ZIP 08844 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 08844 in the Middlesex-Somerset-Hunterdon, NJ FMR area.

$2,290Efficiency
$2,4701 bedroom
$3,0802 bedrooms
$3,6703 bedrooms
$4,1204 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,290$2,061$2,519$1,953
1 bedroom$2,470$2,223$2,717$2,103
2 bedrooms$3,080$2,772$3,388$2,623
3 bedrooms$3,670$3,303$4,037$3,125
4 bedrooms$4,120$3,708$4,532$3,508

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

Income in ZIP 08844

$146,284average adjusted gross income per tax return (2022)
$110,394average salaries and wages per return
21,730tax returns filed
25%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00019.9%
$25,000 to $50,00012.8%
$50,000 to $75,00011.6%
$75,000 to $100,0009.8%
$100,000 to $200,00024.0%
$200,000 or more21.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 4.5% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 08844?

HUD's FY2027 Small Area FMRs for ZIP 08844 (Middlesex-Somerset-Hunterdon, NJ) are $2,290 efficiency, $2,470 one bedroom, $3,080 two bedrooms, $3,670 three and $4,120 four bedrooms.

What payment standard can a housing authority set in ZIP 08844?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,772 to $3,388.

How affordable is rent in ZIP 08844?

Tax returns filed from ZIP 08844 reported an average adjusted gross income of $146,284 (2022). A two-bedroom unit at the Small Area FMR costs $36,960 a year, or 25% of that income.