ZIP 07051 Fair Market Rent FY2027
Small Area Fair Market Rents for ZIP code 07051 in the Newark, NJ FMR area.
$1,550Efficiency
$1,7501 bedroom
$2,1102 bedrooms
$2,6303 bedrooms
$3,0104 bedrooms
Payment standard range
| Unit size | SAFMR | 90% | 110% | Metro FMR |
|---|---|---|---|---|
| Efficiency | $1,550 | $1,395 | $1,705 | $1,637 |
| 1 bedroom | $1,750 | $1,575 | $1,925 | $1,850 |
| 2 bedrooms | $2,110 | $1,899 | $2,321 | $2,233 |
| 3 bedrooms | $2,630 | $2,367 | $2,893 | $2,785 |
| 4 bedrooms | $3,010 | $2,709 | $3,311 | $3,188 |
Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.
Questions and answers
What is the Small Area Fair Market Rent for ZIP code 07051?
HUD's FY2027 Small Area FMRs for ZIP 07051 (Newark, NJ) are $1,550 efficiency, $1,750 one bedroom, $2,110 two bedrooms, $2,630 three and $3,010 four bedrooms.
What payment standard can a housing authority set in ZIP 07051?
Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,899 to $2,321.