ZIP 07961 Fair Market Rent FY2027
Small Area Fair Market Rents for ZIP code 07961 in the Newark, NJ FMR area.
$2,370Efficiency
$2,6801 bedroom
$3,2402 bedrooms
$4,0403 bedrooms
$4,6204 bedrooms
Payment standard range
| Unit size | SAFMR | 90% | 110% | Metro FMR |
|---|---|---|---|---|
| Efficiency | $2,370 | $2,133 | $2,607 | $1,637 |
| 1 bedroom | $2,680 | $2,412 | $2,948 | $1,850 |
| 2 bedrooms | $3,240 | $2,916 | $3,564 | $2,233 |
| 3 bedrooms | $4,040 | $3,636 | $4,444 | $2,785 |
| 4 bedrooms | $4,620 | $4,158 | $5,082 | $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 07961?
HUD's FY2027 Small Area FMRs for ZIP 07961 (Newark, NJ) are $2,370 efficiency, $2,680 one bedroom, $3,240 two bedrooms, $4,040 three and $4,620 four bedrooms.
What payment standard can a housing authority set in ZIP 07961?
Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,916 to $3,564.