08844
ZIPFMR
Somerset County, NJ
BRFMR
Eff. Rent
0 BR$1,804$1,960
1 BR$1,978$2,020
2 BR$2,486$2,620
3 BR$2,981$3,280
4 BR$3,296$3,630
5 BR$3,790
6 BR$4,359
7 BR$5,013
8 BR$5,765

Purchase Price Calculator

Maximum purchase price
$327,414

Cost breakdown

+Likely effective rent$2,620
HUD FMR$2,486
Market rent$2,690
Est. payment standard (105%)Used$2,620
Estimated payment standard is $2,620 (105% of FMR).
-Principal and interest-$1,656
Loan amount$261,932
Down payment$65,483
Rate6.50%
Term30 years
-Operating costs-$764
Property taxes-$327
Insurance-$175
Utilities$0
HOA$0
Management-$262
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$41,759(63.8% ROI)
Projected value
$352,590
Current value$327,414
Return breakdown
Property appreciation+$25,175
Loan principal paid down+$9,384
Rental cash flow+$7,200
5-year hold
+$71,760(109.6% ROI)
Projected value
$370,439
Current value$327,414
Return breakdown
Property appreciation+$43,025
Loan principal paid down+$16,735
Rental cash flow+$12,000
10-year hold
+$155,580(237.6% ROI)
Projected value
$419,118
Current value$327,414
Return breakdown
Property appreciation+$91,704
Loan principal paid down+$39,876
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
0.88ratio
FMR$1,804
Market$2,040
vs market-$236

FMR is below market; voucher rent may lag private rents.

90% standard$1,624 / 0.80 ratio110% standard$1,984 / 0.97 ratio
0.88
1 BR
1 BR
0.96ratio
FMR$1,978
Market$2,050
vs market-$72

FMR is near market; voucher and private rents are aligned.

90% standard$1,780 / 0.87 ratio110% standard$2,176 / 1.06 ratio
0.96
2 BR
2 BR
0.92ratio
FMR$2,486
Market$2,690
vs market-$204

FMR is near market; voucher and private rents are aligned.

90% standard$2,237 / 0.83 ratio110% standard$2,735 / 1.02 ratio
0.92
3 BR
3 BR
0.83ratio
FMR$2,981
Market$3,600
vs market-$619

FMR is below market; voucher rent may lag private rents.

90% standard$2,683 / 0.75 ratio110% standard$3,279 / 0.91 ratio
0.83
4 BR
4 BR
0.73ratio
FMR$3,296
Market$4,510
vs market-$1,214

FMR is below market; voucher rent may lag private rents.

90% standard$2,966 / 0.66 ratio110% standard$3,626 / 0.80 ratio
0.73
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 08844 (NJ) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled FMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

08844 fair market rent and Section 8 rent limits

The FY 2026 HUD Fair Market Rent (FMR) page for 08844 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,486 and the 4 bedroom fair market rent is $3,296.

Use this page for searches like 08844 FMR, 08844 fair market rent, and 08844 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 08844
Bedroom sizeHUD FMR
Studio$1,804
1 bedroom$1,978
2 bedroom$2,486
3 bedroom$2,981
4 bedroom$3,296