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Middlesex County/Edison/08837

08837

ZIPSAFMR
Middlesex County, NJ
Zillow

ZIP Investment Score

53Below average

095130300
BRFMR
Eff. Rent
0 BR$1,860$2,050
1 BR$2,000$2,080
2 BR$2,500$2,750
3 BR$2,980$3,210
4 BR$3,340$3,670
5 BR$3,841Not available
6 BR$4,417Not available
7 BR$5,080Not available
8 BR$5,842Not available

Purchase Price Calculator

Maximum purchase price
$346,732

Cost breakdown

+Likely effective rent$2,750
HUD FMR$2,500
Market rent$2,920
Est. payment standard (110%)Used$2,750
-Principal and interest-$1,753
Loan amount$277,386
Down payment$69,346
Rate6.50%
Term30 years
-Operating costs-$797
Property taxes-$347
Insurance-$175
Utilities$0
HOA$0
Management-$275
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$43,799(63.2% ROI)
Projected value
$373,393
Return breakdown
Property appreciation+$26,660
Loan principal paid down+$9,938
Rental cash flow+$7,200
5-year hold
+$75,286(108.6% ROI)
Projected value
$392,296
Return breakdown
Property appreciation+$45,563
Loan principal paid down+$17,722
Rental cash flow+$12,000
10-year hold
+$163,343(235.5% ROI)
Projected value
$443,847
Return breakdown
Property appreciation+$97,114
Loan principal paid down+$42,229
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.68
1 BR
0.94
2 BR
0.86
3 BR
0.89
4 BR
0.84
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08837 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08837 (Edison, NJ) is $2,500 a month. That is up 5.5% from $2,370 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, 08837 has the 36th-highest two-bedroom rent (county range $2,150–$3,330). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08837 is 12% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08837
BedroomsFY 2027Change90–110% range
Studio$1,860+8.1%$1,674–$2,046
1BR$2,000+5.8%$1,800–$2,200
2BR$2,500+5.5%$2,250–$2,750
3BR$2,980+4.9%$2,682–$3,278
4BR$3,340+6.4%$3,006–$3,674

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08837
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,860$2,000$2,500$2,980$3,340
FY 2026$1,720$1,890$2,370$2,840$3,140
FY 2025$1,450$1,630$2,050$2,490$2,730
FY 2024$1,480$1,670$2,100$2,540$2,800
FY 2023$1,250$1,420$1,800$2,190$2,420

Two-bedroom rent in nearby Middlesex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08837
08820$2,870+14.8%
08823$3,180+27.2%
08824$2,980+19.2%
08828$2,850+14.0%
08830$2,890+15.6%
08831$2,600+4.0%
08832$2,470−1.2%
08837Current$2,500—
08840$2,930+17.2%
08846$2,240−10.4%
08850$2,410−3.6%
08852$2,690+7.6%

Questions about ZIP 08837 rents

How much will Section 8 pay for a two-bedroom in ZIP 08837?

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 $2,500 it would be $2,250 to $2,750. 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 08837 in?

ZIP 08837 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 08837 for FY 2027?

The two-bedroom FMR rose 5.5%, from $2,370 in FY 2026 to $2,500 in FY 2027. Since FY 2023 it has risen 38.9%.

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