FMR is below market; voucher rent may lag private rents.
0.75
1 BR
1 BR
0.76ratio
FMR$1,620
Market$2,130
vs market-$510
FMR is below market; voucher rent may lag private rents.
0.76
2 BR
2 BR
0.80ratio
FMR$2,020
Market$2,520
vs market-$500
FMR is below market; voucher rent may lag private rents.
0.80
3 BR
3 BR
0.86ratio
FMR$2,480
Market$2,880
vs market-$400
FMR is below market; voucher rent may lag private rents.
0.86
4 BR
4 BR
1.00ratio
FMR$2,940
Market$2,940
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
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
--
ZIP 07820 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07820 (Allamuchy, NJ) is $2,020 a month. That is up 6.3% from $1,900 in FY 2026. Allamuchy is in the Warren County, 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 $2,021. Among 23 ZIP codes in Warren County, 07820 has the 19th-highest two-bedroom rent (county range $1,710–$2,780). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07820 is 10% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 07820
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,520
$1,610
+5.9%
$1,449–$1,771
1BR
$1,540
$1,620
+5.2%
$1,458–$1,782
2BR
$1,900
$2,020
+6.3%
$1,818–$2,222
3BR
$2,410
$2,480
+2.9%
$2,232–$2,728
4BR
$2,810
$2,940
+4.6%
$2,646–$3,234
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 07820
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,610
$1,620
$2,020
$2,480
$2,940
FY 2026
$1,520
$1,540
$1,900
$2,410
$2,810
FY 2025
$1,580
$1,710
$2,070
$2,620
$3,020
FY 2024
$1,390
$1,570
$1,900
$2,400
$2,780
FY 2023
$1,150
$1,270
$1,530
$1,900
$2,190
Two-bedroom rent in nearby Warren County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 07820?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,021, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,819 to $2,223 a month; under the ZIP-level Small Area FMR of $2,020 it would be $1,818 to $2,222. 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 07820 in?
ZIP 07820 is in the Warren County, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,021.
How much did fair market rent change in ZIP 07820 for FY 2027?
The two-bedroom FMR rose 6.3%, from $1,900 in FY 2026 to $2,020 in FY 2027. Since FY 2023 it has risen 32.0%.
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