08690
ZIPFMR
Mercer County, NJ
BRFMR
Eff. Rent
0 BR$1,344$1,344
1 BR$1,545$1,545
2 BR$1,950$1,950
3 BR$2,338$2,338
4 BR$2,670$2,670
5 BR$3,070
6 BR$3,531
7 BR$4,061
8 BR$4,670

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio
0.65ratio
FMR$1,344
Market$2,060
vs market-$716

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.65
1 BR
1 BR
0.81ratio
FMR$1,545
Market$1,910
vs market-$365

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.81
2 BR
2 BR
0.77ratio
FMR$1,950
Market$2,520
vs market-$570

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.77
3 BR
3 BR
0.71ratio
FMR$2,338
Market$3,270
vs market-$932

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.71
4 BR
4 BR
0.73ratio
FMR$2,670
Market$3,670
vs market-$1,000

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.73
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for all bedroom sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$227,853
Rent
$1,950
Down payment
$45,571
Loan
$182,282
Mortgage
$1,152
Expenses
$598
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 08690 (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.