FMR is below market; voucher rent may lag private rents.
0.82
1 BR
1 BR
0.95ratio
FMR$1,400
Market$1,470
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.95
2 BR
2 BR
0.88ratio
FMR$1,760
Market$1,990
vs market-$230
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR
0.99ratio
FMR$2,110
Market$2,130
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
4 BR
4 BR
1.04ratio
FMR$2,410
Market$2,310
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.04
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
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ZIP 08608 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08608 (Trenton, NJ) is $1,760 a month. That is down 3.8% from $1,830 in FY 2026. Trenton 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, 08608 is tied for the 35th-highest two-bedroom rent (county range $1,760–$3,360). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08608 is 21% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 08608
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,260
$1,210
−4.0%
$1,089–$1,331
1BR
$1,450
$1,400
−3.4%
$1,260–$1,540
2BR
$1,830
$1,760
−3.8%
$1,584–$1,936
3BR
$2,200
$2,110
−4.1%
$1,899–$2,321
4BR
$2,480
$2,410
−2.8%
$2,169–$2,651
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 08608
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,210
$1,400
$1,760
$2,110
$2,410
FY 2026
$1,260
$1,450
$1,830
$2,200
$2,480
FY 2025
$1,220
$1,400
$1,800
$2,180
$2,400
FY 2024
$1,050
$1,190
$1,560
$1,900
$2,100
FY 2023
$970
$1,110
$1,460
$1,800
$1,970
Two-bedroom rent in nearby Mercer County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 08608?
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 $1,760 it would be $1,584 to $1,936. 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 08608 in?
ZIP 08608 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 08608 for FY 2027?
The two-bedroom FMR fell 3.8%, from $1,830 in FY 2026 to $1,760 in FY 2027. Since FY 2023 it has risen 20.5%.
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