Skip to main content
Loading page
Somerset County/Dunellen/08812

08812

ZIPSAFMR
Somerset County, NJ
Zillow

ZIP Investment Score

57Below average

095130300
BRFMR
Eff. Rent
0 BR$1,900$2,090
1 BR$2,040$2,140
2 BR$2,550$2,780
3 BR$3,040$3,270
4 BR$3,410$3,640
5 BR$3,921Not available
6 BR$4,510Not available
7 BR$5,186Not available
8 BR$5,964Not available

Purchase Price Calculator

Maximum purchase price
$351,190

Cost breakdown

+Likely effective rent$2,780
HUD FMR$2,550
Market rent$2,910
Est. payment standard (109%)Used$2,780
-Principal and interest-$1,776
Loan amount$280,952
Down payment$70,238
Rate6.50%
Term30 years
-Operating costs-$804
Property taxes-$351
Insurance-$175
Utilities$0
HOA$0
Management-$278
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$44,269(63.0% ROI)
Projected value
$378,194
Return breakdown
Property appreciation+$27,003
Loan principal paid down+$10,066
Rental cash flow+$7,200
5-year hold
+$76,099(108.3% ROI)
Projected value
$397,340
Return breakdown
Property appreciation+$46,149
Loan principal paid down+$17,950
Rental cash flow+$12,000
10-year hold
+$165,135(235.1% ROI)
Projected value
$449,553
Return breakdown
Property appreciation+$98,363
Loan principal paid down+$42,772
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.67
1 BR
0.93
2 BR
0.88
3 BR
0.89
4 BR
0.90
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08812 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08812 (Dunellen, NJ) is $2,550 a month. That is up 2.8% from $2,480 in FY 2026. Dunellen is in the Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area. 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 $2,623. Among 41 ZIP codes in Somerset County, 08812 is tied for the 31st-highest two-bedroom rent (county range $2,290–$3,400). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08812 is 14% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08812
BedroomsFY 2027Change90–110% range
Studio$1,900+5.6%$1,710–$2,090
1BR$2,040+3.6%$1,836–$2,244
2BR$2,550+2.8%$2,295–$2,805
3BR$3,040+2.4%$2,736–$3,344
4BR$3,410+3.6%$3,069–$3,751

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08812
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,900$2,040$2,550$3,040$3,410
FY 2026$1,800$1,970$2,480$2,970$3,290
FY 2025$1,540$1,730$2,170$2,620$2,880
FY 2024$1,640$1,840$2,320$2,810$3,090
FY 2023$1,310$1,490$1,880$2,290$2,530

Two-bedroom rent in nearby Somerset County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08812
08805$2,600+2.0%
08807$2,930+14.9%
08812Current$2,550—
08821$3,080+20.8%
08822$2,290−10.2%
08823$3,180+24.7%
08824$2,980+16.9%
08835$2,540−0.4%
08836$2,910+14.1%
08844$3,080+20.8%
08853$2,770+8.6%
08869$2,740+7.5%

Questions about ZIP 08812 rents

How much will Section 8 pay for a two-bedroom in ZIP 08812?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,623, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,361 to $2,885 a month; under the ZIP-level Small Area FMR of $2,550 it would be $2,295 to $2,805. 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 08812 in?

ZIP 08812 is in the Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,623.

How much did fair market rent change in ZIP 08812 for FY 2027?

The two-bedroom FMR rose 2.8%, from $2,480 in FY 2026 to $2,550 in FY 2027. Since FY 2023 it has risen 35.6%.

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