.39-1.61ratio range

Median FMR$2,440

Median Market$1,750

vs market+$690

FMR is above market; underwrite to market rent.

0.11-1.61

1 BR

1 BR- 13 ZIPs

0.35-0.64ratio range

Median FMR$1,760

Median Market$2,820

vs market-$1,060

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

1 BR- 17 ZIPs

0.65-0.69ratio range

Median FMR$1,750

Median Market$2,580

vs market-$830

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

1 BR- 26 ZIPs

0.69-0.73ratio range

Median FMR$1,850

Median Market$2,615

vs market-$765

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

1 BR- 54 ZIPs

0.73-0.77ratio range

Median FMR$1,850

Median Market$2,430

vs market-$580

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

1 BR- 61 ZIPs

0.77-0.81ratio range

Median FMR$1,850

Median Market$2,320

vs market-$470

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

1 BR- 56 ZIPs

0.81-0.86ratio range

Median FMR$1,850

Median Market$2,220

vs market-$370

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

1 BR- 74 ZIPs

0.86-0.90ratio range

Median FMR$1,850

Median Market$2,080

vs market-$230

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

1 BR- 85 ZIPs

0.90-0.94ratio range

Median FMR$1,850

Median Market$2,010

vs market-$160

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

1 BR- 62 ZIPs

0.94-0.98ratio range

Median FMR$1,960

Median Market$2,055

vs market-$95

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

1 BR- 53 ZIPs

0.98-1.02ratio range

Median FMR$1,880

Median Market$1,870

vs market+$10

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

1 BR- 47 ZIPs

1.02-1.06ratio range

Median FMR$1,860

Median Market$1,810

vs market+$50

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

1 BR- 27 ZIPs

1.06-1.09ratio range

Median FMR$2,103

Median Market$1,960

vs market+$143

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

1 BR- 21 ZIPs

1.10-1.15ratio range

Median FMR$2,103

Median Market$1,880

vs market+$223

FMR is above market; underwrite to market rent.

1 BR- 17 ZIPs

1.16-1.20ratio range

Median FMR$2,300

Median Market$1,960

vs market+$340

FMR is above market; underwrite to market rent.

1 BR- 13 ZIPs

1.21-1.25ratio range

Median FMR$2,103

Median Market$1,730

vs market+$373

FMR is above market; underwrite to market rent.

1 BR- 7 ZIPs

1.25-1.30ratio range

Median FMR$2,490

Median Market$1,940

vs market+$550

FMR is above market; underwrite to market rent.

1 BR- 6 ZIPs

1.32-1.34ratio range

Median FMR$2,515

Median Market$1,890

vs market+$625

FMR is above market; underwrite to market rent.

1 BR- 9 ZIPs

1.36-1.51ratio range

Median FMR$2,340

Median Market$1,700

vs market+$640

FMR is above market; underwrite to market rent.

