ZIP 08861 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 08861 in the Middlesex-Somerset-Hunterdon, NJ FMR area.

$1,680Efficiency
$1,8001 bedroom
$2,2502 bedrooms
$2,6903 bedrooms
$3,0104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,680$1,512$1,848$1,953
1 bedroom$1,800$1,620$1,980$2,103
2 bedrooms$2,250$2,025$2,475$2,623
3 bedrooms$2,690$2,421$2,959$3,125
4 bedrooms$3,010$2,709$3,311$3,508

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

Income in ZIP 08861

$43,700average adjusted gross income per tax return (2022)
$36,774average salaries and wages per return
30,050tax returns filed
62%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00037.1%
$25,000 to $50,00033.8%
$50,000 to $75,00015.4%
$75,000 to $100,0006.9%
$100,000 to $200,0005.9%
$200,000 or more0.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 28.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 08861?

HUD's FY2027 Small Area FMRs for ZIP 08861 (Middlesex-Somerset-Hunterdon, NJ) are $1,680 efficiency, $1,800 one bedroom, $2,250 two bedrooms, $2,690 three and $3,010 four bedrooms.

What payment standard can a housing authority set in ZIP 08861?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,025 to $2,475.

How affordable is rent in ZIP 08861?

Tax returns filed from ZIP 08861 reported an average adjusted gross income of $43,700 (2022). A two-bedroom unit at the Small Area FMR costs $27,000 a year, or 62% of that income.