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Mercer County/Hopewell/08525

08525

ZIPSAFMR
Mercer County, NJ
Zillow

ZIP Investment Score

54Below average

095130300
BRFMR
Eff. Rent
0 BR$1,720$1,890
1 BR$1,930$2,120
2 BR$2,450$2,520
3 BR$2,980$3,280
4 BR$3,350$3,690
5 BR$3,852Not available
6 BR$4,430Not available
7 BR$5,095Not available
8 BR$5,859Not available

Purchase Price Calculator

Maximum purchase price
$312,554

Cost breakdown

+Likely effective rent$2,520
HUD FMR$2,450
Market rent$2,550
Est. payment standard (103%)Used$2,520
-Principal and interest-$1,580
Loan amount$250,044
Down payment$62,511
Rate6.50%
Term30 years
-Operating costs-$740
Property taxes-$313
Insurance-$175
Utilities$0
HOA$0
Management-$252
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,191(64.3% ROI)
Projected value
$336,587
Return breakdown
Property appreciation+$24,033
Loan principal paid down+$8,958
Rental cash flow+$7,200
5-year hold
+$69,048(110.5% ROI)
Projected value
$353,627
Return breakdown
Property appreciation+$41,072
Loan principal paid down+$15,975
Rental cash flow+$12,000
10-year hold
+$149,608(239.3% ROI)
Projected value
$400,096
Return breakdown
Property appreciation+$87,542
Loan principal paid down+$38,066
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.74
1 BR
0.76
2 BR
0.96
3 BR
0.77
4 BR
0.64
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08525 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08525 (Hopewell, NJ) is $2,450 a month. That is up 7.0% from $2,290 in FY 2026. Hopewell is in the Trenton-Princeton, NJ MSA. 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 $2,242. Among 36 ZIP codes in Mercer County, 08525 has the 13th-highest two-bedroom rent (county range $1,760–$3,360). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08525 is 10% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08525
BedroomsFY 2027Change90–110% range
Studio$1,720+8.2%$1,548–$1,892
1BR$1,930+6.0%$1,737–$2,123
2BR$2,450+7.0%$2,205–$2,695
3BR$2,980+8.4%$2,682–$3,278
4BR$3,350+7.4%$3,015–$3,685

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08525
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,720$1,930$2,450$2,980$3,350
FY 2026$1,590$1,820$2,290$2,750$3,120
FY 2025$1,670$1,920$2,430$2,930$3,280
FY 2024$1,660$1,890$2,430$2,940$3,240
FY 2023$1,410$1,610$2,100$2,560$2,820

Two-bedroom rent in nearby Mercer County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08525
08501$1,940−20.8%
08512$2,250−8.2%
08515$2,790+13.9%
08520$2,240−8.6%
08525Current$2,450—
08530$2,590+5.7%
08534$2,790+13.9%
08540$2,890+18.0%
08542$3,360+37.1%
08543$2,240−8.6%
08544$3,000+22.4%
08550$3,360+37.1%

Questions about ZIP 08525 rents

How much will Section 8 pay for a two-bedroom in ZIP 08525?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,242, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,018 to $2,466 a month; under the ZIP-level Small Area FMR of $2,450 it would be $2,205 to $2,695. 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 08525 in?

ZIP 08525 is in the Trenton-Princeton, NJ MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,242.

How much did fair market rent change in ZIP 08525 for FY 2027?

The two-bedroom FMR rose 7.0%, from $2,290 in FY 2026 to $2,450 in FY 2027. Since FY 2023 it has risen 16.7%.

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

County fair market rentHopewell, NJ fair market rentNJ statewide rentsWhat is SAFMR?Data sources