ZIP 07865 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 07865 in the Warren County, NJ FMR area.

Warren County, NJ

$1,980Efficiency

$2,0701 bedroom

$2,5502 bedrooms

$3,2103 bedrooms

$3,6904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,980	$1,782	$2,178	$1,614
1 bedroom	$2,070	$1,863	$2,277	$1,624
2 bedrooms	$2,550	$2,295	$2,805	$2,021
3 bedrooms	$3,210	$2,889	$3,531	$2,478
4 bedrooms	$3,690	$3,321	$4,059	$2,937

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

Middlesex-Somerset-Hunterdon, NJ

$1,980Efficiency

$2,0701 bedroom

$2,5502 bedrooms

$3,2103 bedrooms

$3,6904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,980	$1,782	$2,178	$1,953
1 bedroom	$2,070	$1,863	$2,277	$2,103
2 bedrooms	$2,550	$2,295	$2,805	$2,623
3 bedrooms	$3,210	$2,889	$3,531	$3,125
4 bedrooms	$3,690	$3,321	$4,059	$3,508

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

Newark, NJ

$1,980Efficiency

$2,0701 bedroom

$2,5502 bedrooms

$3,2103 bedrooms

$3,6904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,980	$1,782	$2,178	$1,637
1 bedroom	$2,070	$1,863	$2,277	$1,850
2 bedrooms	$2,550	$2,295	$2,805	$2,233
3 bedrooms	$3,210	$2,889	$3,531	$2,785
4 bedrooms	$3,690	$3,321	$4,059	$3,188

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

Income in ZIP 07865

$104,335average adjusted gross income per tax return (2022)

$70,037average salaries and wages per return

1,470tax returns filed

29%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	20.4%
$25,000 to $50,000	15.6%
$50,000 to $75,000	15.0%
$75,000 to $100,000	10.9%
$100,000 to $200,000	25.9%
$200,000 or more	12.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 6.8% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 07865?

HUD's FY2027 Small Area FMRs for ZIP 07865 (Warren County, NJ) are $1,980 efficiency, $2,070 one bedroom, $2,550 two bedrooms, $3,210 three and $3,690 four bedrooms.

What payment standard can a housing authority set in ZIP 07865?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,295 to $2,805.

How affordable is rent in ZIP 07865?

Tax returns filed from ZIP 07865 reported an average adjusted gross income of $104,335 (2022). A two-bedroom unit at the Small Area FMR costs $30,600 a year, or 29% of that income.