ZIP 07067 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 07067 in the Middlesex-Somerset-Hunterdon, NJ FMR area.

Middlesex-Somerset-Hunterdon, NJ

$2,080Efficiency
$2,2501 bedroom
$2,8002 bedrooms
$3,3403 bedrooms
$3,7404 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,080$1,872$2,288$1,953
1 bedroom$2,250$2,025$2,475$2,103
2 bedrooms$2,800$2,520$3,080$2,623
3 bedrooms$3,340$3,006$3,674$3,125
4 bedrooms$3,740$3,366$4,114$3,508

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Newark, NJ

$2,080Efficiency
$2,2501 bedroom
$2,8002 bedrooms
$3,3403 bedrooms
$3,7404 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,080$1,872$2,288$1,637
1 bedroom$2,250$2,025$2,475$1,850
2 bedrooms$2,800$2,520$3,080$2,233
3 bedrooms$3,340$3,006$3,674$2,785
4 bedrooms$3,740$3,366$4,114$3,188

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 07067

$111,022average adjusted gross income per tax return (2022)
$81,116average salaries and wages per return
9,750tax returns filed
30%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00021.1%
$25,000 to $50,00014.7%
$50,000 to $75,00014.2%
$75,000 to $100,00011.5%
$100,000 to $200,00026.1%
$200,000 or more12.5%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 6.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 07067?

HUD's FY2027 Small Area FMRs for ZIP 07067 (Middlesex-Somerset-Hunterdon, NJ) are $2,080 efficiency, $2,250 one bedroom, $2,800 two bedrooms, $3,340 three and $3,740 four bedrooms.

What payment standard can a housing authority set in ZIP 07067?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,520 to $3,080.

How affordable is rent in ZIP 07067?

Tax returns filed from ZIP 07067 reported an average adjusted gross income of $111,022 (2022). A two-bedroom unit at the Small Area FMR costs $33,600 a year, or 30% of that income.