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Warren County/Broadway/08808

08808

ZIPFMR
Warren County, NJ
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,614$1,740
1 BR$1,624$1,730
2 BR$2,021$2,040
3 BR$2,478$2,410
4 BR$2,937$3,060
5 BR$3,378Not available
6 BR$3,884Not available
7 BR$4,467Not available
8 BR$5,137Not available

Purchase Price Calculator

Maximum purchase price
$241,227

Cost breakdown

+Likely effective rent$2,040
HUD FMR$2,021
Market rent$2,050
Est. payment standard (101%)Used$2,040
-Principal and interest-$1,220
Loan amount$192,981
Down payment$48,245
Rate6.50%
Term30 years
-Operating costs-$620
Property taxes-$241
Insurance-$175
Utilities$0
HOA$0
Management-$204
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,662(67.7% ROI)
Projected value
$259,775
Return breakdown
Property appreciation+$18,548
Loan principal paid down+$6,914
Rental cash flow+$7,200
5-year hold
+$56,029(116.1% ROI)
Projected value
$272,926
Return breakdown
Property appreciation+$31,699
Loan principal paid down+$12,330
Rental cash flow+$12,000
10-year hold
+$120,943(250.7% ROI)
Projected value
$308,791
Return breakdown
Property appreciation+$67,564
Loan principal paid down+$29,379
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.89
1 BR
0.91
2 BR
0.99
3 BR
1.03
4 BR
0.94
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 08808 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 08808 (Broadway, NJ) is $2,021 a month. That is up 6.6% from $1,895 in FY 2026. Broadway is in the Warren County, NJ HUD Metro FMR Area. The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08808 is 9% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08808
BedroomsFY 2027Change90–110% range
Studio$1,614+6.4%$1,453–$1,775
1BR$1,624+6.4%$1,462–$1,786
2BR$2,021+6.6%$1,819–$2,223
3BR$2,478+3.1%$2,230–$2,726
4BR$2,937+4.9%$2,643–$3,231

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08808
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,614$1,624$2,021$2,478$2,937
FY 2026$1,517$1,527$1,895$2,404$2,800
FY 2025SAFMR$1,390$1,400$1,690$2,160$2,530
FY 2024SAFMR$1,170$1,280$1,540$1,950$2,280
FY 2023SAFMR$1,140$1,270$1,530$1,890$2,180

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Questions about ZIP 08808 rents

How much will Section 8 pay for a two-bedroom in ZIP 08808?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,021, that basic range is $1,819 to $2,223 a month. 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 08808 in?

ZIP 08808 is in the Warren County, NJ HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.

How much did fair market rent change in ZIP 08808 for FY 2027?

The two-bedroom FMR rose 6.6%, from $1,895 in FY 2026 to $2,021 in FY 2027.

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 Fair Market Rents. 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 rentBroadway, NJ fair market rentNJ statewide rentsWhat is SAFMR?Data sources