ZIP 08558 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 08558 in the Middlesex-Somerset-Hunterdon, NJ FMR area.

Middlesex-Somerset-Hunterdon, NJ

$1,950Efficiency
$2,1001 bedroom
$2,6202 bedrooms
$3,1203 bedrooms
$3,5004 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,950$1,755$2,145$1,953
1 bedroom$2,100$1,890$2,310$2,103
2 bedrooms$2,620$2,358$2,882$2,623
3 bedrooms$3,120$2,808$3,432$3,125
4 bedrooms$3,500$3,150$3,850$3,508

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

Trenton-Princeton, NJ MSA

$1,950Efficiency
$2,1001 bedroom
$2,6202 bedrooms
$3,1203 bedrooms
$3,5004 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,950$1,755$2,145$1,561
1 bedroom$2,100$1,890$2,310$1,764
2 bedrooms$2,620$2,358$2,882$2,242
3 bedrooms$3,120$2,808$3,432$2,741
4 bedrooms$3,500$3,150$3,850$3,081

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

Income in ZIP 08558

$300,820average adjusted gross income per tax return (2022)
$193,610average salaries and wages per return
3,720tax returns filed
10%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00016.4%
$25,000 to $50,0008.3%
$50,000 to $75,0007.0%
$75,000 to $100,0005.6%
$100,000 to $200,00018.0%
$200,000 or more44.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 3.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 08558?

HUD's FY2027 Small Area FMRs for ZIP 08558 (Middlesex-Somerset-Hunterdon, NJ) are $1,950 efficiency, $2,100 one bedroom, $2,620 two bedrooms, $3,120 three and $3,500 four bedrooms.

What payment standard can a housing authority set in ZIP 08558?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,358 to $2,882.

How affordable is rent in ZIP 08558?

Tax returns filed from ZIP 08558 reported an average adjusted gross income of $300,820 (2022). A two-bedroom unit at the Small Area FMR costs $31,440 a year, or 10% of that income.