07107
ZIPFMR
Essex County, NJ
BRFMR
Eff. Rent
0 BR$1,612$1,360
1 BR$1,822$1,690
2 BR$2,205$2,120
3 BR$2,761$2,420
4 BR$3,137$2,560
5 BR$3,608
6 BR$4,149
7 BR$4,771
8 BR$5,487

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio
1.19ratio
FMR$1,612
Market$1,360
vs market+$252

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.19
1 BR
1 BR
1.08ratio
FMR$1,822
Market$1,690
vs market+$132

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1.08
2 BR
2 BR
1.04ratio
FMR$2,205
Market$2,120
vs market+$85

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1.04
3 BR
3 BR
1.14ratio
FMR$2,761
Market$2,420
vs market+$341

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.14
4 BR
4 BR
1.23ratio
FMR$3,137
Market$2,560
vs market+$577

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.23
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger unit sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$265,746
Rent
$2,205
Down payment
$53,149
Loan
$212,596
Mortgage
$1,344
Expenses
$661
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 07107 (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.