0.35-1.51

2 BR

2 BR- 29 ZIPs

0.23-0.64ratio range

Median FMR$2,233

Median Market$3,760

vs market-$1,527

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

2 BR- 24 ZIPs

0.64-0.69ratio range

Median FMR$2,233

Median Market$3,305

vs market-$1,072

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

2 BR- 44 ZIPs

0.69-0.73ratio range

Median FMR$2,233

Median Market$3,110

vs market-$877

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

2 BR- 49 ZIPs

0.73-0.77ratio range

Median FMR$2,233

Median Market$3,050

vs market-$817

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

2 BR- 79 ZIPs

0.77-0.81ratio range

Median FMR$2,233

Median Market$2,820

vs market-$587

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

2 BR- 78 ZIPs

0.81-0.86ratio range

Median FMR$2,233

Median Market$2,680

vs market-$447

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

2 BR- 69 ZIPs

0.86-0.90ratio range

Median FMR$2,233

Median Market$2,570

vs market-$337

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

2 BR- 71 ZIPs

0.90-0.94ratio range

Median FMR$2,233

Median Market$2,440

vs market-$207

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

2 BR- 58 ZIPs

0.94-0.98ratio range

Median FMR$2,238

Median Market$2,340

vs market-$103

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

2 BR- 44 ZIPs

0.98-1.02ratio range

Median FMR$2,290

Median Market$2,305

vs market-$15

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

2 BR- 38 ZIPs

1.02-1.06ratio range

Median FMR$2,623

Median Market$2,490

vs market+$133

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

2 BR- 21 ZIPs

1.06-1.10ratio range

Median FMR$2,623

Median Market$2,400

vs market+$223

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

2 BR- 22 ZIPs

1.11-1.15ratio range

Median FMR$2,623

Median Market$2,355

vs market+$268

FMR is above market; underwrite to market rent.

2 BR- 8 ZIPs

1.16-1.20ratio range

Median FMR$2,238

Median Market$1,920

vs market+$318

FMR is above market; underwrite to market rent.

2 BR- 3 ZIPs

1.20-1.23ratio range

Median FMR$2,790

Median Market$2,270

vs market+$520

FMR is above market; underwrite to market rent.

2 BR- 3 ZIPs

1.25-1.30ratio range

Median FMR$2,790

Median Market$2,230

vs market+$560

FMR is above market; underwrite to market rent.

2 BR- 4 ZIPs

1.30-1.33ratio range

Median FMR$2,201

Median Market$1,670

vs market+$531

FMR is above market; underwrite to market rent.

2 BR- 5 ZIPs

1.37-1.61ratio range

Median FMR$2,900

Median Market$2,110

vs market+$790

FMR is above market; underwrite to market rent.

0.23-1.61

3 BR

3 BR- 27 ZIPs

0.18-0.64ratio range

Median FMR$2,741

Median Market$4,460

vs market-$1,719

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

3 BR- 22 ZIPs

0.64-0.68ratio range

Median FMR$2,785

Median Market$4,265

vs market-$1,480

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

3 BR- 39 ZIPs

0.69-0.73ratio range

Median FMR$2,785

Median Market$3,970

vs market-$1,185

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

3 BR- 65 ZIPs

0.73-0.77ratio range

Median FMR$2,710

Median Market$3,610

vs market-$900

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

3 BR- 69 ZIPs

0.77-0.81ratio range

Median FMR$2,785

Median Market$3,500

vs market-$715

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

3 BR- 67 ZIPs

0.82-0.86ratio range

Median FMR$2,785

Median Market$3,360

vs market-$575

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

3 BR- 54 ZIPs

0.86-0.90ratio range

Median FMR$2,785

Median Market$3,155

vs market-$370

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

3 BR- 59 ZIPs

0.90-0.94ratio range

Median FMR$2,890

Median Market$3,170

vs market-$280

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

3 BR- 79 ZIPs

0.94-0.98ratio range

Median FMR$2,980

Median Market$3,080

vs market-$100

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

3 BR- 47 ZIPs

0.98-1.02ratio range

Median FMR$2,785

Median Market$2,770

vs market+$15

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

3 BR- 28 ZIPs

1.02-1.06ratio range

Median FMR$2,718

Median Market$2,610

vs market+$108

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

3 BR- 23 ZIPs

1.06-1.10ratio range

Median FMR$3,125

Median Market$2,880

vs market+$245

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

3 BR- 23 ZIPs

1.10-1.15ratio range

Median FMR$2,785

Median Market$2,510

vs market+$275

FMR is above market; underwrite to market rent.

3 BR- 24 ZIPs

1.15-1.20ratio range

Median FMR$3,005

Median Market$2,555

vs market+$450

FMR is above market; underwrite to market rent.

3 BR- 8 ZIPs

1.20-1.25ratio range

Median FMR$2,785

Median Market$2,300

vs market+$485

FMR is above market; underwrite to market rent.

3 BR- 7 ZIPs

1.26-1.30ratio range

Median FMR$3,125

Median Market$2,490

vs market+$635

FMR is above market; underwrite to market rent.

