FMR is near market; voucher and private rents are aligned.
0.99
2 BR
2 BR
0.80ratio
FMR$4,190
Market$5,230
vs market-$1,040
FMR is below market; voucher rent may lag private rents.
0.80
3 BR
3 BR
0.79ratio
FMR$5,090
Market$6,430
vs market-$1,340
FMR is below market; voucher rent may lag private rents.
0.79
4 BR
4 BR
1.10ratio
FMR$5,970
Market$5,450
vs market+$520
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 07311 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07311 (Jersey City, NJ) is $4,190 a month. That is up 1.2% from $4,140 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, 07311 is tied for the highest two-bedroom rent (county range $2,190–$4,190). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07311 is 88% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 07311
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$3,610
$3,690
+2.2%
$3,321–$4,059
1BR
$3,680
$3,770
+2.4%
$3,393–$4,147
2BR
$4,140
$4,190
+1.2%
$3,771–$4,609
3BR
$5,050
$5,090
+0.8%
$4,581–$5,599
4BR
$5,930
$5,970
+0.7%
$5,373–$6,567
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 07311
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$3,690
$3,770
$4,190
$5,090
$5,970
FY 2026
$3,610
$3,680
$4,140
$5,050
$5,930
FY 2025
$3,000
$3,040
$3,450
$4,240
$4,830
FY 2024
$2,990
$3,040
$3,450
$4,290
$4,780
FY 2023
$2,650
$2,730
$3,130
$3,860
$4,200
Two-bedroom rent in nearby Hudson County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 07311?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $4,190, that basic range is $3,771 to $4,609 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 07311 in?
ZIP 07311 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 07311 for FY 2027?
The two-bedroom FMR rose 1.2%, from $4,140 in FY 2026 to $4,190 in FY 2027. Since FY 2023 it has risen 33.9%.
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