ZIP 08525 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 08525 in the Middlesex-Somerset-Hunterdon, NJ FMR area.

Middlesex-Somerset-Hunterdon, NJ

$1,720Efficiency
$1,9301 bedroom
$2,4502 bedrooms
$2,9803 bedrooms
$3,3504 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,720$1,548$1,892$1,953
1 bedroom$1,930$1,737$2,123$2,103
2 bedrooms$2,450$2,205$2,695$2,623
3 bedrooms$2,980$2,682$3,278$3,125
4 bedrooms$3,350$3,015$3,685$3,508

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

Trenton-Princeton, NJ MSA

$1,720Efficiency
$1,9301 bedroom
$2,4502 bedrooms
$2,9803 bedrooms
$3,3504 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,720$1,548$1,892$1,561
1 bedroom$1,930$1,737$2,123$1,764
2 bedrooms$2,450$2,205$2,695$2,242
3 bedrooms$2,980$2,682$3,278$2,741
4 bedrooms$3,350$3,015$3,685$3,081

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

Income in ZIP 08525

$164,000average adjusted gross income per tax return (2022)
$106,524average salaries and wages per return
2,360tax returns filed
18%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00018.2%
$25,000 to $50,00011.4%
$50,000 to $75,00011.4%
$75,000 to $100,0009.7%
$100,000 to $200,00024.6%
$200,000 or more24.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 4.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 08525?

HUD's FY2027 Small Area FMRs for ZIP 08525 (Middlesex-Somerset-Hunterdon, NJ) are $1,720 efficiency, $1,930 one bedroom, $2,450 two bedrooms, $2,980 three and $3,350 four bedrooms.

What payment standard can a housing authority set in ZIP 08525?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,205 to $2,695.

How affordable is rent in ZIP 08525?

Tax returns filed from ZIP 08525 reported an average adjusted gross income of $164,000 (2022). A two-bedroom unit at the Small Area FMR costs $29,400 a year, or 18% of that income.