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Middlesex County/Middlesex/08846

08846

ZIPSAFMR
Middlesex County, NJ
Zillow

ZIP Investment Score

51Below average

095130300
BRFMR
Eff. Rent
0 BR$1,630$1,790
1 BR$1,790$1,960
2 BR$2,240$2,400
3 BR$2,690$2,960
4 BR$2,970$3,270
5 BR$3,415Not available
6 BR$3,928Not available
7 BR$4,517Not available
8 BR$5,195Not available

Purchase Price Calculator

Maximum purchase price
$294,723

Cost breakdown

+Likely effective rent$2,400
HUD FMR$2,240
Market rent$2,490
Est. payment standard (107%)Used$2,400
-Principal and interest-$1,490
Loan amount$235,778
Down payment$58,945
Rate6.50%
Term30 years
-Operating costs-$710
Property taxes-$295
Insurance-$175
Utilities$0
HOA$0
Management-$240
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$38,309(65.0% ROI)
Projected value
$317,384
Return breakdown
Property appreciation+$22,661
Loan principal paid down+$8,447
Rental cash flow+$7,200
5-year hold
+$65,793(111.6% ROI)
Projected value
$333,451
Return breakdown
Property appreciation+$38,729
Loan principal paid down+$15,064
Rental cash flow+$12,000
10-year hold
+$142,442(241.7% ROI)
Projected value
$377,270
Return breakdown
Property appreciation+$82,547
Loan principal paid down+$35,895
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.66
1 BR
0.87
2 BR
0.90
3 BR
0.83
4 BR
0.80
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08846 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08846 (Middlesex, NJ) is $2,240 a month. That is up 1.4% from $2,210 in FY 2026. Middlesex 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, 08846 is tied for the 51st-highest two-bedroom rent (county range $2,150–$3,330).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08846
BedroomsFY 2027Change90–110% range
Studio$1,630+1.9%$1,467–$1,793
1BR$1,790+1.7%$1,611–$1,969
2BR$2,240+1.4%$2,016–$2,464
3BR$2,690+1.5%$2,421–$2,959
4BR$2,970+1.4%$2,673–$3,267

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08846
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,630$1,790$2,240$2,690$2,970
FY 2026$1,600$1,760$2,210$2,650$2,930
FY 2025$1,450$1,630$2,050$2,490$2,730
FY 2024$1,530$1,720$2,170$2,630$2,890
FY 2023$1,280$1,450$1,830$2,230$2,460

Two-bedroom rent in nearby Middlesex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08846
08831$2,600+16.1%
08832$2,470+10.3%
08837$2,500+11.6%
08840$2,930+30.8%
08846Current$2,240—
08850$2,410+7.6%
08852$2,690+20.1%
08854$2,840+26.8%
08855$2,600+16.1%
08857$2,340+4.5%
08859$2,310+3.1%
08861$2,250+0.4%

Questions about ZIP 08846 rents

How much will Section 8 pay for a two-bedroom in ZIP 08846?

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 $2,240 it would be $2,016 to $2,464. 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 08846 in?

ZIP 08846 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 08846 for FY 2027?

The two-bedroom FMR rose 1.4%, from $2,210 in FY 2026 to $2,240 in FY 2027. Since FY 2023 it has risen 22.4%.

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