08540
ZIPFMR
Somerset County, NJ
BRFMR
Eff. Rent
0 BR$1,804$1,980
1 BR$1,978$2,180
2 BR$2,486$2,730
3 BR$2,981$3,280
4 BR$3,296$3,630
5 BR$3,790
6 BR$4,359
7 BR$5,013
8 BR$5,765

Purchase Price Calculator

Maximum purchase price
$343,760

Cost breakdown

+Likely effective rent$2,730
HUD FMR$2,486
Market rent$3,310
Est. payment standard (110%)Used$2,730
Estimated payment standard is $2,730 (110% of FMR).
-Principal and interest-$1,738
Loan amount$275,008
Down payment$68,752
Rate6.50%
Term30 years
-Operating costs-$792
Property taxes-$344
Insurance-$175
Utilities$0
HOA$0
Management-$273
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$43,485(63.2% ROI)
Projected value
$370,192
Current value$343,760
Return breakdown
Property appreciation+$26,432
Loan principal paid down+$9,853
Rental cash flow+$7,200
5-year hold
+$74,743(108.7% ROI)
Projected value
$388,933
Current value$343,760
Return breakdown
Property appreciation+$45,173
Loan principal paid down+$17,570
Rental cash flow+$12,000
10-year hold
+$162,149(235.8% ROI)
Projected value
$440,042
Current value$343,760
Return breakdown
Property appreciation+$96,282
Loan principal paid down+$41,867
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
0.73ratio
FMR$1,804
Market$2,480
vs market-$676

FMR is below market; voucher rent may lag private rents.

90% standard$1,624 / 0.65 ratio110% standard$1,984 / 0.80 ratio
0.73
1 BR
1 BR
0.68ratio
FMR$1,978
Market$2,890
vs market-$912

FMR is below market; voucher rent may lag private rents.

90% standard$1,780 / 0.62 ratio110% standard$2,176 / 0.75 ratio
0.68
2 BR
2 BR
0.75ratio
FMR$2,486
Market$3,310
vs market-$824

FMR is below market; voucher rent may lag private rents.

90% standard$2,237 / 0.68 ratio110% standard$2,735 / 0.83 ratio
0.75
3 BR
3 BR
0.62ratio
FMR$2,981
Market$4,790
vs market-$1,809

FMR is below market; voucher rent may lag private rents.

90% standard$2,683 / 0.56 ratio110% standard$3,279 / 0.68 ratio
0.62
4 BR
4 BR
0.53ratio
FMR$3,296
Market$6,190
vs market-$2,894

FMR is below market; voucher rent may lag private rents.

0.53
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for all bedroom sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 08540 (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.

08540 fair market rent and Section 8 rent limits

The FY 2026 HUD Fair Market Rent (FMR) page for 08540 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,486 and the 4 bedroom fair market rent is $3,296.

Use this page for searches like 08540 FMR, 08540 fair market rent, and 08540 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 08540
Bedroom sizeHUD FMR
Studio$1,804
1 bedroom$1,978
2 bedroom$2,486
3 bedroom$2,981
4 bedroom$3,296