FMR is near market; voucher and private rents are aligned.
1.05
3 BR
3 BR
1.07ratio
FMR$3,390
Market$3,180
vs market+$210
FMR is near market; voucher and private rents are aligned.
1.07
4 BR
4 BR
1.10ratio
FMR$3,970
Market$3,610
vs market+$360
FMR is near market; voucher and private rents are aligned.
1.10
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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ZIP 07097 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07097 (Jersey City, NJ) is $2,790 a month. That is up 1.1% from $2,760 in FY 2026. Jersey City is in the Jersey City, NJ HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 21 ZIP codes in Hudson County, 07097 is tied for the 9th-highest two-bedroom rent (county range $2,190–$4,190). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07097 is 25% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 07097
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,400
$2,460
+2.5%
$2,214–$2,706
1BR
$2,460
$2,510
+2.0%
$2,259–$2,761
2BR
$2,760
$2,790
+1.1%
$2,511–$3,069
3BR
$3,360
$3,390
+0.9%
$3,051–$3,729
4BR
$3,950
$3,970
+0.5%
$3,573–$4,367
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 07097
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,460
$2,510
$2,790
$3,390
$3,970
FY 2026
$2,400
$2,460
$2,760
$3,360
$3,950
FY 2025
$2,000
$2,030
$2,300
$2,820
$3,220
FY 2024
$1,990
$2,030
$2,300
$2,860
$3,180
FY 2023
$1,770
$1,820
$2,090
$2,580
$2,810
Two-bedroom rent in nearby Hudson County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 07097?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,790, that basic range is $2,511 to $3,069 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 ZIP 07097 in?
ZIP 07097 is in the Jersey City, 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 ZIP 07097 for FY 2027?
The two-bedroom FMR rose 1.1%, from $2,760 in FY 2026 to $2,790 in FY 2027. Since FY 2023 it has risen 33.5%.
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