ZIP 07921 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 07921 in the Middlesex-Somerset-Hunterdon, NJ FMR area.

$2,320Efficiency
$2,4901 bedroom
$3,1102 bedrooms
$3,7103 bedrooms
$4,1604 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,320$2,088$2,552$1,953
1 bedroom$2,490$2,241$2,739$2,103
2 bedrooms$3,110$2,799$3,421$2,623
3 bedrooms$3,710$3,339$4,081$3,125
4 bedrooms$4,160$3,744$4,576$3,508

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

Income in ZIP 07921

$153,569average adjusted gross income per tax return (2022)
$97,446average salaries and wages per return
4,630tax returns filed
24%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00016.4%
$25,000 to $50,00013.4%
$50,000 to $75,00013.0%
$75,000 to $100,00012.7%
$100,000 to $200,00025.9%
$200,000 or more18.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 3.9% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 07921?

HUD's FY2027 Small Area FMRs for ZIP 07921 (Middlesex-Somerset-Hunterdon, NJ) are $2,320 efficiency, $2,490 one bedroom, $3,110 two bedrooms, $3,710 three and $4,160 four bedrooms.

What payment standard can a housing authority set in ZIP 07921?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,799 to $3,421.

How affordable is rent in ZIP 07921?

Tax returns filed from ZIP 07921 reported an average adjusted gross income of $153,569 (2022). A two-bedroom unit at the Small Area FMR costs $37,320 a year, or 24% of that income.