3 BR- 3 ZIPs

1.30-1.34ratio range

Median FMR$3,125

Median Market$2,340

vs market+$785

FMR is above market; underwrite to market rent.

3 BR- 6 ZIPs

1.35-1.66ratio range

Median FMR$3,115

Median Market$2,210

vs market+$905

FMR is above market; underwrite to market rent.

0.18-1.66

4 BR

4 BR- 56 ZIPs

0.23-0.64ratio range

Median FMR$3,188

Median Market$5,380

vs market-$2,192

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

4 BR- 29 ZIPs

0.64-0.69ratio range

Median FMR$3,188

Median Market$4,720

vs market-$1,532

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

4 BR- 51 ZIPs

0.69-0.73ratio range

Median FMR$3,188

Median Market$4,610

vs market-$1,422

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

4 BR- 46 ZIPs

0.73-0.77ratio range

Median FMR$3,188

Median Market$4,185

vs market-$997

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

4 BR- 70 ZIPs

0.77-0.81ratio range

Median FMR$3,188

Median Market$3,990

vs market-$802

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

4 BR- 66 ZIPs

0.82-0.86ratio range

Median FMR$3,188

Median Market$3,770

vs market-$582

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

4 BR- 64 ZIPs

0.86-0.90ratio range

Median FMR$3,455

Median Market$3,920

vs market-$465

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

4 BR- 42 ZIPs

0.90-0.94ratio range

Median FMR$3,508

Median Market$3,755

vs market-$247

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

4 BR- 45 ZIPs

0.94-0.98ratio range

Median FMR$3,508

Median Market$3,590

vs market-$82

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

4 BR- 32 ZIPs

0.98-1.02ratio range

Median FMR$3,188

Median Market$3,235

vs market-$47

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

4 BR- 33 ZIPs

1.02-1.06ratio range

Median FMR$3,188

Median Market$3,090

vs market+$98

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

4 BR- 27 ZIPs

1.06-1.10ratio range

Median FMR$3,508

Median Market$3,290

vs market+$218

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

4 BR- 28 ZIPs

1.10-1.15ratio range

Median FMR$3,188

Median Market$2,840

vs market+$348

FMR is above market; underwrite to market rent.

4 BR- 18 ZIPs

1.15-1.20ratio range

Median FMR$3,071

Median Market$2,620

vs market+$451

FMR is above market; underwrite to market rent.

4 BR- 10 ZIPs

1.21-1.25ratio range

Median FMR$3,188

Median Market$2,620

vs market+$568

FMR is above market; underwrite to market rent.

4 BR- 15 ZIPs

1.26-1.30ratio range

Median FMR$3,210

Median Market$2,540

vs market+$670

FMR is above market; underwrite to market rent.

4 BR- 9 ZIPs

1.30-1.34ratio range

Median FMR$3,508

Median Market$2,670

vs market+$838

FMR is above market; underwrite to market rent.

4 BR- 8 ZIPs

1.35-1.50ratio range

Median FMR$3,789

Median Market$2,695

vs market+$1,094

FMR is above market; underwrite to market rent.

0.23-1.50

0.700.800.901.001.101.201.30aligned range

Bedroom curve

Rankings

Market Explorer

Counties, cities, and ZIPs in New Jersey.

Browse rankings

Trends

Market trends

HUD rent changes, rent against home values, and where it cash-flows.

View insights

New Jersey fair market rent by county, FY 2027

HUD's FY 2027 fair market rents cover 21 counties in New Jersey. The median county two-bedroom FMR is $2,233. That is up 1.3% from $2,205 in FY 2026. Two-bedroom FMRs run from $1,704 in Cumberland County to $2,792 in Hudson County. 11 HUD metropolitan FMR areas cover all 21 counties; each county in the same metro area shares one FMR. 337 ZIP codes in 9 metro areas must use Small Area FMRs, so voucher payment standards there are set by ZIP code.

