07856
ZIPFMR
Morris County, NJ
BRFMR
Eff. Rent
0 BR$1,612$1,612
1 BR$1,822$1,822
2 BR$2,205$2,205
3 BR$2,761$2,761
4 BR$3,137$3,137
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
0.96ratio
FMR$1,612
Market$1,680
vs market-$68

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

0.96
1 BR
1 BR
0.99ratio
FMR$1,822
Market$1,840
vs market-$18

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

0.99
2 BR
2 BR
0.89ratio
FMR$2,205
Market$2,480
vs market-$275

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.89
3 BR
3 BR
0.81ratio
FMR$2,761
Market$3,410
vs market-$649

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.81
4 BR
4 BR
0.81ratio
FMR$3,137
Market$3,850
vs market-$713

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.81
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller 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 07856 (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.