ZIP 07069 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 07069 in the Middlesex-Somerset-Hunterdon, NJ FMR area.

$2,530Efficiency
$2,7301 bedroom
$3,4002 bedrooms
$4,0503 bedrooms
$4,5504 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,530$2,277$2,783$1,953
1 bedroom$2,730$2,457$3,003$2,103
2 bedrooms$3,400$3,060$3,740$2,623
3 bedrooms$4,050$3,645$4,455$3,125
4 bedrooms$4,550$4,095$5,005$3,508

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

Income in ZIP 07069

$260,625average adjusted gross income per tax return (2022)
$148,373average salaries and wages per return
3,170tax returns filed
16%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00019.2%
$25,000 to $50,00011.0%
$50,000 to $75,0009.1%
$75,000 to $100,0007.3%
$100,000 to $200,00020.5%
$200,000 or more32.8%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 4.7% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 07069?

HUD's FY2027 Small Area FMRs for ZIP 07069 (Middlesex-Somerset-Hunterdon, NJ) are $2,530 efficiency, $2,730 one bedroom, $3,400 two bedrooms, $4,050 three and $4,550 four bedrooms.

What payment standard can a housing authority set in ZIP 07069?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $3,060 to $3,740.

How affordable is rent in ZIP 07069?

Tax returns filed from ZIP 07069 reported an average adjusted gross income of $260,625 (2022). A two-bedroom unit at the Small Area FMR costs $40,800 a year, or 16% of that income.