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Middlesex County/Parlin/08859

08859

ZIPSAFMR
Middlesex County, NJ
Zillow

ZIP Investment Score

57Below average

095130300
BRFMR
Eff. Rent
0 BR$1,720$1,890
1 BR$1,850$1,970
2 BR$2,310$2,540
3 BR$2,750$3,030
4 BR$3,090$3,350
5 BR$3,553Not available
6 BR$4,087Not available
7 BR$4,700Not available
8 BR$5,404Not available

Purchase Price Calculator

Maximum purchase price
$315,526

Cost breakdown

+Likely effective rent$2,540
HUD FMR$2,310
Market rent$2,700
Est. payment standard (110%)Used$2,540
-Principal and interest-$1,595
Loan amount$252,421
Down payment$63,105
Rate6.50%
Term30 years
-Operating costs-$745
Property taxes-$316
Insurance-$175
Utilities$0
HOA$0
Management-$254
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,505(64.2% ROI)
Projected value
$339,787
Return breakdown
Property appreciation+$24,261
Loan principal paid down+$9,044
Rental cash flow+$7,200
5-year hold
+$69,590(110.3% ROI)
Projected value
$356,989
Return breakdown
Property appreciation+$41,463
Loan principal paid down+$16,127
Rental cash flow+$12,000
10-year hold
+$150,802(239.0% ROI)
Projected value
$403,901
Return breakdown
Property appreciation+$88,374
Loan principal paid down+$38,428
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.64
1 BR
0.91
2 BR
0.86
3 BR
0.86
4 BR
0.89
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08859 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08859 (Parlin, NJ) is $2,310 a month. That is up 6.5% from $2,170 in FY 2026. Parlin 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, 08859 has the 48th-highest two-bedroom rent (county range $2,150–$3,330). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08859 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08859
BedroomsFY 2027Change90–110% range
Studio$1,720+9.6%$1,548–$1,892
1BR$1,850+6.9%$1,665–$2,035
2BR$2,310+6.5%$2,079–$2,541
3BR$2,750+5.8%$2,475–$3,025
4BR$3,090+7.3%$2,781–$3,399

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08859
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,720$1,850$2,310$2,750$3,090
FY 2026$1,570$1,730$2,170$2,600$2,880
FY 2025$1,450$1,630$2,050$2,490$2,730
FY 2024$1,410$1,590$2,000$2,420$2,660
FY 2023$1,180$1,340$1,700$2,070$2,300

Two-bedroom rent in nearby Middlesex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08859
08840$2,930+26.8%
08846$2,240−3.0%
08850$2,410+4.3%
08852$2,690+16.5%
08854$2,840+22.9%
08855$2,600+12.6%
08857$2,340+1.3%
08859Current$2,310—
08861$2,250−2.6%
08862$2,600+12.6%
08863$2,740+18.6%
08872$2,240−3.0%

Questions about ZIP 08859 rents

How much will Section 8 pay for a two-bedroom in ZIP 08859?

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 $2,310 it would be $2,079 to $2,541. 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 08859 in?

ZIP 08859 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 08859 for FY 2027?

The two-bedroom FMR rose 6.5%, from $2,170 in FY 2026 to $2,310 in FY 2027. Since FY 2023 it has risen 35.9%.

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