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Middlesex County/Perth Amboy/08861

08861

ZIPSAFMR
Middlesex County, NJ
Zillow

ZIP Investment Score

57Below average

095130300
BRFMR
Eff. Rent
0 BR$1,680$1,850
1 BR$1,800$1,980
2 BR$2,250$2,460
3 BR$2,690$2,820
4 BR$3,010$3,000
5 BR$3,461Not available
6 BR$3,981Not available
7 BR$4,578Not available
8 BR$5,265Not available

Purchase Price Calculator

Maximum purchase price
$303,639

Cost breakdown

+Likely effective rent$2,460
HUD FMR$2,250
Market rent$2,570
Est. payment standard (109%)Used$2,460
-Principal and interest-$1,535
Loan amount$242,911
Down payment$60,728
Rate6.50%
Term30 years
-Operating costs-$725
Property taxes-$304
Insurance-$175
Utilities$0
HOA$0
Management-$246
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$39,250(64.6% ROI)
Projected value
$326,985
Return breakdown
Property appreciation+$23,347
Loan principal paid down+$8,703
Rental cash flow+$7,200
5-year hold
+$67,420(111.0% ROI)
Projected value
$343,539
Return breakdown
Property appreciation+$39,901
Loan principal paid down+$15,520
Rental cash flow+$12,000
10-year hold
+$146,025(240.5% ROI)
Projected value
$388,683
Return breakdown
Property appreciation+$85,044
Loan principal paid down+$36,980
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.83
1 BR
0.85
2 BR
0.88
3 BR
0.93
4 BR
1.00
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08861 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08861 (Perth Amboy, NJ) is $2,250 a month. That is up 8.2% from $2,080 in FY 2026. Perth Amboy 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, 08861 is tied for the 49th-highest two-bedroom rent (county range $2,150–$3,330).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08861
BedroomsFY 2027Change90–110% range
Studio$1,680+11.3%$1,512–$1,848
1BR$1,800+8.4%$1,620–$1,980
2BR$2,250+8.2%$2,025–$2,475
3BR$2,690+8.0%$2,421–$2,959
4BR$3,010+9.1%$2,709–$3,311

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08861
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,680$1,800$2,250$2,690$3,010
FY 2026$1,510$1,660$2,080$2,490$2,760
FY 2025$1,450$1,630$2,050$2,490$2,730
FY 2024$1,340$1,500$1,890$2,290$2,520
FY 2023$1,150$1,310$1,670$2,060$2,300

Two-bedroom rent in nearby Middlesex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08861
08846$2,240−0.4%
08850$2,410+7.1%
08852$2,690+19.6%
08854$2,840+26.2%
08855$2,600+15.6%
08857$2,340+4.0%
08859$2,310+2.7%
08861Current$2,250—
08862$2,600+15.6%
08863$2,740+21.8%
08872$2,240−0.4%
08879$2,420+7.6%

Questions about ZIP 08861 rents

How much will Section 8 pay for a two-bedroom in ZIP 08861?

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 $2,250 it would be $2,025 to $2,475. 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 08861 in?

ZIP 08861 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 08861 for FY 2027?

The two-bedroom FMR rose 8.2%, from $2,080 in FY 2026 to $2,250 in FY 2027. Since FY 2023 it has risen 34.7%.

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