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Middlesex County/Edison/08820

08820

ZIPSAFMR
Middlesex County, NJ
Zillow

ZIP Investment Score

49Below average

095130300
BRFMR
Eff. Rent
0 BR$2,140$2,350
1 BR$2,300$2,150
2 BR$2,870$2,880
3 BR$3,420$3,470
4 BR$3,840$4,010
5 BR$4,416Not available
6 BR$5,078Not available
7 BR$5,840Not available
8 BR$6,716Not available

Purchase Price Calculator

Maximum purchase price
$366,050

Cost breakdown

+Likely effective rent$2,880
HUD FMR$2,870
Market rent$2,890
Est. payment standard (100%)Used$2,880
-Principal and interest-$1,851
Loan amount$292,840
Down payment$73,210
Rate6.50%
Term30 years
-Operating costs-$829
Property taxes-$366
Insurance-$175
Utilities$0
HOA$0
Management-$288
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$45,838(62.6% ROI)
Projected value
$394,196
Return breakdown
Property appreciation+$28,146
Loan principal paid down+$10,492
Rental cash flow+$7,200
5-year hold
+$78,812(107.7% ROI)
Projected value
$414,152
Return breakdown
Property appreciation+$48,102
Loan principal paid down+$18,710
Rental cash flow+$12,000
10-year hold
+$171,107(233.7% ROI)
Projected value
$468,575
Return breakdown
Property appreciation+$102,525
Loan principal paid down+$44,582
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.61
1 BR
1.07
2 BR
0.99
3 BR
0.98
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 08820 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08820 (Edison, NJ) is $2,870 a month. That is up 5.9% from $2,710 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, 08820 is tied for the 12th-highest two-bedroom rent (county range $2,150–$3,330). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08820 is 29% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08820
BedroomsFY 2027Change90–110% range
Studio$2,140+8.6%$1,926–$2,354
1BR$2,300+6.5%$2,070–$2,530
2BR$2,870+5.9%$2,583–$3,157
3BR$3,420+5.2%$3,078–$3,762
4BR$3,840+7.0%$3,456–$4,224

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08820
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,140$2,300$2,870$3,420$3,840
FY 2026$1,970$2,160$2,710$3,250$3,590
FY 2025$1,680$1,890$2,380$2,870$3,160
FY 2024$1,760$1,980$2,490$3,020$3,320
FY 2023$1,460$1,660$2,100$2,560$2,820

Two-bedroom rent in nearby Middlesex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08820
08810$2,8700.0%
08812$2,550−11.1%
08816$2,920+1.7%
08817$2,790−2.8%
08818$2,600−9.4%
08820Current$2,870—
08823$3,180+10.8%
08824$2,980+3.8%
08828$2,850−0.7%
08830$2,890+0.7%
08831$2,600−9.4%
08832$2,470−13.9%

Questions about ZIP 08820 rents

How much will Section 8 pay for a two-bedroom in ZIP 08820?

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 $2,870 it would be $2,583 to $3,157. 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 08820 in?

ZIP 08820 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 08820 for FY 2027?

The two-bedroom FMR rose 5.9%, from $2,710 in FY 2026 to $2,870 in FY 2027. Since FY 2023 it has risen 36.7%.

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