ZIP 08827 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 08827 in the Warren County, NJ FMR area.

Warren County, NJ

$1,710Efficiency
$1,8401 bedroom
$2,2902 bedrooms
$2,7403 bedrooms
$3,0804 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,710$1,539$1,881$1,614
1 bedroom$1,840$1,656$2,024$1,624
2 bedrooms$2,290$2,061$2,519$2,021
3 bedrooms$2,740$2,466$3,014$2,478
4 bedrooms$3,080$2,772$3,388$2,937

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

Middlesex-Somerset-Hunterdon, NJ

$1,710Efficiency
$1,8401 bedroom
$2,2902 bedrooms
$2,7403 bedrooms
$3,0804 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,710$1,539$1,881$1,953
1 bedroom$1,840$1,656$2,024$2,103
2 bedrooms$2,290$2,061$2,519$2,623
3 bedrooms$2,740$2,466$3,014$3,125
4 bedrooms$3,080$2,772$3,388$3,508

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

Income in ZIP 08827

$125,844average adjusted gross income per tax return (2022)
$89,812average salaries and wages per return
2,270tax returns filed
22%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00020.3%
$25,000 to $50,00015.4%
$50,000 to $75,00011.0%
$75,000 to $100,0009.3%
$100,000 to $200,00025.6%
$200,000 or more18.5%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 6.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 08827?

HUD's FY2027 Small Area FMRs for ZIP 08827 (Warren County, NJ) are $1,710 efficiency, $1,840 one bedroom, $2,290 two bedrooms, $2,740 three and $3,080 four bedrooms.

What payment standard can a housing authority set in ZIP 08827?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,061 to $2,519.

How affordable is rent in ZIP 08827?

Tax returns filed from ZIP 08827 reported an average adjusted gross income of $125,844 (2022). A two-bedroom unit at the Small Area FMR costs $27,480 a year, or 22% of that income.