Two-bedroom FMR by county

FY 2027 two-bedroom fair market rent by county in New Jersey
County	2BR	Change	HUD FMR area
Hudson County	$2,792	+1.0%	Jersey City, NJ HUD Metro FMR Area
Hunterdon County	$2,623	+5.5%	Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area
Middlesex County	$2,623	+5.5%	Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area
Somerset County	$2,623	+5.5%	Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area
Monmouth County	$2,283	−1.9%	Monmouth-Ocean, NJ HUD Metro FMR Area
Ocean County	$2,283	−1.9%	Monmouth-Ocean, NJ HUD Metro FMR Area
Bergen County	$2,282	−1.8%	Bergen-Passaic, NJ HUD Metro FMR Area
Passaic County	$2,282	−1.8%	Bergen-Passaic, NJ HUD Metro FMR Area
Mercer County	$2,242	+15.0%	Trenton-Princeton, NJ MSA
Essex County	$2,233	+1.3%	Newark, NJ HUD Metro FMR Area
Morris County	$2,233	+1.3%	Newark, NJ HUD Metro FMR Area
Sussex County	$2,233	+1.3%	Newark, NJ HUD Metro FMR Area
Union County	$2,233	+1.3%	Newark, NJ HUD Metro FMR Area
Warren County	$2,021	+6.6%	Warren County, NJ HUD Metro FMR Area
Atlantic County	$1,899	+1.7%	Atlantic City-Hammonton, NJ HUD Metro FMR Area
Burlington County	$1,860	+2.8%	Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
Camden County	$1,860	+2.8%	Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
Gloucester County	$1,860	+2.8%	Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
Salem County	$1,860	+2.8%	Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
Cape May County	$1,857	+3.6%	Cape May County, NJ HUD Metro FMR Area
Cumberland County	$1,704	+1.9%	Vineland, NJ MSA

HUD metro FMR areas

FY 2027 two-bedroom fair market rent by HUD metro area in New Jersey
Metro area	Counties	2BR
Jersey City, NJ HUD Metro FMR Area	1	$2,792
Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area	3	$2,623
Monmouth-Ocean, NJ HUD Metro FMR Area	2	$2,283
Bergen-Passaic, NJ HUD Metro FMR Area	2	$2,282
Trenton-Princeton, NJ MSA	1	$2,242
Newark, NJ HUD Metro FMR Area	4	$2,233
Warren County, NJ HUD Metro FMR Area	1	$2,021
Atlantic City-Hammonton, NJ HUD Metro FMR Area	1	$1,899
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA	4	$1,860
Cape May County, NJ HUD Metro FMR Area	1	$1,857
Vineland, NJ MSA	1	$1,704

Questions about New Jersey rents

What is the fair market rent in New Jersey?

HUD sets fair market rents by metro area and county, not statewide. For FY 2027 the median county two-bedroom FMR in New Jersey is $2,233. Look up the county or ZIP code to see the value that applies to a specific property.

Which New Jersey counties have the highest fair market rent?

For FY 2027, the highest two-bedroom FMRs are in Hudson County ($2,792), Hunterdon County ($2,623), Middlesex County ($2,623).

Does New Jersey use Small Area Fair Market Rents?

Yes, in part. HUD requires Small Area FMRs in 337 ZIP codes across 9 metro areas, led by the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA; Bergen-Passaic, NJ HUD Metro FMR Area; Monmouth-Ocean, NJ HUD Metro FMR Area. Elsewhere, housing authorities use the metro or county FMR unless they choose to adopt Small Area FMRs.

Source: HUD FY 2027 Fair Market Rents. Change compares each county's two-bedroom FMR with FY 2026.

New Jersey counties New Jersey cities New Jersey ZIP codes What is FMR?

Data source: U.S. Department of Housing and Urban Development (HUD)

Fiscal Year 2027

New Jersey (NJ)

Market Alignment

Bedroom curve

Market Explorer

Market trends

Counties

County map

New Jersey fair market rent by county, FY 2027

Two-bedroom FMR by county

HUD metro FMR areas

Questions about New Jersey rents

What is the fair market rent in New Jersey?

Which New Jersey counties have the highest fair market rent?

Does New Jersey use Small Area Fair Market Rents?