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Mercer County/Trenton/08628

08628

ZIPSAFMR
Mercer County, NJ
Zillow

ZIP Investment Score

83Below average

095130300
BRFMR
Eff. Rent
0 BR$1,610$1,460
1 BR$1,820$1,590
2 BR$2,310$2,320
3 BR$2,820$2,830
4 BR$3,170$3,090
5 BR$3,645Not available
6 BR$4,192Not available
7 BR$4,821Not available
8 BR$5,544Not available

Purchase Price Calculator

Maximum purchase price
$282,835

Cost breakdown

+Likely effective rent$2,320
HUD FMR$2,310
Market rent$2,320
Est. payment standard (100%)Used$2,320
-Principal and interest-$1,430
Loan amount$226,268
Down payment$56,567
Rate6.50%
Term30 years
-Operating costs-$690
Property taxes-$283
Insurance-$175
Utilities$0
HOA$0
Management-$232
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,054(65.5% ROI)
Projected value
$304,582
Return breakdown
Property appreciation+$21,747
Loan principal paid down+$8,107
Rental cash flow+$7,200
5-year hold
+$63,623(112.5% ROI)
Projected value
$320,001
Return breakdown
Property appreciation+$37,167
Loan principal paid down+$14,456
Rental cash flow+$12,000
10-year hold
+$137,664(243.4% ROI)
Projected value
$362,052
Return breakdown
Property appreciation+$79,218
Loan principal paid down+$34,447
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.10
1 BR
1.14
2 BR
1.00
3 BR
1.00
4 BR
1.03
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08628 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08628 (Trenton, NJ) is $2,310 a month. That is up 18.5% from $1,950 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, 08628 has the 16th-highest two-bedroom rent (county range $1,760–$3,360). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08628 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08628
BedroomsFY 2027Change90–110% range
Studio$1,610+20.1%$1,449–$1,771
1BR$1,820+17.4%$1,638–$2,002
2BR$2,310+18.5%$2,079–$2,541
3BR$2,820+20.5%$2,538–$3,102
4BR$3,170+18.7%$2,853–$3,487

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08628
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,610$1,820$2,310$2,820$3,170
FY 2026$1,340$1,550$1,950$2,340$2,670
FY 2025$1,390$1,600$2,020$2,430$2,740
FY 2024$1,390$1,590$2,050$2,480$2,730
FY 2023$1,200$1,370$1,790$2,180$2,400

Two-bedroom rent in nearby Mercer County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08628
08607$2,240−3.0%
08608$1,760−23.8%
08609$1,830−20.8%
08610$2,090−9.5%
08611$2,030−12.1%
08618$1,760−23.8%
08619$2,370+2.6%
08620$2,070−10.4%
08628Current$2,310—
08629$1,820−21.2%
08638$2,250−2.6%
08648$2,790+20.8%

Questions about ZIP 08628 rents

How much will Section 8 pay for a two-bedroom in ZIP 08628?

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 $2,310 it would be $2,079 to $2,541. 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 08628 in?

ZIP 08628 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 08628 for FY 2027?

The two-bedroom FMR rose 18.5%, from $1,950 in FY 2026 to $2,310 in FY 2027. Since FY 2023 it has risen 29.1%.

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