ZIP 08828 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 08828 in the Middlesex-Somerset-Hunterdon, NJ FMR area.

$2,120Efficiency
$2,2901 bedroom
$2,8502 bedrooms
$3,4003 bedrooms
$3,8104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,120$1,908$2,332$1,953
1 bedroom$2,290$2,061$2,519$2,103
2 bedrooms$2,850$2,565$3,135$2,623
3 bedrooms$3,400$3,060$3,740$3,125
4 bedrooms$3,810$3,429$4,191$3,508

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

Income in ZIP 08828

$83,015average adjusted gross income per tax return (2022)
$66,623average salaries and wages per return
1,420tax returns filed
41%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00019.7%
$25,000 to $50,00017.6%
$50,000 to $75,00019.0%
$75,000 to $100,00014.8%
$100,000 to $200,00023.2%
$200,000 or more5.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 6.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 08828?

HUD's FY2027 Small Area FMRs for ZIP 08828 (Middlesex-Somerset-Hunterdon, NJ) are $2,120 efficiency, $2,290 one bedroom, $2,850 two bedrooms, $3,400 three and $3,810 four bedrooms.

What payment standard can a housing authority set in ZIP 08828?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,565 to $3,135.

How affordable is rent in ZIP 08828?

Tax returns filed from ZIP 08828 reported an average adjusted gross income of $83,015 (2022). A two-bedroom unit at the Small Area FMR costs $34,200 a year, or 41% of that income.