ZIP 08869 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 08869 in the Middlesex-Somerset-Hunterdon, NJ FMR area.

$2,040Efficiency
$2,2001 bedroom
$2,7402 bedrooms
$3,2603 bedrooms
$3,6604 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,040$1,836$2,244$1,953
1 bedroom$2,200$1,980$2,420$2,103
2 bedrooms$2,740$2,466$3,014$2,623
3 bedrooms$3,260$2,934$3,586$3,125
4 bedrooms$3,660$3,294$4,026$3,508

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

Income in ZIP 08869

$87,075average adjusted gross income per tax return (2022)
$70,710average salaries and wages per return
4,450tax returns filed
38%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00024.0%
$25,000 to $50,00020.4%
$50,000 to $75,00015.3%
$75,000 to $100,00011.0%
$100,000 to $200,00020.0%
$200,000 or more9.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 8.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 08869?

HUD's FY2027 Small Area FMRs for ZIP 08869 (Middlesex-Somerset-Hunterdon, NJ) are $2,040 efficiency, $2,200 one bedroom, $2,740 two bedrooms, $3,260 three and $3,660 four bedrooms.

What payment standard can a housing authority set in ZIP 08869?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,466 to $3,014.

How affordable is rent in ZIP 08869?

Tax returns filed from ZIP 08869 reported an average adjusted gross income of $87,075 (2022). A two-bedroom unit at the Small Area FMR costs $32,880 a year, or 38% of that income.