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Middlesex County/Edison/08817

08817

ZIPSAFMR
Middlesex County, NJ
Zillow

ZIP Investment Score

53Below average

095130300
BRFMR
Eff. Rent
0 BR$2,080$2,290
1 BR$2,240$2,190
2 BR$2,790$2,820
3 BR$3,320$3,140
4 BR$3,730$3,890
5 BR$4,290Not available
6 BR$4,933Not available
7 BR$5,673Not available
8 BR$6,524Not available

Purchase Price Calculator

Maximum purchase price
$357,134

Cost breakdown

+Likely effective rent$2,820
HUD FMR$2,790
Market rent$2,840
Est. payment standard (101%)Used$2,820
-Principal and interest-$1,806
Loan amount$285,707
Down payment$71,427
Rate6.50%
Term30 years
-Operating costs-$814
Property taxes-$357
Insurance-$175
Utilities$0
HOA$0
Management-$282
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$44,896(62.9% ROI)
Projected value
$384,595
Return breakdown
Property appreciation+$27,460
Loan principal paid down+$10,236
Rental cash flow+$7,200
5-year hold
+$77,184(108.1% ROI)
Projected value
$404,065
Return breakdown
Property appreciation+$46,930
Loan principal paid down+$18,254
Rental cash flow+$12,000
10-year hold
+$167,524(234.5% ROI)
Projected value
$457,162
Return breakdown
Property appreciation+$100,028
Loan principal paid down+$43,496
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.78
1 BR
1.02
2 BR
0.98
3 BR
1.06
4 BR
0.94
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08817 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08817 (Edison, NJ) is $2,790 a month. That is up 9.0% from $2,560 in FY 2026. Edison 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 56 ZIP codes in Middlesex County, 08817 has the 17th-highest two-bedroom rent (county range $2,150–$3,330). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08817 is 25% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08817
BedroomsFY 2027Change90–110% range
Studio$2,080+11.8%$1,872–$2,288
1BR$2,240+9.8%$2,016–$2,464
2BR$2,790+9.0%$2,511–$3,069
3BR$3,320+8.1%$2,988–$3,652
4BR$3,730+10.0%$3,357–$4,103

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08817
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,080$2,240$2,790$3,320$3,730
FY 2026$1,860$2,040$2,560$3,070$3,390
FY 2025$1,520$1,710$2,150$2,590$2,850
FY 2024$1,610$1,810$2,280$2,760$3,040
FY 2023$1,370$1,560$1,970$2,400$2,650

Two-bedroom rent in nearby Middlesex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08817
08805$2,600−6.8%
08810$2,870+2.9%
08812$2,550−8.6%
08816$2,920+4.7%
08817Current$2,790—
08818$2,600−6.8%
08820$2,870+2.9%
08823$3,180+14.0%
08824$2,980+6.8%
08828$2,850+2.2%
08830$2,890+3.6%
08831$2,600−6.8%

Questions about ZIP 08817 rents

How much will Section 8 pay for a two-bedroom in ZIP 08817?

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 $2,790 it would be $2,511 to $3,069. 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 08817 in?

ZIP 08817 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 08817 for FY 2027?

The two-bedroom FMR rose 9.0%, from $2,560 in FY 2026 to $2,790 in FY 2027. Since FY 2023 it has risen 41.6%.

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