ZIP 08512 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 08512 in the Middlesex-Somerset-Hunterdon, NJ FMR area.

Middlesex-Somerset-Hunterdon, NJ

$1,630Efficiency
$1,7901 bedroom
$2,2502 bedrooms
$2,7203 bedrooms
$3,0504 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,630$1,467$1,793$1,953
1 bedroom$1,790$1,611$1,969$2,103
2 bedrooms$2,250$2,025$2,475$2,623
3 bedrooms$2,720$2,448$2,992$3,125
4 bedrooms$3,050$2,745$3,355$3,508

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

Trenton-Princeton, NJ MSA

$1,630Efficiency
$1,7901 bedroom
$2,2502 bedrooms
$2,7203 bedrooms
$3,0504 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,630$1,467$1,793$1,561
1 bedroom$1,790$1,611$1,969$1,764
2 bedrooms$2,250$2,025$2,475$2,242
3 bedrooms$2,720$2,448$2,992$2,741
4 bedrooms$3,050$2,745$3,355$3,081

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

Income in ZIP 08512

$157,506average adjusted gross income per tax return (2022)
$102,383average salaries and wages per return
6,100tax returns filed
17%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00020.5%
$25,000 to $50,00017.9%
$50,000 to $75,00013.8%
$75,000 to $100,0009.2%
$100,000 to $200,00018.2%
$200,000 or more20.5%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 7.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 08512?

HUD's FY2027 Small Area FMRs for ZIP 08512 (Middlesex-Somerset-Hunterdon, NJ) are $1,630 efficiency, $1,790 one bedroom, $2,250 two bedrooms, $2,720 three and $3,050 four bedrooms.

What payment standard can a housing authority set in ZIP 08512?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,025 to $2,475.

How affordable is rent in ZIP 08512?

Tax returns filed from ZIP 08512 reported an average adjusted gross income of $157,506 (2022). A two-bedroom unit at the Small Area FMR costs $27,000 a year, or 17% of that income.