FMR is below market; voucher rent may lag private rents.
0.74
1 BR
1 BR
0.93ratio
FMR$1,950
Market$2,100
vs market-$150
FMR is near market; voucher and private rents are aligned.
0.93
2 BR
2 BR
1.03ratio
FMR$2,430
Market$2,360
vs market+$70
FMR is near market; voucher and private rents are aligned.
1.03
3 BR
3 BR
1.11ratio
FMR$2,900
Market$2,620
vs market+$280
FMR is above market; underwrite to market rent.
1.11
4 BR
4 BR
1.20ratio
FMR$3,250
Market$2,710
vs market+$540
FMR is above market; underwrite to market rent.
1.20
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 08557 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08557 (Sergeantsville, NJ) is $2,430 a month. That is up 4.7% from $2,320 in FY 2026. Sergeantsville is in the Middlesex-Somerset-Hunterdon, 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 $2,623. Among 35 ZIP codes in Hunterdon County, 08557 is tied for the 17th-highest two-bedroom rent (county range $2,240–$3,170). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08557 is 9% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 08557
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,680
$1,810
+7.7%
$1,629–$1,991
1BR
$1,850
$1,950
+5.4%
$1,755–$2,145
2BR
$2,320
$2,430
+4.7%
$2,187–$2,673
3BR
$2,780
$2,900
+4.3%
$2,610–$3,190
4BR
$3,080
$3,250
+5.5%
$2,925–$3,575
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 08557
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,810
$1,950
$2,430
$2,900
$3,250
FY 2026
$1,680
$1,850
$2,320
$2,780
$3,080
FY 2025
$1,450
$1,630
$2,050
$2,490
$2,730
FY 2024
$1,520
$1,710
$2,150
$2,600
$2,860
FY 2023
$1,280
$1,450
$1,830
$2,230
$2,460
Two-bedroom rent in nearby Hunterdon County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 08557?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,623, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,361 to $2,885 a month; under the ZIP-level Small Area FMR of $2,430 it would be $2,187 to $2,673. 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 08557 in?
ZIP 08557 is in the Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,623.
How much did fair market rent change in ZIP 08557 for FY 2027?
The two-bedroom FMR rose 4.7%, from $2,320 in FY 2026 to $2,430 in FY 2027. Since FY 2023 it has risen 32.8%.
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