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Mercer County/Trenton/08618

08618

ZIPSAFMR
Mercer County, NJ
Zillow

ZIP Investment Score

123Above average

095130300
BRFMR
Eff. Rent
0 BR$1,220$1,280
1 BR$1,400$1,460
2 BR$1,760$1,940
3 BR$2,140$2,350
4 BR$2,410$2,560
5 BR$2,772Not available
6 BR$3,187Not available
7 BR$3,665Not available
8 BR$4,215Not available

Purchase Price Calculator

Maximum purchase price
$226,367

Cost breakdown

+Likely effective rent$1,940
HUD FMR$1,760
Market rent$2,050
Est. payment standard (110%)Used$1,940
-Principal and interest-$1,145
Loan amount$181,093
Down payment$45,273
Rate6.50%
Term30 years
-Operating costs-$595
Property taxes-$226
Insurance-$175
Utilities$0
HOA$0
Management-$194
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,094(68.7% ROI)
Projected value
$243,772
Return breakdown
Property appreciation+$17,405
Loan principal paid down+$6,488
Rental cash flow+$7,200
5-year hold
+$53,317(117.8% ROI)
Projected value
$256,113
Return breakdown
Property appreciation+$29,746
Loan principal paid down+$11,570
Rental cash flow+$12,000
10-year hold
+$114,971(253.9% ROI)
Projected value
$289,769
Return breakdown
Property appreciation+$63,402
Loan principal paid down+$27,569
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.93
1 BR
0.94
2 BR
0.86
3 BR
0.83
4 BR
0.91
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08618 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08618 (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, 08618 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 08618 is 21% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08618
BedroomsFY 2027Change90–110% range
Studio$1,220−3.2%$1,098–$1,342
1BR$1,400−3.4%$1,260–$1,540
2BR$1,760−3.8%$1,584–$1,936
3BR$2,140−2.7%$1,926–$2,354
4BR$2,410−2.8%$2,169–$2,651

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08618
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,220$1,400$1,760$2,140$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$1,130$1,300$1,670$2,020$2,220
FY 2023$970$1,110$1,460$1,800$1,970

Two-bedroom rent in nearby Mercer County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08618
08605$2,240+27.3%
08606$2,240+27.3%
08607$2,240+27.3%
08608$1,7600.0%
08609$1,830+4.0%
08610$2,090+18.8%
08611$2,030+15.3%
08618Current$1,760—
08619$2,370+34.7%
08620$2,070+17.6%
08628$2,310+31.3%
08629$1,820+3.4%

Questions about ZIP 08618 rents

How much will Section 8 pay for a two-bedroom in ZIP 08618?

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 08618 in?

ZIP 08618 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 08618 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

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